Performance Food Group (NYSE:PFGC) had its price objective raised by research analysts at BMO Capital Markets to $48.00 in a research note issued on Friday, The Fly reports. The firm presently has a “positive” rating on the food distribution company’s stock. BMO Capital Markets’ price target indicates a potential upside of 11.09% from the company’s previous close.
A number of other equities analysts have also issued reports on PFGC. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a report on Wednesday. Bank of America reaffirmed a “buy” rating and set a C$10.00 price target on shares of Hexo in a research note on Wednesday, April 17th. Finally, Loop Capital set a $48.00 price target on Performance Food Group and gave the company a “buy” rating in a research note on Friday, July 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $41.64.
Shares of PFGC stock opened at $43.21 on Friday. Performance Food Group has a 12-month low of $28.05 and a 12-month high of $43.78. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 1.87 and a beta of 0.66. The business has a 50 day simple moving average of $40.30. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.45 and a quick ratio of 0.75.
Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, May 8th. The food distribution company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Performance Food Group had a return on equity of 14.91% and a net margin of 0.91%. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.67 billion. During the same period last year, the company earned $0.34 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts forecast that Performance Food Group will post 1.78 EPS for the current fiscal year.
In other news, insider Patrick T. Hagerty sold 7,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $40.22, for a total transaction of $281,540.00. Following the completion of the sale, the insider now owns 148,506 shares in the company, valued at approximately $5,972,911.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Patrick T. Hagerty sold 7,450 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $40.85, for a total value of $304,332.50. Following the sale, the insider now owns 169,006 shares of the company’s stock, valued at approximately $6,903,895.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,450 shares of company stock valued at $858,803. 3.80% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in shares of Performance Food Group by 75.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 700 shares of the food distribution company’s stock valued at $28,000 after acquiring an additional 300 shares during the last quarter. Advisor Group Inc. lifted 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 valued at $59,000 after purchasing an additional 303 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of Performance Food Group by 8.2% in the fourth quarter. Brown Advisory Inc. now owns 7,237 shares of the food distribution company’s stock valued at $234,000 after purchasing an additional 546 shares in the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Performance Food Group by 1.5% in the first quarter. Commonwealth Bank of Australia now owns 68,900 shares of the food distribution company’s stock valued at $2,727,000 after purchasing an additional 1,000 shares in the last quarter. Finally, United Services Automobile Association lifted 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 valued at $541,000 after purchasing an additional 1,277 shares in the last quarter. Institutional investors own 95.71% 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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