Performance Food Group Co (PFGC) Receives $37.89 Average PT from Analysts

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Performance Food Group Co (NYSE:PFGC) has been given a consensus rating of “Hold” by the thirteen research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $37.89.

A number of analysts recently weighed in on PFGC shares. Wells Fargo & Co increased their price objective on Performance Food Group from $40.00 to $46.00 and gave the company a “$38.15” rating in a report on Wednesday, July 18th. BMO Capital Markets decreased their price objective on Performance Food Group from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 16th. Loop Capital restated a “buy” rating and issued a $42.00 price objective on shares of Performance Food Group in a report on Wednesday, August 15th. ValuEngine upgraded Performance Food Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Finally, Guggenheim restated a “buy” rating and issued a $43.00 price objective on shares of Performance Food Group in a report on Friday, July 20th.

NYSE PFGC traded down $0.60 on Monday, reaching $32.10. The company had a trading volume of 647,867 shares, compared to its average volume of 906,652. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.07 and a beta of 0.18. Performance Food Group has a fifty-two week low of $26.35 and a fifty-two week high of $39.45. The company has a quick ratio of 0.78, a current ratio of 1.50 and a debt-to-equity ratio of 1.04.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, August 15th. The restaurant operator reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.07). The company had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.66 billion. Performance Food Group had a net margin of 1.13% and a return on equity of 15.58%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. research analysts expect that Performance Food Group will post 1.74 earnings per share for the current fiscal year.

In other Performance Food Group news, insider Carol A. O’connell sold 6,939 shares of the company’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $36.77, for a total transaction of $255,147.03. Following the sale, the insider now owns 50,474 shares of the company’s stock, valued at $1,855,928.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider George L. Holm sold 56,176 shares of the company’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $36.43, for a total transaction of $2,046,491.68. Following the sale, the insider now directly owns 166,937 shares in the company, valued at approximately $6,081,514.91. The disclosure for this sale can be found here. Insiders have sold 109,720 shares of company stock worth $3,870,520 in the last ninety days. Insiders own 3.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of Performance Food Group by 1.3% during the 1st quarter. BlackRock Inc. now owns 9,955,362 shares of the restaurant operator’s stock worth $297,168,000 after purchasing an additional 123,615 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Performance Food Group by 1.9% during the 1st quarter. JPMorgan Chase & Co. now owns 7,401,470 shares of the restaurant operator’s stock worth $220,934,000 after purchasing an additional 136,657 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Performance Food Group by 4.5% during the 2nd quarter. Victory Capital Management Inc. now owns 4,373,166 shares of the restaurant operator’s stock worth $160,495,000 after purchasing an additional 186,801 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Performance Food Group by 0.8% during the 2nd quarter. Jennison Associates LLC now owns 2,529,294 shares of the restaurant operator’s stock worth $92,825,000 after purchasing an additional 20,739 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Performance Food Group by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,908,499 shares of the restaurant operator’s stock worth $70,044,000 after purchasing an additional 168,076 shares in the last quarter. 94.65% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, such as meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as seafood products, shortenings and oils, baked goods, and salad dressings.

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Analyst Recommendations for Performance Food Group (NYSE:PFGC)

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