Performance Food Group (PFGC) Shares Gap Down to $31.15
Performance Food Group Company (NYSE:PFGC) gapped down prior to trading on Wednesday . The stock had previously closed at $31.90, but opened at $31.15. Performance Food Group shares last traded at $29.85, with a volume of 3812900 shares changing hands.
PFGC has been the subject of several research reports. TheStreet cut shares of Performance Food Group from a “b-” rating to a “c” rating in a research report on Monday, November 27th. BidaskClub upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Wells Fargo & Company restated a “hold” rating on shares of Performance Food Group in a report on Thursday, August 17th. BMO Capital Markets boosted their price target 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, Zacks Investment Research upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Thursday, October 5th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.88.
The company has a quick ratio of 0.80, a current ratio of 1.55 and a debt-to-equity ratio of 1.42. The firm has a market cap of $3,186.23, a P/E ratio of 23.24, a P/E/G ratio of 1.17 and a beta of -0.21.
Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.27 EPS for the quarter, topping 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 firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the business posted $0.20 EPS. Performance Food Group’s revenue was up 7.9% on a year-over-year basis. sell-side analysts anticipate that Performance Food Group Company will post 1.45 earnings per share for the current year.
In other news, 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 sale, the insider now directly owns 175,993 shares of the company’s stock, valued at approximately $4,894,365.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $28.25, for a total transaction of $141,250,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,004,450 shares of company stock worth $281,523,755 in the last 90 days. 3.70% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in PFGC. Public Employees Retirement System of Ohio boosted its holdings in shares of Performance Food Group by 37.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 4,603 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 1,247 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Performance Food Group in the 2nd quarter valued at $118,000. Pacad Investment Ltd. boosted its holdings in shares of Performance Food Group by 880.0% in the 2nd quarter. Pacad Investment Ltd. now owns 4,900 shares of the restaurant operator’s stock valued at $134,000 after acquiring an additional 4,400 shares during the last quarter. Strs Ohio boosted its holdings in shares of Performance Food Group by 4,700.0% in the 3rd quarter. Strs Ohio now owns 4,800 shares of the restaurant operator’s stock valued at $135,000 after acquiring an additional 4,700 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Performance Food Group in the 2nd quarter valued at $141,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.
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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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