Performance Food Group (PFGC) Earns News Sentiment Rating of 0.27
Media coverage about Performance Food Group (NYSE:PFGC) has been trending positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Performance Food Group earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned headlines about the restaurant operator an impact score of 47.9354200971128 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Performance Food Group (PFGC) traded down $0.10 on Monday, hitting $33.10. The stock had a trading volume of 660,600 shares, compared to its average volume of 812,704. The company has a market capitalization of $3,463.52, a PE ratio of 32.14, a PEG ratio of 1.27 and a beta of -0.22. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.80 and a current ratio of 1.55. Performance Food Group has a 52 week low of $21.70 and a 52 week high of $33.42.
Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, November 8th. The restaurant operator reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Performance Food Group had a return on equity of 15.02% and a net margin of 0.62%. The firm had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter in the previous year, the company earned $0.20 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. equities analysts forecast that Performance Food Group will post 1.45 earnings per share for the current fiscal year.
A number of brokerages have commented on PFGC. BidaskClub upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Zacks Investment Research downgraded Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Guggenheim reaffirmed a “buy” rating and set a $33.00 price target (up previously from $31.00) on shares of Performance Food Group in a report on Wednesday, September 6th. Loop Capital set a $35.00 price target on Performance Food Group and gave the company a “buy” rating in a report on Friday, December 15th. Finally, TheStreet cut Performance Food Group from a “b-” rating to a “c” rating in a report on Monday, November 27th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Performance Food Group currently has an average rating of “Buy” and a consensus target price of $31.25.
In other Performance Food Group news, Director William F. Dawson, Jr. sold 5,000,000 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $28.03, for a total value of $140,150,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Howard Hoskins sold 4,450 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $27.81, for a total value of $123,754.50. Following the completion of the transaction, the insider now directly owns 175,993 shares in the company, valued at approximately $4,894,365.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,277,364 shares of company stock worth $326,453,842. 3.70% of the stock is owned by corporate insiders.
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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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