Performance Food Group Company (NYSE:PFGC) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.

A number of other brokerages also recently commented on PFGC. Guggenheim reissued a “buy” rating and set a $26.80 price objective on shares of Performance Food Group in a research report on Tuesday, June 27th. Loop Capital initiated coverage on Performance Food Group in a research report on Monday, May 15th. They set a “buy” rating and a $35.00 price objective for the company. Barclays PLC reissued a “hold” rating and set a $28.00 price objective on shares of Performance Food Group in a research report on Friday, May 12th. Wells Fargo & Company reissued a “buy” rating on shares of Performance Food Group in a research report on Tuesday. Finally, Zacks Investment Research raised Performance Food Group from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, June 14th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Performance Food Group currently has an average rating of “Buy” and a consensus target price of $28.31.

Shares of Performance Food Group (NYSE:PFGC) opened at 26.95 on Friday. The stock has a 50 day moving average of $27.78 and a 200-day moving average of $25.58. Performance Food Group has a 12-month low of $19.95 and a 12-month high of $29.25. The company has a market capitalization of $2.80 billion, a PE ratio of 32.35 and a beta of -0.31.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, May 10th. The restaurant operator reported $0.27 EPS for the quarter, topping 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 business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the previous year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts predict that Performance Food Group will post $1.26 earnings per share for the current fiscal year.

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In other Performance Food Group news, insider James D. Hope purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average cost of $27.60 per share, with a total value of $27,600.00. Following the completion of the acquisition, the insider now directly owns 64,657 shares of the company’s stock, valued at approximately $1,784,533.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider George L. Holm sold 102,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $28.23, for a total value of $2,885,106.00. Following the completion of the transaction, the insider now directly owns 2,040,936 shares of the company’s stock, valued at $57,615,623.28. The disclosure for this sale can be found here. Insiders sold 13,810,265 shares of company stock valued at $378,625,068 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC acquired a new position in shares of Performance Food Group during the fourth quarter worth about $629,000. Norges Bank acquired a new position in shares of Performance Food Group during the fourth quarter worth about $8,880,000. Teachers Advisors LLC increased its position in shares of Performance Food Group by 31.7% in the fourth quarter. Teachers Advisors LLC now owns 80,236 shares of the restaurant operator’s stock worth $1,926,000 after buying an additional 19,313 shares during the period. Bank of Montreal Can increased its position in shares of Performance Food Group by 13.2% in the first quarter. Bank of Montreal Can now owns 491,389 shares of the restaurant operator’s stock worth $11,695,000 after buying an additional 57,199 shares during the period. Finally, Parametrica Management Ltd acquired a new position in shares of Performance Food Group during the first quarter worth about $380,000. 81.54% of the stock is owned by hedge funds and other institutional investors.

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)

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