Performance Food Group (PFGC) Given Media Sentiment Score of 0.33

Media headlines about Performance Food Group (NYSE:PFGC) have been trending positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Performance Food Group earned a news impact score of 0.33 on Accern’s scale. Accern also gave news articles about the restaurant operator an impact score of 46.9377633932908 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

PFGC has been the topic of several recent research reports. BidaskClub lowered Performance Food Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Guggenheim restated a “buy” rating and issued a $26.80 price objective on shares of Performance Food Group in a research report on Tuesday, June 27th. BMO Capital Markets set a $30.00 price objective on Performance Food Group and gave the stock a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research lowered Performance Food Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Performance Food Group in a research report on Tuesday, August 8th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Performance Food Group presently has a consensus rating of “Hold” and a consensus target price of $29.30.

Performance Food Group (NYSE:PFGC) opened at 28.30 on Tuesday. The stock’s 50 day moving average price is $28.30 and its 200-day moving average price is $27.20. Performance Food Group has a 12 month low of $19.95 and a 12 month high of $29.90. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 30.43 and a beta of -0.27.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, August 16th. The restaurant operator reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.02). Performance Food Group had a return on equity of 14.73% and a net margin of 0.57%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period in the prior year, the company earned $0.38 EPS. The company’s revenue was up 1.3% on a year-over-year basis. Equities research analysts predict that Performance Food Group will post $1.43 EPS for the current year.

In other Performance Food Group news, insider James D. Hope acquired 3,575 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average price of $26.99 per share, with a total value of $96,489.25. Following the completion of the acquisition, the insider now directly owns 65,480 shares of the company’s stock, valued at approximately $1,767,305.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 stock was sold at an average price of $28.25, for a total value of $141,250,000.00. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

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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.

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