Performance Food Group Company (NYSE:PFGC) had its price target lifted by BMO Capital Markets from $30.00 to $33.00 in a research report report published on Wednesday morning. The brokerage currently has an outperform rating on the restaurant operator’s stock.
Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Performance Food Group from a hold rating to a buy rating and set a $31.00 target price on the stock in a report on Wednesday, June 14th. Wells Fargo & Company restated a hold rating on shares of Performance Food Group in a report on Thursday, August 17th. Royal Bank Of Canada set a $27.00 target price on Performance Food Group and gave the company a hold rating in a report on Tuesday, August 15th. BidaskClub upgraded Performance Food Group from a hold rating to a buy rating in a report on Thursday, August 24th. Finally, Jefferies Group LLC restated a hold rating on shares of Performance Food Group in a report on Tuesday, May 16th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Performance Food Group currently has an average rating of Hold and a consensus price target of $29.20.
Shares of Performance Food Group (PFGC) opened at 28.45 on Wednesday. Performance Food Group has a 12 month low of $19.95 and a 12 month high of $29.90. The stock has a market cap of $2.96 billion, a P/E ratio of 30.59 and a beta of -0.28. The stock has a 50 day moving average price of $27.75 and a 200 day moving average price of $26.41.
Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.02). Performance Food Group had a net margin of 0.57% and a return on equity of 14.73%. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the business earned $0.38 earnings per share. Performance Food Group’s quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts anticipate that Performance Food Group will post $1.43 EPS for the current fiscal year.
In other Performance Food Group news, insider James D. Hope purchased 3,575 shares of the stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of $26.99 per share, with a total value of $96,489.25. Following the completion of the transaction, the insider now owns 65,480 shares in the company, valued at approximately $1,767,305.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.50% of the company’s stock.
Several large investors have recently modified their holdings of the company. Davidson Kempner Capital Management LP grew its position in shares of Performance Food Group by 16.0% in the second quarter. Davidson Kempner Capital Management LP now owns 1,450,000 shares of the restaurant operator’s stock valued at $39,730,000 after purchasing an additional 200,000 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Performance Food Group by 25.6% during the second quarter. Public Employees Retirement System of Ohio now owns 5,780 shares of the restaurant operator’s stock worth $158,000 after buying an additional 1,177 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in Performance Food Group by 113.9% during the second quarter. Ameritas Investment Partners Inc. now owns 6,242 shares of the restaurant operator’s stock worth $171,000 after buying an additional 3,324 shares in the last quarter. California State Teachers Retirement System grew its position in Performance Food Group by 70.9% during the second quarter. California State Teachers Retirement System now owns 125,996 shares of the restaurant operator’s stock worth $3,452,000 after buying an additional 52,267 shares in the last quarter. Finally, 361 Capital LLC acquired a new stake in Performance Food Group during the second quarter worth about $403,000. 79.07% of the stock is currently owned by institutional investors.
Performance Food Group Company Profile
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.
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