Performance Food Group Co. (NYSE:PFGC) has received an average rating of “Buy” from the nine ratings firms that are presently covering the firm. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $26.86.

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Co. reissued a “hold” rating on shares of Performance Food Group in a research report on Thursday, August 18th. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Thursday, August 18th. Pivotal Research cut their price objective on shares of Performance Food Group from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, August 18th. Finally, Barclays PLC assumed coverage on shares of Performance Food Group in a research report on Friday, September 23rd. They set an “overweight” rating and a $28.00 price objective for the company.

Performance Food Group (NYSE:PFGC) traded up 1.29% during midday trading on Wednesday, reaching $25.13. The company’s stock had a trading volume of 65,607 shares. Performance Food Group has a one year low of $20.00 and a one year high of $28.13. The firm has a market cap of $2.60 billion and a P/E ratio of 35.90. The firm has a 50 day moving average price of $25.00 and a 200 day moving average price of $25.58.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.02. Performance Food Group had a net margin of 0.42% and a return on equity of 13.78%. The business had revenue of $4.37 million for the quarter, compared to the consensus estimate of $398 million. During the same period in the previous year, the firm earned $0.36 EPS. The company’s revenue was up 9.8% on a year-over-year basis. Equities research analysts forecast that Performance Food Group will post $1.27 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jennison Associates LLC increased its position in shares of Performance Food Group by 111.5% in the second quarter. Jennison Associates LLC now owns 3,579,053 shares of the company’s stock valued at $96,312,000 after buying an additional 1,887,050 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Performance Food Group by 85.5% in the second quarter. Vanguard Group Inc. now owns 2,594,609 shares of the company’s stock valued at $69,821,000 after buying an additional 1,195,674 shares during the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of Performance Food Group during the second quarter valued at approximately $30,015,000. FMR LLC bought a new stake in shares of Performance Food Group during the second quarter valued at approximately $26,286,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Performance Food Group by 58.4% in the second quarter. JPMorgan Chase & Co. now owns 2,352,764 shares of the company’s stock valued at $63,314,000 after buying an additional 867,120 shares during the last quarter. 77.32% of the stock is owned by institutional investors.

About Performance Food Group

Performance Food Group Company is a foodservice distribution company. The Company markets and distributes approximately 150,000 food and food-related products from 67 distribution centers to around 150,000 customer locations across the United States. The Company operates through three business segments: Performance Foodservice, PFG Customized, and Vistar.

5 Day Chart for NYSE:PFGC

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