BidaskClub cut shares of Performance Food Group Company (NYSE:PFGC) from a strong-buy rating to a buy rating in a report published on Saturday morning.

Other research analysts have also issued research reports about the company. Guggenheim raised their target price on Performance Food Group from $20.00 to $30.00 in a report on Friday, June 16th. Zacks Investment Research upgraded Performance Food Group 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. BMO Capital Markets restated a buy rating and issued a $28.00 target price on shares of Performance Food Group in a report on Thursday, May 4th. Loop Capital started coverage on Performance Food Group in a report on Monday, May 15th. They issued a buy rating and a $35.00 target price on the stock. Finally, Royal Bank Of Canada set a $27.00 target price on Performance Food Group and gave the company a hold rating in a report on Tuesday, May 16th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $28.31.

Performance Food Group (PFGC) opened at 28.00 on Friday. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 33.61 and a beta of -0.31. Performance Food Group has a 52-week low of $19.95 and a 52-week high of $29.25. The firm’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 for the quarter, beating the Zacks’ 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 company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter last year, the company earned $0.15 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities research analysts anticipate that Performance Food Group will post $1.26 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was posted by Daily Political and is owned by of Daily Political. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/08/08/bidaskclub-lowers-performance-food-group-company-nysepfgc-to-buy.html.

In related news, insider Craig Howard Hoskins sold 7,600 shares of Performance Food Group stock in a transaction on Friday, May 19th. The stock was sold at an average price of $27.66, for a total transaction of $210,216.00. Following the sale, the insider now directly owns 183,581 shares in the company, valued at $5,077,850.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider George L. Holm sold 102,200 shares of Performance Food Group stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $28.23, for a total value of $2,885,106.00. Following the sale, the insider now owns 2,040,936 shares in the company, valued at $57,615,623.28. The disclosure for this sale can be found here. Insiders have sold 13,810,265 shares of company stock worth $378,625,068 over the last quarter. 3.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of PFGC. Public Employees Retirement System of Ohio raised 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 worth $110,000 after buying an additional 1,247 shares during the period. SG Americas Securities LLC purchased a new stake in Performance Food Group during the second quarter worth about $118,000. Great West Life Assurance Co. Can increased its stake in 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 worth $156,000 after buying an additional 4,300 shares in the last quarter. Advisors Asset Management Inc. increased its stake in 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 worth $192,000 after buying an additional 3,706 shares in the last quarter. Finally, Atria Investments LLC purchased a new stake in Performance Food Group during the second quarter worth about $252,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

About Performance Food Group

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)

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.