Performance Food Group Company (PFGC) Getting Somewhat Positive Media Coverage, Analysis Shows
Press coverage about Performance Food Group Company (NYSE:PFGC) has been trending somewhat positive on Saturday, Alpha One reports. The research group, a unit of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Performance Food Group Company earned a media sentiment score of 0.10 on Alpha One’s scale. Alpha One also assigned news articles about the restaurant operator an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near future.
Shares of Performance Food Group Company (NYSE:PFGC) opened at 28.25 on Friday. The stock has a market capitalization of $2.93 billion, a PE ratio of 33.91 and a beta of -0.36. The firm has a 50-day moving average of $27.49 and a 200 day moving average of $24.38. Performance Food Group Company has a 1-year low of $19.95 and a 1-year high of $29.12.
Performance Food Group Company (NYSE:PFGC) last announced its earnings results on Wednesday, May 10th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.11 billion. Performance Food Group Company had a net margin of 0.51% and a return on equity of 13.92%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 earnings per share. Analysts predict that Performance Food Group Company will post $1.26 EPS for the current year.
A number of brokerages recently commented on PFGC. Guggenheim upped their price target on shares of Performance Food Group Company from $20.00 to $30.00 in a research note on Friday. Zacks Investment Research upgraded shares of Performance Food Group Company from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday. Royal Bank Of Canada set a $27.00 price target on shares of Performance Food Group Company and gave the company a “hold” rating in a research note on Tuesday, May 16th. Jefferies Group LLC restated a “hold” rating on shares of Performance Food Group Company in a research note on Tuesday, May 16th. Finally, Barclays PLC restated a “hold” rating and set a $28.00 price target on shares of Performance Food Group Company in a research note on Friday, May 12th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $28.44.
In other Performance Food Group Company news, insider George L. Holm sold 102,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $28.23, for a total value of $2,885,106.00. Following the completion of the transaction, the insider now directly owns 2,040,936 shares in the company, valued at $57,615,623.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Holdings L.P. Blackstone III sold 13,700,465 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $27.41, for a total transaction of $375,529,745.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,810,265 shares of company stock valued at $378,625,068. Company insiders own 3.50% of the company’s stock.
About Performance Food Group Company
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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