Performance Food Group Co (NYSE:PFGC) – Stock analysts at Jefferies Financial Group cut their Q2 2019 earnings per share estimates for Performance Food Group in a report released on Wednesday, November 7th. Jefferies Financial Group analyst C. Mandeville now forecasts that the restaurant operator will post earnings of $0.39 per share for the quarter, down from their prior estimate of $0.42. Jefferies Financial Group also issued estimates for Performance Food Group’s Q3 2019 earnings at $0.34 EPS, FY2019 earnings at $1.74 EPS, Q1 2020 earnings at $0.37 EPS, Q2 2020 earnings at $0.44 EPS, Q4 2020 earnings at $0.73 EPS, FY2020 earnings at $1.90 EPS, FY2021 earnings at $2.14 EPS, FY2022 earnings at $2.61 EPS and FY2023 earnings at $2.79 EPS.
Other research analysts have also issued reports about the company. Wells Fargo & Co raised their price objective on Performance Food Group from $40.00 to $46.00 and gave the company a “$38.15” rating in a research report on Wednesday, July 18th. Guggenheim reissued a “buy” rating and issued a $43.00 price objective on shares of Performance Food Group in a research report on Friday, July 20th. Zacks Investment Research raised Performance Food Group from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Friday, July 20th. Loop Capital raised their price objective on Performance Food Group to $47.00 and gave the company a “buy” rating in a research report on Thursday, July 19th. Finally, BMO Capital Markets cut their price objective on Performance Food Group from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $38.45.
Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, November 7th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. Performance Food Group had a return on equity of 15.86% and a net margin of 1.15%. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the company posted $0.27 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year.
In other news, insider Craig Howard Hoskins sold 4,450 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $33.63, for a total transaction of $149,653.50. Following the completion of the sale, the insider now directly owns 125,526 shares in the company, valued at $4,221,439.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider George L. Holm sold 3,340 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $33.00, for a total value of $110,220.00. Following the sale, the insider now owns 1,739,543 shares of the company’s stock, valued at $57,404,919. The disclosure for this sale can be found here. Insiders have sold 68,294 shares of company stock valued at $2,263,070 over the last 90 days. Insiders own 3.80% of the company’s stock.
Large investors have recently bought and sold shares of the stock. WINTON GROUP Ltd acquired a new position in Performance Food Group in the second quarter worth about $219,000. NumerixS Investment Technologies Inc grew its stake in Performance Food Group by 57.5% in the second quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the restaurant operator’s stock worth $234,000 after purchasing an additional 2,300 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Performance Food Group by 620.4% in the second quarter. Tower Research Capital LLC TRC now owns 6,419 shares of the restaurant operator’s stock worth $236,000 after purchasing an additional 5,528 shares in the last quarter. Brown Advisory Inc. acquired a new position in Performance Food Group in the first quarter worth about $200,000. Finally, Signition LP acquired a new position in Performance Food Group in the third quarter worth about $234,000. Institutional investors and hedge funds own 94.51% of the company’s stock.
Performance Food Group Company Profile
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.
See Also: Intrinsic Value
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