Performance Food Group Company (NYSE:PFGC) had its price objective hoisted by equities researchers at BMO Capital Markets from $30.00 to $33.00 in a research report issued on Wednesday. The firm presently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price objective suggests a potential upside of 14.19% from the company’s current price.

PFGC has been the topic of a number of other reports. BidaskClub downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Guggenheim reaffirmed a “buy” rating and issued a $33.00 target price (up from $31.00) on shares of Performance Food Group in a research report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada set a $27.00 target price on shares of Performance Food Group and gave the company a “hold” rating in a research report on Tuesday, May 16th. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of Performance Food Group in a research report on Tuesday, May 16th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.20.

Performance Food Group (PFGC) traded up 2.94% during trading on Wednesday, reaching $29.75. 596,663 shares of the company’s stock traded hands. The company has a market cap of $3.10 billion, a PE ratio of 31.99 and a beta of -0.28. Performance Food Group has a 12-month low of $19.95 and a 12-month high of $29.75. The company has a 50 day moving average price of $27.76 and a 200-day moving average price of $26.31.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, August 16th. The restaurant operator reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.02). Performance Food Group had a net margin of 0.57% and a return on equity of 14.73%. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the prior year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities research analysts forecast that Performance Food Group will post $1.43 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Performance Food Group Company (PFGC) Price Target Increased to $33.00 by Analysts at BMO Capital Markets” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/13/performance-food-group-company-pfgc-price-target-increased-to-33-00-by-analysts-at-bmo-capital-markets.html.

In related news, insider James D. Hope bought 3,575 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average cost of $26.99 per share, with a total value of $96,489.25. Following the transaction, the insider now directly owns 65,480 shares of the company’s stock, valued at approximately $1,767,305.20. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Insight Capital Research & Management Inc. acquired a new stake in Performance Food Group during the 2nd quarter worth $1,004,000. KDI Capital Partners LLC acquired a new stake in Performance Food Group during the 1st quarter worth $3,127,000. UBS Asset Management Americas Inc. boosted its stake in Performance Food Group by 326.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 37,487 shares of the restaurant operator’s stock worth $892,000 after purchasing an additional 28,700 shares during the period. Victory Capital Management Inc. boosted its stake in Performance Food Group by 154.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,788,521 shares of the restaurant operator’s stock worth $42,567,000 after purchasing an additional 1,085,701 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Performance Food Group by 56.9% during the 1st quarter. Vanguard Group Inc. now owns 5,780,990 shares of the restaurant operator’s stock worth $137,588,000 after purchasing an additional 2,095,631 shares during the period. 79.07% of the stock is currently owned by hedge funds and other 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)

Receive News & Stock Ratings for Performance Food Group Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Performance Food Group Company and related stocks with our FREE daily email newsletter.