Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Co reiterated a buy rating on shares of Performance Food Group in a report on Friday, September 27th. Bank of America raised their target price on Performance Food Group from $45.00 to $52.00 and gave the company a buy rating in a research note on Wednesday, October 2nd. Buckingham Research raised their target price on Performance Food Group from $47.00 to $53.00 and gave the company a buy rating in a research note on Thursday, August 15th. Zacks Investment Research upgraded Performance Food Group from a sell rating to a hold rating in a research note on Tuesday, October 29th. Finally, Loop Capital raised their target price on Performance Food Group to $50.00 and gave the company a buy rating in a research note on Thursday, August 15th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $48.10.
NYSE PFGC traded down $1.61 on Wednesday, hitting $44.14. The company’s stock had a trading volume of 706,952 shares, compared to its average volume of 630,763. Performance Food Group has a 52-week low of $30.07 and a 52-week high of $47.26. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 1.03. The company’s 50-day simple moving average is $44.07 and its 200 day simple moving average is $42.74. The firm has a market cap of $4.56 billion, a P/E ratio of 23.86, a PEG ratio of 1.89 and a beta of 0.60.
In related news, insider Patrick T. Hagerty sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $46.57, for a total transaction of $325,990.00. Following the completion of the transaction, the insider now owns 138,406 shares of the company’s stock, valued at approximately $6,445,567.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Craig Howard Hoskins sold 17,009 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $43.91, for a total value of $746,865.19. Following the transaction, the insider now directly owns 123,802 shares of the company’s stock, valued at approximately $5,436,145.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,888 shares of company stock valued at $1,429,538. 3.40% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of PFGC. Quest Capital Management Inc. ADV bought a new position in Performance Food Group during the 3rd quarter valued at approximately $39,000. Tower Research Capital LLC TRC bought a new position in Performance Food Group during the 2nd quarter valued at approximately $45,000. Meeder Asset Management Inc. bought a new position in Performance Food Group during the 2nd quarter valued at approximately $54,000. NEXT Financial Group Inc increased its position in Performance Food Group by 12.9% during the 2nd quarter. NEXT Financial Group Inc now owns 2,114 shares of the food distribution company’s stock valued at $85,000 after buying an additional 242 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new position in Performance Food Group during the 2nd quarter valued at approximately $185,000. 97.15% of the stock is owned by institutional investors.
About Performance Food Group
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.
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