ValuEngine upgraded shares of Performance Food Group (NYSE:PFGC) from a hold rating to a buy rating in a research report report published on Wednesday.
A number of other analysts also recently commented on PFGC. Zacks Investment Research upgraded Performance Food Group from a sell rating to a hold rating in a research report on Wednesday, June 27th. Wells Fargo & Co increased their target price on Performance Food Group from $40.00 to $46.00 and gave the stock a $38.15 rating in a report on Wednesday, July 18th. Loop Capital increased their target price on Performance Food Group to $47.00 and gave the stock a buy rating in a report on Thursday, July 19th. Guggenheim reissued a buy rating and issued a $43.00 target price on shares of Performance Food Group in a report on Friday, July 20th. Finally, Royal Bank of Canada increased their target price on Performance Food Group from $32.00 to $33.00 and gave the stock a sector perform rating in a report on Friday, August 10th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Performance Food Group currently has a consensus rating of Buy and a consensus target price of $38.45.
NYSE:PFGC traded down $0.95 during mid-day trading on Wednesday, hitting $28.76. 518,471 shares of the company’s stock traded hands, compared to its average volume of 847,049. The company has a quick ratio of 0.78, a current ratio of 1.50 and a debt-to-equity ratio of 1.04. Performance Food Group has a 12 month low of $26.35 and a 12 month high of $39.45. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 0.98 and a beta of 0.18.
In related news, insider Patrick T. Hagerty sold 8,083 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $33.20, for a total transaction of $268,355.60. Following the completion of the sale, the insider now directly owns 182,450 shares of the company’s stock, valued at approximately $6,057,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Howard Hoskins sold 4,450 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $33.63, for a total value of $149,653.50. Following the sale, the insider now directly owns 125,526 shares of the company’s stock, valued at $4,221,439.38. The disclosure for this sale can be found here. Insiders have sold a total of 75,233 shares of company stock valued at $2,521,056 over the last ninety days. Insiders own 3.80% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in PFGC. Dimensional Fund Advisors LP increased its stake in shares of Performance Food Group by 9.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,908,499 shares of the restaurant operator’s stock valued at $70,044,000 after buying an additional 168,076 shares during the period. NumerixS Investment Technologies Inc increased its stake in shares of Performance Food Group by 57.5% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the restaurant operator’s stock valued at $234,000 after buying an additional 2,300 shares during the period. Sterling Capital Management LLC acquired a new stake in shares of Performance Food Group in the 2nd quarter valued at $24,545,000. Commonwealth Bank of Australia acquired a new stake in shares of Performance Food Group in the 2nd quarter valued at $885,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Performance Food Group in the 2nd quarter valued at $219,000. 94.96% of the stock is owned by hedge funds and other institutional investors.
About Performance Food Group
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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