Performance Food Group (NYSE:PFGC – Get Rating) is scheduled to announce its earnings results before the market opens on Wednesday, November 9th. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Performance Food Group (NYSE:PFGC – Get Rating) last posted its quarterly earnings data on Wednesday, August 17th. The food distribution company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.03. The business had revenue of $14.59 billion during the quarter, compared to the consensus estimate of $14.56 billion. Performance Food Group had a net margin of 0.22% and a return on equity of 12.35%. Performance Food Group’s quarterly revenue was up 56.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS. On average, analysts expect Performance Food Group to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Performance Food Group Price Performance
NYSE:PFGC opened at $52.06 on Monday. The stock has a market cap of $8.10 billion, a P/E ratio of 72.31, a PEG ratio of 1.01 and a beta of 1.35. Performance Food Group has a one year low of $38.23 and a one year high of $58.13. The company has a fifty day moving average price of $48.05 and a 200 day moving average price of $47.54. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 0.71.
Insider Transactions at Performance Food Group
In other news, insider Patrick T. Hagerty sold 500 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $52.35, for a total value of $26,175.00. Following the sale, the insider now owns 155,790 shares of the company’s stock, valued at approximately $8,155,606.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider George L. Holm sold 32,904 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $51.56, for a total value of $1,696,530.24. Following the sale, the insider now directly owns 1,465,015 shares in the company, valued at approximately $75,536,173.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick T. Hagerty sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $52.35, for a total transaction of $26,175.00. Following the sale, the insider now owns 155,790 shares in the company, valued at $8,155,606.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,904 shares of company stock valued at $1,744,495. 2.80% of the stock is owned by insiders.
Institutional Trading of Performance Food Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Prelude Capital Management LLC acquired a new stake in shares of Performance Food Group in the second quarter valued at approximately $220,000. Captrust Financial Advisors lifted its holdings in shares of Performance Food Group by 16.3% during the second quarter. Captrust Financial Advisors now owns 2,930 shares of the food distribution company’s stock worth $135,000 after buying an additional 410 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Performance Food Group during the second quarter worth $1,190,000. Utah Retirement Systems acquired a new stake in shares of Performance Food Group during the second quarter worth $363,000. Finally, United Services Automobile Association acquired a new stake in shares of Performance Food Group during the second quarter worth $761,000. 99.68% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
PFGC has been the subject of several research analyst reports. Truist Financial upped their target price on shares of Performance Food Group from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. Stephens began coverage on shares of Performance Food Group in a research note on Thursday, September 22nd. They issued an “overweight” rating and a $60.00 price objective for the company. TheStreet cut shares of Performance Food Group from a “b-” rating to a “c+” rating in a research note on Monday, September 26th. BMO Capital Markets increased their price objective on shares of Performance Food Group from $61.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, August 19th. Finally, StockNews.com began coverage on shares of Performance Food Group in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Performance Food Group currently has a consensus rating of “Moderate Buy” and an average target price of $64.50.
Performance Food Group Company Profile
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.
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