Performance Food Group Company (PFGC) Given Consensus Recommendation of “Buy” by Brokerages
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.
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.
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