Brokerages expect Performance Food Group (NYSE:PFGC) to announce earnings of $0.33 per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Performance Food Group’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.34. Performance Food Group reported earnings of $0.27 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 22.2%. The business is expected to report its next quarterly earnings results on Wednesday, May 9th.

According to Zacks, analysts expect that Performance Food Group will report full year earnings of $1.60 per share for the current year, with EPS estimates ranging from $1.59 to $1.60. For the next fiscal year, analysts expect that the business will post earnings of $1.98 per share, with EPS estimates ranging from $1.94 to $2.02. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Performance Food Group.

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Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, February 7th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Performance Food Group had a return on equity of 15.69% and a net margin of 1.24%. The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS.

Several equities analysts have recently weighed in on PFGC shares. BMO Capital Markets restated a “buy” rating and issued a $37.00 price objective on shares of Performance Food Group in a report on Wednesday, February 7th. Zacks Investment Research upgraded Performance Food Group from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Tuesday, December 19th. Loop Capital raised their price objective on Performance Food Group to $40.00 and gave the company a “positive” rating in a report on Friday, February 2nd. Pivotal Research restated a “hold” rating and issued a $31.00 price objective (down previously from $34.00) on shares of Performance Food Group in a report on Thursday, February 8th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 price objective on shares of Performance Food Group in a report on Tuesday, February 6th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Performance Food Group currently has an average rating of “Hold” and an average price target of $34.00.

PFGC stock opened at $30.65 on Thursday. The stock has a market cap of $3,120.01, a price-to-earnings ratio of 24.72, a PEG ratio of 0.90 and a beta of 0.32. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.67 and a quick ratio of 0.86. Performance Food Group has a 1 year low of $23.50 and a 1 year high of $35.25.

In related news, insider Craig Howard Hoskins sold 12,533 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $30.49, for a total value of $382,131.17. Following the completion of the sale, the insider now directly owns 149,744 shares in the company, valued at approximately $4,565,694.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. acquired a new stake in Performance Food Group during the fourth quarter worth approximately $240,000. Xact Kapitalforvaltning AB acquired a new stake in Performance Food Group during the fourth quarter worth approximately $376,000. We Are One Seven LLC acquired a new stake in Performance Food Group during the fourth quarter worth approximately $166,000. MetLife Investment Advisors LLC acquired a new stake in Performance Food Group during the fourth quarter worth approximately $1,310,000. Finally, Macquarie Group Ltd. lifted its position in Performance Food Group by 8.4% during the fourth quarter. Macquarie Group Ltd. now owns 101,076 shares of the restaurant operator’s stock worth $3,346,000 after acquiring an additional 7,797 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

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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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