Performance Food Group Company (NYSE:PFGC) shares shot up 5.4% during mid-day trading on Tuesday . The company traded as high as $31.25 and last traded at $31.15. 735,100 shares were traded during trading, a decline of 7% from the average session volume of 794,255 shares. The stock had previously closed at $29.55.

A number of brokerages recently issued reports on PFGC. BidaskClub raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Wells Fargo & Company reissued a “hold” rating on shares of Performance Food Group in a research report on Thursday, August 17th. Royal Bank Of Canada set a $27.00 price target on shares of Performance Food Group and gave the company a “hold” rating in a research report on Tuesday, August 15th. Morgan Stanley lifted their price target on shares of Performance Food Group from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 13th. Finally, TheStreet cut shares of Performance Food Group from a “b-” rating to a “c” rating in a research report on Monday, November 27th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $30.88.

The company has a debt-to-equity ratio of 1.42, a current ratio of 1.55 and a quick ratio of 0.80. The company has a market cap of $3,123.45, a price-to-earnings ratio of 22.79, a PEG ratio of 1.14 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 consensus estimate of $0.25 by $0.02. The business had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Performance Food Group had a net margin of 0.62% and a return on equity of 15.02%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 earnings per share. sell-side analysts anticipate that Performance Food Group Company will post 1.45 EPS for the current fiscal year.

In other news, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of Performance Food Group stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Craig Howard Hoskins sold 4,450 shares of Performance Food Group stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $27.81, for a total transaction of $123,754.50. Following the completion of the sale, the insider now owns 175,993 shares of the company’s stock, valued at $4,894,365.33. The disclosure for this sale can be found here. Insiders sold 10,004,450 shares of company stock valued at $281,523,755 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in shares of Performance Food Group in the third quarter worth approximately $3,204,000. California Public Employees Retirement System grew its stake in shares of Performance Food Group by 22.2% in the third quarter. California Public Employees Retirement System now owns 48,386 shares of the restaurant operator’s stock worth $1,367,000 after acquiring an additional 8,786 shares during the period. Janus Henderson Group PLC bought a new stake in shares of Performance Food Group in the third quarter worth approximately $3,955,000. California State Teachers Retirement System grew its stake in shares of Performance Food Group by 8.5% in the third quarter. California State Teachers Retirement System now owns 136,708 shares of the restaurant operator’s stock worth $3,862,000 after acquiring an additional 10,712 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC grew its stake in shares of Performance Food Group by 1.4% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 793,080 shares of the restaurant operator’s stock worth $22,405,000 after acquiring an additional 10,895 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

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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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