Shares of Performance Food Group Co (NYSE:PFGC) saw unusually-strong trading volume on Friday . Approximately 2,452,111 shares were traded during trading, an increase of 266% from the previous session’s volume of 670,621 shares.The stock last traded at $33.40 and had previously closed at $33.20.

A number of analysts have recently issued reports on PFGC shares. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Friday, July 20th. Royal Bank of Canada lifted their price objective on shares of Performance Food Group from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Friday, August 10th. Jefferies Financial Group started coverage on shares of Performance Food Group in a report on Friday, June 8th. They set a “hold” rating and a $38.00 price objective for the company. Loop Capital lifted their price objective on shares of Performance Food Group to $47.00 and gave the stock a “buy” rating in a report on Thursday, July 19th. Finally, ValuEngine downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Performance Food Group currently has an average rating of “Hold” and an average target price of $38.40.

The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.78 and a current ratio of 1.50. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 1.09 and a beta of 0.18.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, August 15th. The restaurant operator reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.07). The business had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.66 billion. Performance Food Group had a return on equity of 15.58% and a net margin of 1.13%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. equities analysts anticipate that Performance Food Group Co will post 1.74 EPS for the current fiscal year.

In other Performance Food Group news, insider Carol A. O’connell sold 6,939 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $36.77, for a total value of $255,147.03. Following the transaction, the insider now owns 50,474 shares in the company, valued at $1,855,928.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Patrick T. Hagerty sold 8,083 shares of the business’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $33.20, for a total transaction of $268,355.60. Following the completion of the transaction, the insider now owns 182,450 shares in the company, valued at approximately $6,057,340. The disclosure for this sale can be found here. Insiders sold 121,365 shares of company stock valued at $4,231,405 over the last three months. 3.70% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in PFGC. Sterling Capital Management LLC purchased a new position in shares of Performance Food Group in the second quarter valued at about $24,545,000. Millennium Management LLC increased its position in shares of Performance Food Group by 202.6% in the second quarter. Millennium Management LLC now owns 705,332 shares of the restaurant operator’s stock valued at $25,886,000 after acquiring an additional 472,273 shares during the period. Scopus Asset Management L.P. increased its position in shares of Performance Food Group by 420.0% in the second quarter. Scopus Asset Management L.P. now owns 520,000 shares of the restaurant operator’s stock valued at $19,084,000 after acquiring an additional 420,000 shares during the period. Wells Fargo & Company MN increased its position in shares of Performance Food Group by 62.7% in the second quarter. Wells Fargo & Company MN now owns 1,026,740 shares of the restaurant operator’s stock valued at $37,681,000 after acquiring an additional 395,836 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Performance Food Group by 27.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,740,423 shares of the restaurant operator’s stock valued at $51,952,000 after acquiring an additional 375,955 shares during the period. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Performance Food Group Company Profile (NYSE:PFGC)

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, such as 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 seafood products, shortenings and oils, baked goods, and salad dressings.

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