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.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, May 8th. The food distribution company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.67 billion. Performance Food Group had a return on equity of 14.91% and a net margin of 0.91%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. As a group, research analysts expect that Performance Food Group Co will post 1.78 earnings per share for the current fiscal year.

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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