Performance Food Group (NYSE:PFGC) updated its FY 2020 earnings guidance on Wednesday. The company provided EPS guidance of $1.92-2.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.78.
Several research firms have issued reports on PFGC. BMO Capital Markets lifted their price target on shares of Performance Food Group to $52.00 and gave the stock an outperform rating in a report on Thursday. Guggenheim reaffirmed a buy rating and issued a $50.00 price target (up from $46.00) on shares of Performance Food Group in a report on Thursday. ValuEngine raised shares of Performance Food Group from a hold rating to a buy rating in a report on Thursday. Loop Capital lifted their price target on shares of Performance Food Group to $50.00 and gave the stock a buy rating in a report on Thursday. Finally, Buckingham Research lifted their price target on shares of Performance Food Group from $47.00 to $53.00 and gave the stock a buy rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $45.40.
Shares of PFGC opened at $45.60 on Friday. The firm has a market capitalization of $4.79 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.97 and a beta of 0.66. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.45 and a quick ratio of 0.75. Performance Food Group has a 1-year low of $28.05 and a 1-year high of $46.65. The company’s fifty day moving average price is $42.64 and its 200-day moving average price is $40.13.
In other news, insider Patrick T. Hagerty sold 7,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $40.22, for a total transaction of $281,540.00. Following the sale, the insider now directly owns 148,506 shares of the company’s stock, valued at $5,972,911.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 21,000 shares of company stock worth $861,280 over the last three months. Corporate insiders own 3.80% 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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