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.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bayesian Capital Management LP increased its stake in shares of Performance Food Group by 2.9% during the second quarter. Bayesian Capital Management LP now owns 8,900 shares of the restaurant operator’s stock valued at $244,000 after acquiring an additional 255 shares during the period. Macquarie Group Ltd. increased its stake in shares of Performance Food Group by 0.8% during the second quarter. Macquarie Group Ltd. now owns 89,813 shares of the restaurant operator’s stock valued at $2,461,000 after acquiring an additional 683 shares during the period. California Public Employees Retirement System increased its stake in shares of Performance Food Group by 2.1% during the second quarter. California Public Employees Retirement System now owns 39,600 shares of the restaurant operator’s stock valued at $1,085,000 after acquiring an additional 800 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Performance Food Group by 25.6% during the second quarter. Public Employees Retirement System of Ohio now owns 5,780 shares of the restaurant operator’s stock valued at $158,000 after acquiring an additional 1,177 shares during the period. Finally, Keybank National Association OH increased its stake in shares of Performance Food Group by 5.7% during the third quarter. Keybank National Association OH now owns 47,050 shares of the restaurant operator’s stock valued at $1,329,000 after acquiring an additional 2,525 shares during the period. Institutional investors and hedge funds own 82.36% 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.

Analyst Recommendations for Performance Food Group (NYSE:PFGC)

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