Royal Bank of Canada reissued their sector perform rating on shares of Performance Food Group (NYSE:PFGC) in a research report report published on Tuesday morning. Royal Bank of Canada currently has a $32.00 target price on the restaurant operator’s stock.

A number of other brokerages also recently weighed in on PFGC. TheStreet downgraded Performance Food Group from a b- rating to a c rating in a report on Monday, November 27th. Guggenheim reaffirmed a buy rating and issued a $39.00 target price on shares of Performance Food Group in a report on Sunday, January 28th. Loop Capital set a $35.00 target price on Performance Food Group and gave the company a buy rating in a report on Friday, December 15th. BMO Capital Markets reaffirmed a buy rating and issued a $33.00 target price on shares of Performance Food Group in a report on Wednesday, January 24th. Finally, Zacks Investment Research downgraded Performance Food Group from a buy rating to a hold rating in a report on Saturday, December 16th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Performance Food Group currently has a consensus rating of Buy and a consensus target price of $33.44.

Shares of Performance Food Group (NYSE:PFGC) opened at $30.75 on Tuesday. The firm has a market capitalization of $3,234.42, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 1.08 and a beta of -0.12. Performance Food Group has a twelve month low of $22.30 and a twelve month high of $35.25. 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 (NYSE:PFGC) last issued its earnings results on Wednesday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.35 billion. Performance Food Group had a return on equity of 16.10% and a net margin of 1.24%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. equities research analysts expect that Performance Food Group will post 1.6 earnings per share for the current year.

In related news, Director William F. Dawson, Jr. sold 6,272,914 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $29.68, for a total transaction of $186,180,087.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William F. Dawson, Jr. sold 5,000,000 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $28.03, for a total value of $140,150,000.00. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its position in Performance Food Group by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 89,813 shares of the restaurant operator’s stock worth $2,461,000 after purchasing an additional 683 shares during the last quarter. California Public Employees Retirement System raised its position in Performance Food Group by 2.1% during the 2nd quarter. California Public Employees Retirement System now owns 39,600 shares of the restaurant operator’s stock worth $1,085,000 after purchasing an additional 800 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Performance Food Group by 25.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,780 shares of the restaurant operator’s stock worth $158,000 after purchasing an additional 1,177 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Performance Food Group by 42.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,979 shares of the restaurant operator’s stock worth $165,000 after purchasing an additional 1,478 shares during the last quarter. Finally, Keybank National Association OH raised its position in Performance Food Group by 5.7% during the 3rd quarter. Keybank National Association OH now owns 47,050 shares of the restaurant operator’s stock worth $1,329,000 after purchasing an additional 2,525 shares during the last quarter. 82.74% of the stock is currently owned by institutional investors.

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About Performance Food Group

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.

Analyst Recommendations for Performance Food Group (NYSE:PFGC)

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