BidaskClub upgraded shares of Performance Food Group Company (NYSE:PFGC) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Performance Food Group from a hold rating to a buy rating and set a $31.00 price target for the company in a research note on Wednesday, June 14th. BMO Capital Markets set a $30.00 price objective on shares of Performance Food Group and gave the stock a buy rating in a report on Tuesday, June 27th. Wells Fargo & Company reissued a buy rating on shares of Performance Food Group in a report on Tuesday, August 8th. Royal Bank Of Canada set a $27.00 price objective on shares of Performance Food Group and gave the stock a hold rating in a report on Tuesday, August 15th. Finally, Jefferies Group LLC reissued a hold rating on shares of Performance Food Group in a report on Tuesday, May 16th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Performance Food Group presently has a consensus rating of Buy and a consensus price target of $28.31.

Shares of Performance Food Group (PFGC) traded up 0.56% during trading on Thursday, hitting $26.95. 746,184 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $27.75 and a 200-day moving average price of $25.95. The stock has a market cap of $2.80 billion, a P/E ratio of 28.98 and a beta of -0.31. Performance Food Group has a one year low of $19.95 and a one year high of $29.25.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.02. Performance Food Group had a return on equity of 15.05% and a net margin of 0.57%. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts expect that Performance Food Group will post $1.43 EPS for the current fiscal year.

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In related news, insider James D. Hope acquired 3,575 shares of the business’s stock in a transaction on Friday, August 25th. The shares were bought at an average price of $26.99 per share, with a total value of $96,489.25. Following the completion of the acquisition, the insider now owns 65,480 shares in the company, valued at $1,767,305.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider George L. Holm sold 102,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $28.23, for a total transaction of $2,885,106.00. Following the sale, the insider now directly owns 2,040,936 shares in the company, valued at approximately $57,615,623.28. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. Bayesian Capital Management LP boosted its position in shares of Performance Food Group by 2.9% in the second quarter. Bayesian Capital Management LP now owns 8,900 shares of the restaurant operator’s stock worth $244,000 after buying an additional 255 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Performance Food Group by 0.8% in the second quarter. Macquarie Group Ltd. now owns 89,813 shares of the restaurant operator’s stock worth $2,461,000 after buying an additional 683 shares during the last quarter. UMB Bank N A MO boosted its position in shares of Performance Food Group by 5.3% in the first quarter. UMB Bank N A MO now owns 15,800 shares of the restaurant operator’s stock worth $376,000 after buying an additional 800 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Performance Food Group by 2.1% in the second quarter. California Public Employees Retirement System now owns 39,600 shares of the restaurant operator’s stock worth $1,085,000 after buying an additional 800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Performance Food Group by 25.6% in the second quarter. Public Employees Retirement System of Ohio now owns 5,780 shares of the restaurant operator’s stock worth $158,000 after buying an additional 1,177 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors.

Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.

Analyst Recommendations for Performance Food Group (NYSE:PFGC)

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