According to Zacks, “Performance Food Group Company markets and distributes food and food-related products. Its operating segment consists of Foodservice, Vistar, and PFG Customized. Foodservice segment offers appetizers and soups, beverages, canned and dry foods, cheese, dairy products and eggs, desserts and breads, dressing sauces and oils, non-foods, pizzas and pastas, prepared foods, produce and vegetables and seafood products. Vistar segment offers candies, gum and mints, snacks, cold beverages, frozen products, coffees, ice creams, frozen and refrigerated entrees, disposables, cleaners and more. PFG Customized segment offers seafood, meats, produce, dairy products and smallwares. The company serves independent and national chain restaurants, quick-service eateries, pizzerias, theaters, schools, hotels, healthcare facilities and other institutions. Performance Food Group Company is headquartered in Richmond, Virginia. “
A number of other research analysts have also recently commented on PFGC. Guggenheim restated a “buy” rating and set a $50.00 price target (up previously from $46.00) on shares of Performance Food Group in a research note on Thursday, August 15th. Wells Fargo & Co restated a “buy” rating on shares of Performance Food Group in a research note on Friday, September 27th. BMO Capital Markets raised their price target on shares of Performance Food Group to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, August 15th. ValuEngine upgraded shares of Performance Food Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Buckingham Research raised their price target on shares of Performance Food Group from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $48.10.
Shares of NYSE PFGC traded down $1.61 during mid-day trading on Friday, hitting $44.14. The company had a trading volume of 706,952 shares, compared to its average volume of 630,763. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.57 and a quick ratio of 0.77. The business’s 50-day simple moving average is $44.07 and its 200-day simple moving average is $42.74. Performance Food Group has a 12 month low of $30.07 and a 12 month high of $47.26. The firm has a market cap of $4.56 billion, a P/E ratio of 23.86, a PEG ratio of 1.89 and a beta of 0.60.
Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, November 6th. The food distribution company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.15. The business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.10 billion. Performance Food Group had a net margin of 0.84% and a return on equity of 15.86%. The firm’s revenue was up 37.5% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. As a group, sell-side analysts predict that Performance Food Group will post 1.98 EPS for the current year.
In other news, insider Christine R. Vlahcevic sold 7,879 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $45.27, for a total transaction of $356,682.33. Following the completion of the sale, the insider now owns 19,807 shares of the company’s stock, valued at $896,662.89. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Patrick T. Hagerty sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $46.57, for a total transaction of $325,990.00. Following the sale, the insider now directly owns 138,406 shares of the company’s stock, valued at approximately $6,445,567.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,888 shares of company stock valued at $1,429,538. Corporate insiders own 3.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Performance Food Group by 0.4% during the second quarter. Vanguard Group Inc. now owns 9,600,219 shares of the food distribution company’s stock worth $384,297,000 after buying an additional 35,898 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Performance Food Group by 17.2% during the second quarter. BlackRock Inc. now owns 8,872,029 shares of the food distribution company’s stock worth $355,150,000 after buying an additional 1,301,033 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Performance Food Group by 8.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,555,700 shares of the food distribution company’s stock worth $71,578,000 after buying an additional 115,035 shares in the last quarter. GW&K Investment Management LLC increased its holdings in shares of Performance Food Group by 9.2% in the third quarter. GW&K Investment Management LLC now owns 1,510,039 shares of the food distribution company’s stock valued at $69,477,000 after purchasing an additional 127,096 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Performance Food Group by 0.8% in the second quarter. Northern Trust Corp now owns 1,308,821 shares of the food distribution company’s stock valued at $52,392,000 after purchasing an additional 10,068 shares in the last quarter. 97.15% of the stock is owned by institutional investors.
About Performance Food Group
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, including 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 beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.
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