Performance Food Group (NYSE:PFGC) updated its FY20 earnings guidance on Wednesday. The company provided EPS guidance of $1.94-2.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.00.
Several analysts have recently issued reports on the stock. Guggenheim reiterated a buy rating and issued a $50.00 target price (up previously from $46.00) on shares of Performance Food Group in a research report on Thursday, August 15th. Barclays lifted their target price on shares of Performance Food Group from $44.00 to $47.00 and gave the company an equal weight rating in a research report on Thursday. ValuEngine upgraded shares of Performance Food Group from a sell rating to a hold rating in a research report on Wednesday. Buckingham Research lifted their target price on shares of Performance Food Group from $53.00 to $58.00 and gave the company a buy rating in a research report on Thursday. Finally, Bank of America lifted their target price on shares of Performance Food Group from $45.00 to $52.00 and gave the company a buy rating in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Performance Food Group currently has a consensus rating of Buy and an average target price of $48.10.
NYSE:PFGC opened at $44.14 on Friday. The company’s 50-day moving average price is $44.07 and its 200-day moving average price is $42.74. 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 has a market cap of $4.56 billion, a P/E ratio of 23.86, a P/E/G ratio of 1.89 and a beta of 0.60. Performance Food Group has a twelve month low of $30.07 and a twelve month high of $47.26.
Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.15. The firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.10 billion. Performance Food Group had a net margin of 0.84% and a return on equity of 15.86%. The company’s revenue for the quarter was up 37.5% on a year-over-year basis. During the same period last year, the firm posted $0.34 earnings per share. On average, analysts expect that Performance Food Group will post 1.98 earnings per share for the current year.
In other news, insider Craig Howard Hoskins sold 17,009 shares of the firm’s stock in a transaction dated 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 $5,436,145.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Patrick T. Hagerty sold 7,000 shares of Performance Food Group stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $46.57, for a total transaction of $325,990.00. Following the transaction, the insider now directly owns 138,406 shares in the company, valued at $6,445,567.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,888 shares of company stock worth $1,429,538. Insiders own 3.40% of the company’s stock.
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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