Todays Report: The Performance Food Group Co. (PFGC) Now Covered by Analysts at BMO Capital Markets

The Performance Food Group Co. (PFGC) Now Covered by Analysts at BMO Capital Markets

Analysts at BMO Capital Markets started coverage on shares of Performance Food Group Co. (NYSE:PFGC) in a report released on Thursday, The Fly reports. The brokerage set an “outperform” rating on the stock.

PFGC has been the topic of a number of other reports. Barclays PLC started coverage on Performance Food Group in a report on Friday, September 23rd. They issued an “overweight” rating and a $28.00 price objective on the stock. Zacks Investment Research upgraded Performance Food Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Wednesday, July 6th. Pivotal Research cut their price objective on Performance Food Group from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, August 18th. Finally, Wells Fargo & Co. restated a “hold” rating on shares of Performance Food Group in a report on Thursday, August 18th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Performance Food Group currently has an average rating of “Buy” and an average price target of $26.86.

Performance Food Group (NYSE:PFGC) opened at 25.10 on Thursday. Performance Food Group has a one year low of $20.00 and a one year high of $28.13. The company has a 50-day moving average price of $24.96 and a 200-day moving average price of $25.57. The firm has a market capitalization of $2.59 billion and a P/E ratio of 35.86.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, August 17th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.02. Performance Food Group had a return on equity of 13.78% and a net margin of 0.42%. The business earned $4.37 million during the quarter, compared to analyst estimates of $398 million. During the same period in the previous year, the business posted $0.36 earnings per share. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities research analysts anticipate that Performance Food Group will post $1.27 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. Smith Asset Management Group LP bought a new stake in shares of Performance Food Group during the second quarter valued at approximately $122,000. Teacher Retirement System of Texas bought a new stake in shares of Performance Food Group during the second quarter valued at approximately $136,000. Legal & General Group Plc increased its stake in shares of Performance Food Group by 122.2% in the second quarter. Legal & General Group Plc now owns 5,716 shares of the company’s stock valued at $152,000 after buying an additional 3,144 shares during the last quarter. Strs Ohio increased its stake in shares of Performance Food Group by 9.3% in the second quarter. Strs Ohio now owns 5,900 shares of the company’s stock valued at $158,000 after buying an additional 500 shares during the last quarter. Finally, BlackRock Group LTD bought a new stake in shares of Performance Food Group during the second quarter valued at approximately $218,000. Institutional investors and hedge funds own 77.32% of the company’s stock.

About Performance Food Group

Performance Food Group Company is a foodservice distribution company. The Company markets and distributes approximately 150,000 food and food-related products from 67 distribution centers to around 150,000 customer locations across the United States. The Company operates through three business segments: Performance Foodservice, PFG Customized, and Vistar.

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