Performance Food Group Company (NYSE:PFGC) has been given a $30.00 price objective by stock analysts at BMO Capital Markets in a research note issued on Friday. The firm currently has a “buy” rating on the restaurant operator’s stock. BMO Capital Markets’ price target suggests a potential upside of 8.30% from the stock’s previous close.

Several other equities analysts have also issued reports on PFGC. Zacks Investment Research raised Performance Food Group from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Friday, May 12th. Barclays PLC reissued a “hold” rating and set a $28.00 target price on shares of Performance Food Group in a research note on Friday, May 12th. Loop Capital started coverage on Performance Food Group in a research note on Monday, May 15th. They set a “buy” rating and a $35.00 target price on the stock. Jefferies Group LLC reissued a “hold” rating on shares of Performance Food Group in a research note on Tuesday, May 16th. Finally, Royal Bank Of Canada set a $27.00 target price on Performance Food Group and gave the stock a “hold” rating in a research note on Tuesday, May 16th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $28.31.

Shares of Performance Food Group (NYSE PFGC) traded down 0.72% during trading on Friday, hitting $27.70. The stock had a trading volume of 376,125 shares. Performance Food Group has a 12 month low of $19.95 and a 12 month high of $29.25. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 32.98 and a beta of -0.31. The company’s 50 day moving average price is $27.82 and its 200 day moving average price is $25.40.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, May 10th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Performance Food Group had a return on equity of 13.92% and a net margin of 0.51%. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the company earned $0.15 EPS. Performance Food Group’s revenue was up 8.3% on a year-over-year basis. Equities research analysts expect that Performance Food Group will post $1.26 earnings per share for the current fiscal year.

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In related news, insider James D. Hope purchased 1,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $27.60 per share, for a total transaction of $27,600.00. Following the acquisition, the insider now directly owns 64,657 shares in the company, valued at $1,784,533.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Howard Hoskins sold 7,600 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $27.66, for a total value of $210,216.00. Following the sale, the insider now owns 183,581 shares in the company, valued at approximately $5,077,850.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,810,265 shares of company stock worth $378,625,068. 3.50% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of PFGC. Public Employees Retirement System of Ohio increased its stake in shares of Performance Food Group by 37.2% in the first quarter. Public Employees Retirement System of Ohio now owns 4,603 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 1,247 shares during the period. SG Americas Securities LLC bought a new stake in shares of Performance Food Group during the second quarter valued at $118,000. Great West Life Assurance Co. Can increased its stake in shares of Performance Food Group by 187.0% in the first quarter. Great West Life Assurance Co. Can now owns 6,600 shares of the restaurant operator’s stock valued at $156,000 after buying an additional 4,300 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Performance Food Group by 85.2% in the first quarter. Advisors Asset Management Inc. now owns 8,058 shares of the restaurant operator’s stock valued at $192,000 after buying an additional 3,706 shares during the period. Finally, Atria Investments LLC bought a new stake in shares of Performance Food Group during the second quarter valued at $252,000. Institutional investors own 81.67% of the company’s stock.

Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.

Analyst Recommendations for Performance Food Group (NYSE:PFGC)

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