They now have a Dollars 24 price target on the stock.
Performance Food Group Co was downgraded to "hold" by analysts at Jefferies. Its operating segment consists of Foodservice, Vistar, and PFG Customized. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products. Vistar segment offers sweets, 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. It sells to independent or street, and multi-unit or chain, restaurants and other institutions. RBC Capital Mkts analysts stated on 25/01/2017 that they launched coverage on this stock with Sector Perform rating. Goldman Sachs Group, Inc. (The) raised shares of Performance Food Group Company from a buy rating to a conviction-buy rating in a research report on Thursday, March 16th. Zacks Investment Research raised Performance Food Group Company from a hold rating to a buy rating and set a $31.00 target price on the stock in a report on Friday, May 12th. They set a "buy" rating and a $35.00 target price for the company. Barclays Capital initiated Performance Food Group Co (NYSE:PFGC) on Friday, September 23 with "Overweight" rating. Finally, Royal Bank Of Canada set a $27.00 target price on shares of Performance Food Group Company and gave the stock a "hold" rating in a research note on Tuesday, May 16th. Loop Capital analysts stated on 16/05/2017 that they launched coverage on this stock with Buy rating. Performance Food Group Company presently has a consensus rating of "Buy" and an average price target of $28.44.
Performance Food Group Company (NYSE:PFGC) traded up 0.53% during midday trading on Monday, hitting $28.40. Performance Food Group Company has a 52-week low of $19.95 and a 52-week high of $29.12. The firm has a 50-day moving average of $27.59 and a 200 day moving average of $24.48. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 34.09 and a beta of -0.36.
Pivotal Research initiated Performance Food Group Co (NYSE:PFGC) on Thursday, October 1 with "Hold" rating. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.25 by $0.02. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.11 billion.
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Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The business's revenue was up 8.3% on a year-over-year basis. Equities analysts anticipate that Performance Food Group Company will post $1.26 EPS for the current fiscal year. The stock of Performance Food Group Co (NYSE:PFGC) has "Hold" rating given on Thursday, August 18 by Pivotal Research. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and worldwide copyright & trademark laws.
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A number of other large investors have also modified their holdings of the stock. They now have a United States dollars 28 price target on the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider George L. Holm sold 102,200 shares of the company's stock in a transaction on Wednesday, May 31st. The stock was purchased at an average price of $27.60 per share, with a total value of $27,600.00. Following the transaction, the insider now owns 2,040,936 shares of the company's stock, valued at approximately $57,615,623.28. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 13,810,265 shares of company stock valued at $378,625,068.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Oconnor LLC purchased a new position in Performance Food Group Company during the first quarter valued at $4,165,000. Public Employees Retirement System of OH raised its position in Performance Food Group Company by 37.2% in the first quarter. FMR LLC now owns 2,757,789 shares of the restaurant operator's stock valued at $66,186,000 after buying an additional 1,780,989 shares during the last quarter. Foundation Asset Management LP acquired a new position in Performance Food Group Company during the fourth quarter valued at approximately $7,440,000. BlackRock Inc. now owns 17,411 shares of the restaurant operator's stock valued at $432,000 after buying an additional 169 shares during the last quarter. Company insiders own 3.50% of the company's stock.
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