Performance Food Group Co. (NYSE:PFGC) had its target price lowered by Pivotal Research from $25.00 to $21.00 in a research note published on Wednesday morning. The firm currently has a hold rating on the stock.

PFGC has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Performance Food Group from a strong-buy rating to a hold rating in a report on Wednesday, October 19th. Barclays PLC initiated coverage on shares of Performance Food Group in a report on Friday, September 23rd. They issued an overweight rating and a $28.00 price target on the stock. BMO Capital Markets initiated coverage on shares of Performance Food Group in a report on Thursday, October 13th. They issued an outperform rating and a $28.00 price target on the stock. Finally, Wells Fargo & Co. reissued a hold rating on shares of Performance Food Group in a report on Thursday, August 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $26.60.

Analyst Recommendations for Performance Food Group (NYSE:PFGC)

Shares of Performance Food Group (NYSE:PFGC) opened at 24.55 on Wednesday. The firm has a market capitalization of $2.54 billion and a P/E ratio of 36.37. Performance Food Group has a 52 week low of $20.00 and a 52 week high of $28.13. The firm’s 50-day moving average is $24.48 and its 200-day moving average is $25.57.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.03. The company earned $4 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Performance Food Group had a return on equity of 12.69% and a net margin of 0.42%. Performance Food Group’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. Equities analysts anticipate that Performance Food Group will post $1.25 EPS for the current year.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Performance Food Group by 1.0% in the third quarter. BlackRock Inc. now owns 17,411 shares of the company’s stock valued at $432,000 after buying an additional 169 shares in the last quarter. Swiss National Bank boosted its stake in shares of Performance Food Group by 0.4% in the third quarter. Swiss National Bank now owns 55,900 shares of the company’s stock valued at $1,386,000 after buying an additional 200 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Performance Food Group by 0.5% in the third quarter. Nationwide Fund Advisors now owns 66,090 shares of the company’s stock valued at $1,639,000 after buying an additional 360 shares in the last quarter. Strs Ohio boosted its stake in shares of Performance Food Group by 9.3% in the second quarter. Strs Ohio now owns 5,900 shares of the company’s stock valued at $158,000 after buying an additional 500 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Performance Food Group by 1.0% in the third quarter. First Trust Advisors LP now owns 54,303 shares of the company’s stock valued at $1,347,000 after buying an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 78.96% of the company’s stock.

Performance Food Group Company Profile

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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