TheStreet upgraded shares of Performance Food Group Company (NYSE:PFGC) from a c rating to a b- rating in a research note published on Monday.

Several other analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Performance Food Group from a hold rating to a buy rating and set a $32.00 target price for the company in a report on Thursday. BidaskClub downgraded shares of Performance Food Group from a buy rating to a hold rating in a report on Tuesday. BMO Capital Markets lifted their target price on shares of Performance Food Group from $30.00 to $33.00 and gave the company an outperform rating in a report on Wednesday, September 13th. Morgan Stanley lifted their target price on shares of Performance Food Group from $27.00 to $28.00 and gave the company an equal weight rating in a report on Wednesday, September 13th. Finally, Guggenheim reiterated a buy rating and issued a $33.00 target price (up previously from $31.00) on shares of Performance Food Group in a report on Wednesday, September 6th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $29.30.

Shares of Performance Food Group (NYSE:PFGC) traded up 0.18% on Monday, reaching $28.55. The company had a trading volume of 1,025,655 shares. The company’s 50 day moving average price is $28.09 and its 200-day moving average price is $26.93. The stock has a market capitalization of $2.97 billion, a P/E ratio of 30.70 and a beta of -0.27. Performance Food Group has a 1-year low of $19.95 and a 1-year high of $29.90.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same quarter last year, the business posted $0.38 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts predict that Performance Food Group will post $1.43 EPS for the current year.

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In other Performance Food Group news, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $28.25, for a total value of $141,250,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James D. Hope purchased 3,575 shares of the company’s stock in a transaction on Friday, August 25th. The stock was acquired at an average price of $26.99 per share, with a total value of $96,489.25. Following the purchase, the insider now owns 65,480 shares of the company’s stock, valued at $1,767,305.20. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.

Several hedge funds have recently modified their holdings of PFGC. Wells Fargo & Company MN grew its stake in shares of Performance Food Group by 58.9% during the first quarter. Wells Fargo & Company MN now owns 199,243 shares of the restaurant operator’s stock worth $4,742,000 after purchasing an additional 73,864 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Performance Food Group by 187.0% during the first quarter. Great West Life Assurance Co. Can now owns 6,600 shares of the restaurant operator’s stock worth $156,000 after purchasing an additional 4,300 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Performance Food Group by 158.1% during the first quarter. First Trust Advisors LP now owns 50,511 shares of the restaurant operator’s stock worth $1,202,000 after purchasing an additional 30,939 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Performance Food Group by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 386,191 shares of the restaurant operator’s stock worth $9,192,000 after purchasing an additional 21,179 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Performance Food Group by 56.1% during the first quarter. Swiss National Bank now owns 119,400 shares of the restaurant operator’s stock worth $2,842,000 after purchasing an additional 42,900 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

About Performance Food Group

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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