Zacks Investment Research lowered shares of Performance Food Group (NYSE:PFGC) from a hold rating to a sell rating in a report published on Tuesday, Zacks.com reports.

According to Zacks, “Performance Food Group Company markets and distributes food and food-related products. Its operating segment consists of Foodservice, Vistar, and PFG Customized. Foodservice segment offers appetizers and soups, beverages, canned and dry foods, cheese, dairy products and eggs, desserts and breads, dressing sauces and oils, non-foods, pizzas and pastas, prepared foods, produce and vegetables and seafood products. Vistar segment offers candies, gum and mints, snacks, cold beverages, frozen products, coffees, ice creams, frozen and refrigerated entrees, disposables, cleaners and more. PFG Customized segment offers seafood, meats, produce, dairy products and smallwares. The company serves independent and national chain restaurants, quick-service eateries, pizzerias, theaters, schools, hotels, healthcare facilities and other institutions. Performance Food Group Company is headquartered in Richmond, Virginia. “

A number of other equities analysts also recently commented on PFGC. Bank of America restated a buy rating and set a C$10.00 price objective on shares of Hexo in a research report on Wednesday, April 17th. BMO Capital Markets upped their price objective on shares of Cogeco Communications from C$95.00 to C$100.00 in a research report on Friday, July 12th. Finally, Loop Capital set a $48.00 price objective on shares of Performance Food Group and gave the stock a buy rating in a research report on Friday, July 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $41.20.

PFGC stock opened at $42.30 on Tuesday. The firm has a fifty day simple moving average of $40.73. Performance Food Group has a 12 month low of $28.05 and a 12 month high of $43.78. The stock has a market cap of $4.49 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 1.83 and a beta of 0.66. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.75 and a current ratio of 1.45.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, May 8th. The food distribution company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The firm had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.67 billion. Performance Food Group had a return on equity of 14.91% and a net margin of 0.91%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, research analysts anticipate that Performance Food Group will post 1.78 EPS for the current year.

In other news, insider Patrick T. Hagerty sold 7,450 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $40.85, for a total value of $304,332.50. Following the completion of the transaction, the insider now owns 169,006 shares in the company, valued at approximately $6,903,895.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patrick T. Hagerty sold 7,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $38.99, for a total transaction of $272,930.00. Following the completion of the transaction, the insider now owns 155,006 shares of the company’s stock, valued at approximately $6,043,683.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,450 shares of company stock valued at $858,803. 3.80% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank purchased a new position in shares of Performance Food Group in the fourth quarter worth about $220,000. PNC Financial Services Group Inc. increased its holdings in shares of Performance Food Group by 55.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,956 shares of the food distribution company’s stock worth $128,000 after buying an additional 1,415 shares during the period. Advisor Group Inc. increased its holdings in shares of Performance Food Group by 19.8% in the fourth quarter. Advisor Group Inc. now owns 1,834 shares of the food distribution company’s stock worth $59,000 after buying an additional 303 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Performance Food Group by 15.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 12,562 shares of the food distribution company’s stock worth $391,000 after buying an additional 1,642 shares during the period. Finally, United Services Automobile Association increased its holdings in shares of Performance Food Group by 8.2% in the fourth quarter. United Services Automobile Association now owns 16,778 shares of the food distribution company’s stock worth $541,000 after buying an additional 1,277 shares during the period. Institutional investors and hedge funds own 95.72% of the company’s stock.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.

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