BidaskClub lowered shares of Performance Food Group Company (NYSE:PFGC) from a buy rating to a hold rating in a report published on Tuesday.

PFGC has been the topic of a number of other reports. Jefferies Group LLC reiterated a hold rating on shares of Performance Food Group in a research note on Tuesday, May 16th. Guggenheim increased their price objective on shares of Performance Food Group from $20.00 to $30.00 in a research note on Friday, June 16th. Royal Bank Of Canada set a $27.00 price objective on shares of Performance Food Group and gave the company a hold rating in a research note on Tuesday, May 16th. Zacks Investment Research downgraded shares of Performance Food Group from a buy rating to a hold rating in a research note on Wednesday, July 12th. Finally, BMO Capital Markets set a $30.00 price objective on shares of Performance Food Group and gave the company a buy rating in a research note on Tuesday, June 27th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Performance Food Group currently has an average rating of Hold and a consensus price target of $29.20.

Shares of Performance Food Group (NYSE PFGC) opened at 28.45 on Tuesday. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 30.59 and a beta of -0.28. The company’s 50-day moving average is $27.75 and its 200 day moving average is $26.41. Performance Food Group has a 52 week low of $19.95 and a 52 week high of $29.90.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Performance Food Group had a net margin of 0.57% and a return on equity of 14.73%. Performance Food Group’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 earnings per share. Analysts anticipate that Performance Food Group will post $1.43 EPS for the current fiscal year.

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In other Performance Food Group news, insider James D. Hope purchased 3,575 shares of Performance Food Group stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of $26.99 per share, for a total transaction of $96,489.25. Following the transaction, the insider now owns 65,480 shares in the company, valued at approximately $1,767,305.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of PFGC. Public Employees Retirement System of Ohio lifted its position in shares of Performance Food Group by 37.2% in the 1st 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 last quarter. SG Americas Securities LLC bought a new position in shares of Performance Food Group in the 2nd quarter worth about $118,000. Pacad Investment Ltd. lifted its position in shares of Performance Food Group by 880.0% in the 2nd quarter. Pacad Investment Ltd. now owns 4,900 shares of the restaurant operator’s stock worth $134,000 after buying an additional 4,400 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Performance Food Group in the 2nd quarter worth about $141,000. Finally, Great West Life Assurance Co. Can lifted its position in shares of Performance Food Group by 187.0% in the 1st 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 during the last quarter. Institutional investors own 79.07% 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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