Shares of Performance Food Group Co (NYSE:PFGC) have received a consensus rating of “Buy” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $33.44.
Several research analysts have issued reports on PFGC shares. Wells Fargo & Co raised shares of Performance Food Group from a “market perform” rating to an “outperform” rating in a report on Friday, November 3rd. BidaskClub raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Tuesday, December 19th. Morgan Stanley boosted their price objective on shares of Performance Food Group from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. Finally, Loop Capital set a $35.00 price objective on shares of Performance Food Group and gave the company a “buy” rating in a report on Friday, December 15th.
Shares of Performance Food Group (PFGC) traded up $0.15 during trading on Wednesday, reaching $31.05. 398,000 shares of the company’s stock traded hands, compared to its average volume of 641,297. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.67 and a quick ratio of 0.86. The stock has a market capitalization of $3,229.22, a PE ratio of 19.90, a PEG ratio of 0.93 and a beta of -0.12. Performance Food Group has a twelve month low of $22.30 and a twelve month high of $35.25.
In related news, Director William F. Dawson, Jr. sold 5,000,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $28.03, for a total transaction of $140,150,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Howard Hoskins sold 12,533 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $30.49, for a total transaction of $382,131.17. Following the sale, the insider now owns 149,744 shares of the company’s stock, valued at $4,565,694.56. The disclosure for this sale can be found here. Insiders have sold 11,285,447 shares of company stock valued at $326,712,219 over the last three months. 3.70% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado bought a new stake in Performance Food Group during the fourth quarter valued at approximately $103,000. Balter Liquid Alternatives LLC bought a new stake in Performance Food Group during the fourth quarter valued at approximately $136,000. Strs Ohio grew its position in Performance Food Group by 4,700.0% during the third quarter. Strs Ohio now owns 4,800 shares of the restaurant operator’s stock valued at $135,000 after buying an additional 4,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Performance Food Group by 42.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,979 shares of the restaurant operator’s stock worth $165,000 after purchasing an additional 1,478 shares during the period. Finally, We Are One Seven LLC bought a new position in shares of Performance Food Group in the fourth quarter worth approximately $166,000. Institutional investors own 92.10% of the company’s stock.
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.
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