News coverage about Performance Food Group (NYSE:PFGC) has trended somewhat positive on Saturday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Performance Food Group earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned press coverage about the restaurant operator an impact score of 45.9600299506968 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- IHS Markit Score Update: Drop in demand for ETFs holding Performance Food Group Co is a negative sign for its shares (finance.yahoo.com)
- Performance Food Group Company (NYSE:PFGC) Set to Announce Quarterly Earnings on Wednesday (americanbankingnews.com)
- Head to Head Survey: Boulder Brands (BDBD) and Performance Food Group (NYSE:PFGC) (americanbankingnews.com)
- BidaskClub Lowers Performance Food Group Company (NYSE:PFGC) to Buy (americanbankingnews.com)
Shares of Performance Food Group (NYSE:PFGC) traded up 0.19% on Friday, hitting $27.00. The company had a trading volume of 835,401 shares. The company has a market capitalization of $2.80 billion, a P/E ratio of 32.41 and a beta of -0.31. The firm has a 50-day moving average price of $27.77 and a 200 day moving average price of $25.61. Performance Food Group has a 12-month low of $19.95 and a 12-month high of $29.25.
Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, May 10th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.11 billion. Performance Food Group had a return on equity of 13.92% and a net margin of 0.51%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. Equities analysts expect that Performance Food Group will post $1.26 EPS for the current year.
A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Performance Food Group from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Wednesday, June 14th. Wells Fargo & Company reiterated a “buy” rating on shares of Performance Food Group in a report on Tuesday. BMO Capital Markets set a $30.00 target price on Performance Food Group and gave the company a “buy” rating in a research note on Friday, August 4th. Guggenheim upped their target price on Performance Food Group from $20.00 to $30.00 in a research note on Friday, June 16th. Finally, Jefferies Group LLC restated a “hold” rating on shares of Performance Food Group in a research note on Tuesday, May 16th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Performance Food Group has a consensus rating of “Buy” and a consensus target price of $28.31.
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In related news, insider James D. Hope acquired 1,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was purchased at an average cost of $27.60 per share, with a total value of $27,600.00. Following the acquisition, the insider now directly owns 64,657 shares of the company’s stock, valued at $1,784,533.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Holdings L.P. Blackstone III sold 13,700,465 shares of Performance Food Group stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $27.41, for a total value of $375,529,745.65. The disclosure for this sale can be found here. Insiders sold a total of 13,810,265 shares of company stock valued at $378,625,068 over the last 90 days. 3.50% of the stock is currently owned by corporate 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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