Performance Food Group (NYSE:PFGC) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Performance Food Group (NYSE:PFGC) from a buy rating to a hold rating in a research note issued to investors on Thursday.

PFGC has been the topic of several other research reports. UBS Group lifted their price objective on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday. Barclays boosted their price target on shares of Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Guggenheim lifted their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets increased their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $94.50.

Performance Food Group Price Performance

Shares of Performance Food Group stock opened at $85.97 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.76. The company has a market cap of $13.40 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 0.88 and a beta of 1.44. The firm has a fifty day moving average price of $78.82 and a two-hundred day moving average price of $72.15. Performance Food Group has a fifty-two week low of $59.35 and a fifty-two week high of $89.00.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The company had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $15.22 billion. During the same quarter in the previous year, the business posted $1.15 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts expect that Performance Food Group will post 4.84 EPS for the current year.

Insider Transactions at Performance Food Group

In other news, insider George L. Holm sold 63,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $73.53, for a total value of $4,669,155.00. Following the transaction, the insider now directly owns 531,556 shares of the company’s stock, valued at $39,085,312.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider George L. Holm sold 63,500 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $73.53, for a total value of $4,669,155.00. Following the completion of the sale, the insider now directly owns 531,556 shares in the company, valued at approximately $39,085,312.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kimberly Grant sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total transaction of $294,440.00. Following the transaction, the director now owns 10,184 shares in the company, valued at approximately $749,644.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,500 shares of company stock valued at $7,426,075. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of Performance Food Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc lifted its holdings in Performance Food Group by 3.2% during the 3rd quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock worth $354,000 after buying an additional 139 shares in the last quarter. Creative Planning raised its position in shares of Performance Food Group by 1.2% during the third quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock worth $916,000 after acquiring an additional 140 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Performance Food Group by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company’s stock worth $469,000 after acquiring an additional 160 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Performance Food Group by 0.4% during the second quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company’s stock valued at $3,044,000 after acquiring an additional 186 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in Performance Food Group by 1.9% in the first quarter. First Eagle Investment Management LLC now owns 10,971 shares of the food distribution company’s stock valued at $819,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 96.87% 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 in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.