Performance Food Group Company (NYSE:PFGC) has received a consensus rating of “Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $31.25.

PFGC has been the topic of several research analyst reports. BidaskClub lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Guggenheim reiterated a “buy” rating and set a $33.00 price target (up from $31.00) on shares of Performance Food Group in a research note on Wednesday, September 6th. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Tuesday, December 19th. Loop Capital set a $35.00 price objective on shares of Performance Food Group and gave the stock a “buy” rating in a research report on Friday, December 15th. Finally, TheStreet raised shares of Performance Food Group from a “c” rating to a “b-” rating in a research report on Monday, October 2nd.

Shares of Performance Food Group (NYSE:PFGC) traded up $0.15 during trading hours on Tuesday, reaching $32.40. 467,200 shares of the company traded hands, compared to its average volume of 817,237. Performance Food Group has a 12-month low of $21.70 and a 12-month high of $32.50. 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 firm has a market cap of $3,390.27, a price-to-earnings ratio of 31.46, a P/E/G ratio of 1.24 and a beta of -0.21.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.27 EPS for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $4.37 billion. During the same period last year, the business earned $0.20 EPS. Performance Food Group’s revenue for the quarter was up 7.9% compared to the same quarter last year. research analysts anticipate that Performance Food Group will post 1.45 EPS for the current fiscal year.

In other news, Director William F. Dawson, Jr. sold 5,000,000 shares of Performance Food Group stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $28.03, for a total value of $140,150,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Craig Howard Hoskins sold 4,450 shares of Performance Food Group stock in a transaction dated Friday, November 10th. The shares were 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 directly owns 175,993 shares in the company, valued at approximately $4,894,365.33. The disclosure for this sale can be found here. Insiders have sold a total of 11,277,364 shares of company stock worth $326,453,842 over the last three months. 3.70% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Performance Food Group in the second quarter valued at about $118,000. Pacad Investment Ltd. boosted its holdings in shares of Performance Food Group by 880.0% in the second quarter. Pacad Investment Ltd. now owns 4,900 shares of the restaurant operator’s stock valued at $134,000 after acquiring an additional 4,400 shares in the last quarter. Strs Ohio boosted its holdings in shares of Performance Food Group by 4,700.0% in the third quarter. Strs Ohio now owns 4,800 shares of the restaurant operator’s stock valued at $135,000 after acquiring an additional 4,700 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Performance Food Group during the second quarter worth about $141,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in 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 worth $158,000 after buying an additional 1,177 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

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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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