Performance Food Group (NYSE:PFGC) had its target price raised by BMO Capital Markets to $48.00 in a research note released on Friday, The Fly reports. They currently have a positive rating on the food distribution company’s stock.
Other analysts have also issued research reports about the company. Bank of America restated a buy rating and set a C$10.00 target price on shares of Hexo in a report on Wednesday, April 17th. Zacks Investment Research lowered ExlService from a hold rating to a sell rating in a report on Wednesday, July 10th. Finally, Loop Capital set a $48.00 target price on Performance Food Group and gave the stock a buy rating in a report on Friday, July 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $41.64.
Shares of NYSE PFGC opened at $43.40 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.45 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 1.86 and a beta of 0.66. The company has a 50 day moving average price of $40.49. Performance Food Group has a 52-week low of $28.05 and a 52-week high of $43.78.
In other news, insider Patrick T. Hagerty sold 7,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $40.22, for a total transaction of $281,540.00. Following the transaction, the insider now directly owns 148,506 shares of the company’s stock, valued at $5,972,911.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Patrick T. Hagerty sold 7,450 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $40.85, for a total value of $304,332.50. Following the transaction, the insider now directly owns 169,006 shares in the company, valued at $6,903,895.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,450 shares of company stock worth $858,803. Insiders own 3.80% of the company’s stock.
Several hedge funds have recently modified their holdings of PFGC. Hennessy Advisors Inc. purchased a new stake in shares of Performance Food Group during the 2nd quarter worth about $2,934,000. Campbell & CO Investment Adviser LLC boosted its stake in shares of Performance Food Group by 26.9% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 16,708 shares of the food distribution company’s stock worth $669,000 after acquiring an additional 3,543 shares in the last quarter. Scout Investments Inc. boosted its stake in shares of Performance Food Group by 66.0% during the 2nd quarter. Scout Investments Inc. now owns 253,808 shares of the food distribution company’s stock worth $10,160,000 after acquiring an additional 100,917 shares in the last quarter. WINTON GROUP Ltd boosted its stake in shares of Performance Food Group by 50.8% during the 2nd quarter. WINTON GROUP Ltd now owns 12,176 shares of the food distribution company’s stock worth $487,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Performance Food Group during the 1st quarter worth about $22,413,000. 95.72% of the stock is currently owned by institutional investors and hedge funds.
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 in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.
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