Performance Food Group Company (PFGC) PT Set at $30.00 by BMO Capital Markets
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.
TRADEMARK VIOLATION WARNING: “Performance Food Group Company (PFGC) PT Set at $30.00 by BMO Capital Markets” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/08/06/performance-food-group-company-pfgc-pt-set-at-30-00-by-bmo-capital-markets.html.
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.
Receive News & Ratings for Performance Food Group Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Performance Food Group Company and related companies with MarketBeat.com's FREE daily email newsletter.