Performance Food Group (NYSE:PFGC) released its quarterly earnings data on Wednesday. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05, MarketWatch Earnings reports. Performance Food Group had a net margin of 1.13% and a return on equity of 15.58%. The firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the previous year, the company earned $0.27 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Performance Food Group updated its FY19 guidance to $1.72 to $1.82 EPS and its FY 2019 guidance to $1.69-1.79 EPS.
PFGC stock traded down $0.19 during midday trading on Friday, reaching $32.39. 132,800 shares of the company’s stock traded hands, compared to its average volume of 809,866. Performance Food Group has a 52-week low of $27.35 and a 52-week high of $39.45. The stock has a market cap of $3.14 billion, a P/E ratio of 21.03, a P/E/G ratio of 0.99 and a beta of 0.54. The company has a current ratio of 1.50, a quick ratio of 0.78 and a debt-to-equity ratio of 1.04.
In other Performance Food Group news, insider Carol A. O’connell sold 4,505 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $34.00, for a total value of $153,170.00. Following the completion of the transaction, the insider now directly owns 20,891 shares in the company, valued at $710,294. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider George L. Holm sold 22,672 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $33.08, for a total transaction of $749,989.76. Following the completion of the transaction, the insider now owns 1,757,975 shares of the company’s stock, valued at $58,153,813. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,294 shares of company stock valued at $2,263,070. Company insiders own 3.80% of the company’s stock.
Several research analysts have recently weighed in on PFGC shares. Wells Fargo & Co boosted their price objective on shares of Performance Food Group from $40.00 to $46.00 and gave the company a “$38.15” rating in a report on Wednesday, July 18th. Loop Capital upped their target price on shares of Performance Food Group to $47.00 and gave the company a “buy” rating in a report on Thursday, July 19th. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Friday, July 20th. Guggenheim reaffirmed a “buy” rating and set a $43.00 target price on shares of Performance Food Group in a report on Friday, July 20th. Finally, Royal Bank of Canada upped their target price on shares of Performance Food Group from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $38.45.
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.
Featured Story: Cost of Debt
Receive News & Ratings for Performance Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Performance Food Group and related companies with MarketBeat.com's FREE daily email newsletter.