News headlines about Performance Food Group (NYSE:PFGC) have trended positive on Monday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Performance Food Group earned a news impact score of 0.31 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 46.5158430942982 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Stocks With Rising Relative Price Strength: Performance Food (finance.yahoo.com)
- Earnings Review and Free Research Report: Performance Food Group Co. Adjusted Diluted EPS Increased 26.3% (finance.yahoo.com)
- Performance Food Group Company (PFGC) Rating Reiterated by Guggenheim (americanbankingnews.com)
- Performance Food Group Company (NYSE:PFGC) Sees Unusual Trading Volume in Its Shares (highlightpress.com)
Shares of Performance Food Group (PFGC) opened at 28.10 on Monday. Performance Food Group has a 12-month low of $19.95 and a 12-month high of $29.25. The company has a 50 day moving average price of $27.76 and a 200-day moving average price of $26.25. The firm has a market cap of $2.92 billion, a PE ratio of 30.22 and a beta of -0.28.
Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Performance Food Group had a return on equity of 14.73% and a net margin of 0.57%. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the firm earned $0.38 EPS. Performance Food Group’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts expect that Performance Food Group will post $1.43 EPS for the current year.
A number of brokerages have recently issued reports on PFGC. BidaskClub downgraded Performance Food Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Jefferies Group LLC restated a “hold” rating on shares of Performance Food Group in a report on Tuesday, May 16th. Guggenheim upped their price target on Performance Food Group from $20.00 to $30.00 in a report on Friday, June 16th. Royal Bank Of Canada set a $27.00 price target on Performance Food Group and gave the stock a “hold” rating in a report on Tuesday, May 16th. Finally, Zacks Investment Research cut Performance Food Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $29.00.
In other Performance Food Group news, insider James D. Hope purchased 3,575 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were purchased at an average price of $26.99 per share, for a total transaction of $96,489.25. Following the completion of the transaction, the insider now owns 65,480 shares in the company, valued at approximately $1,767,305.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.50% of the company’s stock.
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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