Performance Food Group Company (PFGC) Receives $30.88 Average PT from Brokerages
Performance Food Group Company (NYSE:PFGC) has received an average rating of “Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $30.88.
PFGC has been the topic of a number of recent research reports. Wells Fargo & Company reissued a “buy” rating on shares of Performance Food Group in a report on Tuesday, August 8th. BidaskClub cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Royal Bank Of Canada set a $27.00 target price on shares of Performance Food Group and gave the stock a “hold” rating in a report on Tuesday, August 15th. Guggenheim reissued 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. Finally, Morgan Stanley raised their target price on shares of Performance Food Group from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 13th.
In related news, insider Craig Howard Hoskins sold 4,450 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $27.81, for a total transaction of $123,754.50. Following the transaction, the insider now owns 175,993 shares in the company, valued at $4,894,365.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William F. Dawson, Jr. sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $28.03, for a total transaction of $140,150,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,004,450 shares of company stock worth $281,523,755. Corporate insiders own 3.70% of the company’s stock.
Shares of Performance Food Group (NYSE:PFGC) traded up $0.60 during midday trading on Friday, reaching $30.45. 1,851,580 shares of the company’s stock were exchanged, compared to its average volume of 811,599. The company has a quick ratio of 0.80, a current ratio of 1.55 and a debt-to-equity ratio of 1.42. Performance Food Group has a 1 year low of $21.70 and a 1 year high of $31.25. The company has a market capitalization of $3,259.48, a PE ratio of 23.78, a P/E/G ratio of 1.19 and a beta of -0.21.
Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, November 8th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. Performance Food Group had a net margin of 0.62% and a return on equity of 15.02%. The firm had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the company posted $0.20 earnings per share. Performance Food Group’s revenue was up 7.9% on a year-over-year basis. research analysts anticipate that Performance Food Group will post 1.45 earnings per share for the current year.
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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.
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