Media stories about Performance Food Group (NYSE:PFGC) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Performance Food Group earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave headlines about the restaurant operator an impact score of 47.0275917624658 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.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- See what the IHS Markit Score report has to say about Performance Food Group Co. (finance.yahoo.com)
- Performance Food Group Company (PFGC) Receives Hold Rating from Wells Fargo & Company (americanbankingnews.com)
- Performance Food Group Company Reports Fourth-Quarter and Full-Year Fiscal 2017 Results (finance.yahoo.com)
- Investor Network: Performance Food Group Company to Host Earnings Call (finance.yahoo.com)
Shares of Performance Food Group (PFGC) opened at 26.55 on Friday. The stock has a 50 day moving average price of $27.71 and a 200 day moving average price of $25.73. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 28.55 and a beta of -0.31. Performance Food Group has a one year low of $19.95 and a one year high of $29.25.
Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.46 billion. Performance Food Group had a net margin of 0.57% and a return on equity of 15.05%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. On average, equities research analysts forecast that Performance Food Group will post $1.46 EPS for the current year.
Several research firms have recently issued reports on PFGC. Zacks Investment Research raised Performance Food Group from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, June 14th. Wells Fargo & Company reissued a “buy” rating on shares of Performance Food Group in a research note on Tuesday, August 8th. BMO Capital Markets set a $30.00 price target on Performance Food Group and gave the stock a “buy” rating in a research note on Friday, August 4th. Guggenheim increased their price target on Performance Food Group from $20.00 to $30.00 in a research note on Friday, June 16th. Finally, Jefferies Group LLC reissued a “hold” rating on shares of Performance Food Group in a research note on Tuesday, May 16th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Performance Food Group presently has an average rating of “Hold” and an average price target of $28.31.
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In other news, insider George L. Holm sold 102,200 shares of Performance Food Group stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $28.23, for a total value of $2,885,106.00. Following the completion of the sale, the insider now directly owns 2,040,936 shares of the company’s stock, valued at approximately $57,615,623.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James D. Hope bought 2,000 shares of the stock in a transaction dated Monday, May 22nd. The stock was purchased at an average cost of $27.85 per share, with a total value of $55,700.00. Following the completion of the purchase, the insider now directly owns 66,657 shares in the company, valued at approximately $1,856,397.45. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by company insiders.
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.
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