Analysts at BMO Capital Markets initiated coverage on shares of Performance Food Group Co. (NYSE:PFGC) in a report released on Thursday. The firm set an “outperform” rating on the stock.

Other equities analysts also recently issued reports about the company. Barclays PLC began coverage on 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. Zacks Investment Research raised Performance Food Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, July 6th. Pivotal Research lowered their price objective on 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, Wells Fargo & Co. reissued a “hold” rating on shares of Performance Food Group in a research report on Thursday, August 18th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Performance Food Group has an average rating of “Buy” and a consensus price target of $26.86.

Analyst Recommendations for Performance Food Group (NYSE:PFGC)

Performance Food Group (NYSE:PFGC) opened at 25.10 on Thursday. The firm’s 50-day moving average is $24.96 and its 200-day moving average is $25.57. Performance Food Group has a 52-week low of $20.00 and a 52-week high of $28.13. The stock has a market capitalization of $2.59 billion and a price-to-earnings ratio of 35.86.

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

A number of institutional investors have recently made changes to their positions in the stock. 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 worth $96,312,000 after buying an additional 1,887,050 shares during the period. Vanguard Group Inc. increased its position 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 worth $69,821,000 after buying an additional 1,195,674 shares during the period. TimesSquare Capital Management LLC acquired a new position in shares of Performance Food Group during the second quarter worth about $30,015,000. FMR LLC acquired a new position in shares of Performance Food Group during the second quarter worth about $26,286,000. Finally, JPMorgan Chase & Co. increased its position 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 worth $63,314,000 after buying an additional 867,120 shares during the period. 77.32% of the stock is owned by hedge funds and other 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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