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.