Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Performance Food Group (PFGC) Share Price
Media coverage about Performance Food Group (NYSE:PFGC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Performance Food Group earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the restaurant operator an impact score of 47.2335660415151 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
- Performance Food Group (PFGC) Cut to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Performance Food Group (PFGC) Given a $35.00 Price Target at Loop Capital (americanbankingnews.com)
- Zacks: Brokerages Anticipate Performance Food Group Company (PFGC) Will Post Earnings of $0.35 Per Share (americanbankingnews.com)
- Performance Food Group Company Announces Chief Financial Officer Transition (finance.yahoo.com)
- Performance Food CFO Tom Ondrof to change positions in March, after 17 months in the role (finance.yahoo.com)
Shares of Performance Food Group (NYSE PFGC) traded up $0.90 during trading on Friday, hitting $31.45. The stock had a trading volume of 1,713,222 shares, compared to its average volume of 1,200,676. Performance Food Group has a twelve month low of $21.70 and a twelve month high of $31.85. The firm has a market cap of $3,196.69, a price-to-earnings ratio of 23.32, a PEG ratio of 1.17 and a beta of -0.21. The company has a current ratio of 1.55, a quick ratio of 0.80 and a debt-to-equity ratio of 1.42.
Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.27 EPS for the quarter, beating 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 business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the prior year, the company posted $0.20 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. research analysts expect that Performance Food Group will post 1.45 earnings per share for the current year.
Several analysts have issued reports on the company. BidaskClub cut Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Wells Fargo & Company raised Performance Food Group from a “market perform” rating to an “outperform” rating in a research note on Friday, November 3rd. TheStreet raised Performance Food Group from a “c” rating to a “b-” rating in a research note on Monday, October 2nd. Morgan Stanley upped their price target on Performance Food Group from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 13th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $33.00 price target (up previously from $31.00) on shares of Performance Food Group in a research note on Wednesday, September 6th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $30.88.
In related news, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $28.25, for a total transaction of $141,250,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William F. Dawson, Jr. sold 6,272,914 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $29.68, for a total value of $186,180,087.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,277,364 shares of company stock worth $467,703,842. 3.70% of the stock is owned by corporate insiders.
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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