Shares of Performance Food Group Co. (NYSE:PFGC) have been given an average recommendation of “Hold” by the six analysts that are covering the stock. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.00.

PFGC has been the topic of several analyst reports. Barclays PLC initiated coverage on shares of Performance Food Group in a research note on Friday, September 23rd. They issued an “overweight” rating and a $28.00 target price on the stock. Pivotal Research reduced their price objective on shares of Performance Food Group from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, November 9th. BMO Capital Markets initiated coverage on shares of Performance Food Group in a research report on Thursday, October 13th. They set an “outperform” rating and a $28.00 price objective on the stock. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock 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.

Performance Food Group (NYSE:PFGC) traded up 1.586% on Wednesday, hitting $24.025. 251,635 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $24.48 and a 200-day moving average price of $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 cap of $2.48 billion and a P/E ratio of 35.593.

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

In other Performance Food Group news, insider David E. Flitman bought 46,700 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were purchased at an average price of $24.34 per share, for a total transaction of $1,136,678.00. Following the acquisition, the insider now owns 315,150 shares in the company, valued at approximately $7,670,751. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Swiss National Bank acquired a new stake in shares of Performance Food Group during the second quarter worth approximately $1,499,000. BlackRock Advisors LLC boosted its position in shares of Performance Food Group by 334.7% in the second quarter. BlackRock Advisors LLC now owns 96,154 shares of the company’s stock worth $2,588,000 after buying an additional 74,034 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Performance Food Group by 504.8% in the second quarter. Nationwide Fund Advisors now owns 65,730 shares of the company’s stock worth $1,769,000 after buying an additional 54,862 shares during the last quarter. Kalmar Investments Inc. DE boosted its position in shares of Performance Food Group by 5.6% in the second quarter. Kalmar Investments Inc. DE now owns 1,246,755 shares of the company’s stock worth $33,550,000 after buying an additional 65,950 shares during the last quarter. Finally, RS Investment Management Co. LLC boosted its position in shares of Performance Food Group by 14.0% in the second quarter. RS Investment Management Co. LLC now owns 910,382 shares of the company’s stock worth $24,498,000 after buying an additional 111,853 shares during the last quarter. Hedge funds and other institutional investors own 78.96% of the company’s stock.

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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