Performance Food Group Co (PFGC) Stock Rating Reaffirmed by BMO Capital Markets

BMO Capital Markets restated their buy rating on shares of Performance Food Group Co (NYSE:PFGC) in a report issued on Thursday, May 4th. The firm currently has a $28.00 price target on the restaurant operator’s stock.

Other equities analysts have also recently issued reports about the stock. Guggenheim reaffirmed a buy rating and issued a $29.00 price objective on shares of Performance Food Group in a research note on Wednesday, February 8th. Goldman Sachs Group Inc reiterated a buy rating and issued a $29.00 target price (down from $30.00) on shares of Performance Food Group in a report on Friday, March 17th. Barclays PLC lowered shares of Performance Food Group from an overweight rating to an equal weight rating and dropped their price objective for the stock from $28.00 to $25.00 in a report on Tuesday, January 24th. Wells Fargo & Co reiterated a hold rating on shares of Performance Food Group in a research note on Wednesday, February 8th. Finally, Zacks Investment Research upgraded shares of Performance Food Group from a sell rating to a hold rating in a research note on Wednesday, January 11th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $28.33.

Performance Food Group (NYSE:PFGC) traded up 0.634% on Thursday, hitting $27.775. The stock had a trading volume of 399,212 shares. The company’s 50-day moving average is $25.04 and its 200-day moving average is $23.69. Performance Food Group has a one year low of $19.95 and a one year high of $29.13. The stock has a market cap of $2.88 billion, a P/E ratio of 33.343 and a beta of -0.63.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, May 10th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Performance Food Group had a net margin of 0.45% and a return on equity of 12.86%. The firm had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same period last year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts anticipate that Performance Food Group will post $1.26 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PFGC. BlackRock Inc. increased its position in Performance Food Group by 1.0% in the third quarter. BlackRock Inc. now owns 17,411 shares of the restaurant operator’s stock valued at $432,000 after buying an additional 169 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Performance Food Group during the fourth quarter valued at approximately $629,000. FMR LLC increased its stake in shares of Performance Food Group by 182.3% in the fourth quarter. FMR LLC now owns 2,757,789 shares of the restaurant operator’s stock valued at $66,186,000 after buying an additional 1,780,989 shares in the last quarter. Three Peaks Capital Management LLC increased its stake in shares of Performance Food Group by 3.4% in the third quarter. Three Peaks Capital Management LLC now owns 254,392 shares of the restaurant operator’s stock valued at $6,309,000 after buying an additional 8,392 shares in the last quarter. Finally, BlackRock Investment Management LLC increased its stake in shares of Performance Food Group by 1.6% in the third quarter. BlackRock Investment Management LLC now owns 140,053 shares of the restaurant operator’s stock valued at $3,473,000 after buying an additional 2,233 shares in the last quarter. Hedge funds and other institutional investors own 80.99% 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.

5 Day Chart for NYSE:PFGC

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