Press coverage about Performance Food Group (NYSE:PFGC) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Performance Food Group earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the restaurant operator an impact score of 47.2870501929511 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Performance Food Group (PFGC) Prices 5M Secondary Offering of Common Stock at $28.40/Share (streetinsider.com)
- Morgan Stanley Raises Performance Food Group Company (PFGC) Price Target to $28.00 (americanbankingnews.com)
- Performance Food Group Company (PFGC) Price Target Raised to $33.00 at BMO Capital Markets (americanbankingnews.com)
- Performance Food Group Backs FY18 Earnings Outlook – Quick Facts (nasdaq.com)
- Performance Food Group backs 2018 outlook (seekingalpha.com)
Shares of Performance Food Group (NYSE:PFGC) opened at 28.45 on Friday. The company has a market capitalization of $2.96 billion, a PE ratio of 30.59 and a beta of -0.28. Performance Food Group has a 52 week low of $19.95 and a 52 week high of $29.90. 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 quarterly earnings data on Wednesday, August 16th. The restaurant operator reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.02). The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.46 billion. Performance Food Group had a return on equity of 14.73% and a net margin of 0.57%. Performance Food Group’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. Equities research analysts expect that Performance Food Group will post $1.43 EPS for the current year.
A number of analysts have recently commented on the company. Zacks Investment Research raised Performance Food Group from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, June 14th. BMO Capital Markets set a $30.00 price target on Performance Food Group and gave the company a “buy” rating in a research note on Tuesday, June 27th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Performance Food Group in a research note on Tuesday, August 8th. Royal Bank Of Canada set a $27.00 price target on Performance Food Group and gave the company a “hold” rating in a research note on Tuesday, August 15th. Finally, BidaskClub raised Performance Food Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Performance Food Group currently has a consensus rating of “Hold” and an average target price of $29.20.
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In other Performance Food Group news, insider James D. Hope bought 3,575 shares of the stock in a transaction on Friday, August 25th. The stock was acquired at an average cost of $26.99 per share, for a total transaction of $96,489.25. Following the completion of the acquisition, the insider now owns 65,480 shares in the company, valued at approximately $1,767,305.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.
About Performance Food Group
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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