StockNews.com downgraded shares of Performance Food Group (NYSE:PFGC – Free Report) from a buy rating to a hold rating in a research note published on Tuesday.
Several other equities research analysts also recently weighed in on the stock. UBS Group raised their target price on shares of Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their target price on shares of Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Morgan Stanley restated an “equal weight” rating and issued a $92.00 target price on shares of Performance Food Group in a research note on Monday, October 28th. Barclays raised their target price on shares of Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group lifted their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Performance Food Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.33.
Get Our Latest Stock Report on PFGC
Performance Food Group Stock Performance
Performance Food Group (NYSE:PFGC – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.06). The business had revenue of $15.42 billion for the quarter, compared to analysts’ expectations of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.15 earnings per share. On average, sell-side analysts anticipate that Performance Food Group will post 4.73 EPS for the current fiscal year.
Insider Buying and Selling
In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction on Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the transaction, the insider now owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFGC. Blue Trust Inc. increased its holdings in Performance Food Group by 281.4% in the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after buying an additional 242 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Performance Food Group in the third quarter valued at $26,000. Venturi Wealth Management LLC increased its holdings in Performance Food Group by 203.0% in the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after buying an additional 274 shares in the last quarter. UMB Bank n.a. increased its holdings in Performance Food Group by 414.8% in the third quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock valued at $36,000 after buying an additional 365 shares in the last quarter. Finally, V Square Quantitative Management LLC purchased a new position in Performance Food Group in the third quarter valued at $36,000. Hedge funds and other institutional investors own 96.87% 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 through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.
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