Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Performance Food Group (PFGC) Share Price
News coverage about Performance Food Group (NYSE:PFGC) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Performance Food Group earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the restaurant operator an impact score of 46.854006067037 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Performance Food Group (NYSE PFGC) traded up $0.95 during midday trading on Thursday, hitting $28.40. 798,526 shares of the company’s stock were exchanged, compared to its average volume of 778,269. The company has a market capitalization of $2,919.40, a PE ratio of 21.30, a PEG ratio of 1.07 and a beta of -0.28. Performance Food Group has a 12-month low of $19.95 and a 12-month high of $29.90. The company has a current ratio of 1.55, a quick ratio of 0.80 and a debt-to-equity ratio of 1.42.
Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. Performance Food Group had a net margin of 0.62% and a return on equity of 15.02%. The company had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Performance Food Group’s revenue for the quarter was up 7.9% on a year-over-year basis. analysts expect that Performance Food Group will post 1.45 EPS for the current year.
A number of brokerages have recently issued reports on PFGC. BMO Capital Markets boosted their price objective on Performance Food Group from $30.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, September 13th. Morgan Stanley boosted their price objective on Performance Food Group from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 13th. TheStreet upgraded Performance Food Group from a “c” rating to a “b-” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded Performance Food Group from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Thursday, October 5th. Finally, BidaskClub upgraded Performance Food Group from a “hold” rating to a “buy” rating in a report on Monday, September 18th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $30.88.
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In other news, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $28.25, for a total transaction of $141,250,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Craig Howard Hoskins sold 4,450 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $27.81, for a total transaction of $123,754.50. Following the transaction, the insider now owns 175,993 shares in the company, valued at approximately $4,894,365.33. The disclosure for this sale can be found here. Corporate insiders own 3.70% 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.
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