Zacks Investment Research lowered shares of Performance Food Group (NYSE:PFGC) from a buy rating to a hold rating in a report released on Saturday.

According to Zacks, “Performance Food Group Company markets and distributes food and food-related products. Its operating segment consists of Foodservice, Vistar, and PFG Customized. Foodservice segment offers appetizers and soups, beverages, canned and dry foods, cheese, dairy products and eggs, desserts and breads, dressing sauces and oils, non-foods, pizzas and pastas, prepared foods, produce and vegetables and seafood products. Vistar segment offers candies, gum and mints, snacks, cold beverages, frozen products, coffees, ice creams, frozen and refrigerated entrees, disposables, cleaners and more. PFG Customized segment offers seafood, meats, produce, dairy products and smallwares. The company serves independent and national chain restaurants, quick-service eateries, pizzerias, theaters, schools, hotels, healthcare facilities and other institutions. Performance Food Group Company is headquartered in Richmond, Virginia. “

Other equities research analysts have also recently issued reports about the stock. BidaskClub cut shares of Performance Food Group from a buy rating to a hold rating in a report on Tuesday, September 12th. Guggenheim reaffirmed a buy rating and issued a $33.00 target price (up from $31.00) on shares of Performance Food Group in a report on Wednesday, September 6th. TheStreet raised shares of Performance Food Group from a c rating to a b- rating in a report on Monday, October 2nd. BMO Capital Markets upped their target price on shares of Performance Food Group from $30.00 to $33.00 and gave the company an outperform rating in a report on Wednesday, September 13th. Finally, Morgan Stanley upped their target price on shares of Performance Food Group from $27.00 to $28.00 and gave the company an equal weight rating in a report on Wednesday, September 13th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $30.88.

Performance Food Group (PFGC) opened at $31.80 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.55 and a debt-to-equity ratio of 1.42. Performance Food Group has a 12 month low of $21.70 and a 12 month high of $32.00. The stock has a market cap of $3,293.48, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 1.21 and a beta of -0.21.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. Performance Food Group had a net margin of 0.62% and a return on equity of 15.02%. The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Performance Food Group’s revenue for the quarter was up 7.9% on a year-over-year basis. equities research analysts forecast that Performance Food Group will post 1.45 EPS for the current fiscal year.

In related news, Director William F. Dawson, Jr. sold 6,272,914 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $29.68, for a total transaction of $186,180,087.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig Howard Hoskins sold 4,450 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $27.81, for a total transaction of $123,754.50. Following the transaction, the insider now directly owns 175,993 shares of the company’s stock, valued at $4,894,365.33. The disclosure for this sale can be found here. Insiders sold 11,277,364 shares of company stock valued at $326,453,842 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Bayesian Capital Management LP increased its holdings in Performance Food Group by 2.9% in the second quarter. Bayesian Capital Management LP now owns 8,900 shares of the restaurant operator’s stock valued at $244,000 after buying an additional 255 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Performance Food Group by 0.8% in the second quarter. Macquarie Group Ltd. now owns 89,813 shares of the restaurant operator’s stock valued at $2,461,000 after buying an additional 683 shares in the last quarter. California Public Employees Retirement System increased its holdings in Performance Food Group by 2.1% in the second quarter. California Public Employees Retirement System now owns 39,600 shares of the restaurant operator’s stock valued at $1,085,000 after buying an additional 800 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Performance Food Group by 25.6% in the second quarter. Public Employees Retirement System of Ohio now owns 5,780 shares of the restaurant operator’s stock valued at $158,000 after buying an additional 1,177 shares in the last quarter. Finally, Keybank National Association OH increased its holdings in Performance Food Group by 5.7% in the third quarter. Keybank National Association OH now owns 47,050 shares of the restaurant operator’s stock valued at $1,329,000 after buying an additional 2,525 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

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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.

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