Performance Food Group (NYSE:PFGC) Sets New 1-Year High at $43.92
Performance Food Group Co (NYSE:PFGC) hit a new 52-week high during trading on Tuesday . The stock traded as high as $43.92 and last traded at $42.89, with a volume of 3983 shares trading hands. The stock had previously closed at $42.98.
PFGC has been the subject of several recent research reports. Loop Capital set a $48.00 price target on Performance Food Group and gave the company a “buy” rating in a research report on Friday, July 5th. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, July 16th. BMO Capital Markets raised their price objective on Cogeco Communications from C$95.00 to C$100.00 in a research report on Friday, July 12th. Bank of America reaffirmed a “buy” rating and issued a C$10.00 price objective on shares of Hexo in a research report on Wednesday, April 17th. Finally, Wells Fargo & Co raised their price objective on Eversource Energy from $86.00 to $88.00 and gave the company an “outperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $41.90.
The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 1.84 and a beta of 0.66. The business has a fifty day moving average of $41.31. The company has a quick ratio of 0.75, a current ratio of 1.45 and a debt-to-equity ratio of 0.95.
In related news, insider Patrick T. Hagerty sold 7,450 shares of Performance Food Group stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $40.85, for a total transaction of $304,332.50. Following the completion of the sale, the insider now directly owns 169,006 shares of the company’s stock, valued at approximately $6,903,895.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Patrick T. Hagerty sold 7,000 shares of Performance Food Group stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $38.99, for a total value of $272,930.00. Following the sale, the insider now directly owns 155,006 shares of the company’s stock, valued at $6,043,683.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,450 shares of company stock valued at $858,803. 3.80% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of PFGC. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Performance Food Group by 372.0% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 43,970 shares of the food distribution company’s stock worth $1,760,000 after buying an additional 34,655 shares during the period. Bowling Portfolio Management LLC acquired a new position in Performance Food Group during the 2nd quarter worth about $1,540,000. Rothschild & Co. Asset Management US Inc. lifted its holdings in Performance Food Group by 1.4% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 1,200,995 shares of the food distribution company’s stock worth $48,076,000 after buying an additional 16,388 shares during the period. Strs Ohio lifted its holdings in Performance Food Group by 7.5% during the 2nd quarter. Strs Ohio now owns 38,700 shares of the food distribution company’s stock worth $1,549,000 after buying an additional 2,700 shares during the period. Finally, Zeke Capital Advisors LLC lifted its holdings in Performance Food Group by 3.0% during the 2nd quarter. Zeke Capital Advisors LLC now owns 14,017 shares of the food distribution company’s stock worth $561,000 after buying an additional 409 shares during the period. Hedge funds and other institutional investors own 95.88% of the company’s stock.
Performance Food Group Company Profile (NYSE:PFGC)
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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