The stock of Performance Food Group Co (NYSE:PFGC) is a huge mover today! About 1.03M shares traded hands or 98.54% up from the average. Performance Food Group Co (NYSE:PFGC) has declined 14.78% since April 27, 2016 and is downtrending. It has underperformed by 20.01% the S&P500.
The move comes after 9 months negative chart setup for the $2.19B company. It was reported on Nov, 30 by Barchart.com. We have $19.62 PT which if reached, will make NYSE:PFGC worth $175.20M less.
Analysts await Performance Food Group Co (NYSE:PFGC) to report earnings on February, 1. They expect $0.31 EPS, up 19.23% or $0.05 from last year’s $0.26 per share. PFGC’s profit will be $31.83 million for 17.20 P/E if the $0.31 EPS becomes a reality. After $0.20 actual EPS reported by Performance Food Group Co for the previous quarter, Wall Street now forecasts 55.00% EPS growth.
Performance Food Group Co (NYSE:PFGC) Ratings Coverage
Out of 9 analysts covering Performance Food Group (NYSE:PFGC), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Performance Food Group has been the topic of 13 analyst reports since October 1, 2015 according to StockzIntelligence Inc. Macquarie Research initiated Performance Food Group Co (NYSE:PFGC) on Tuesday, October 27 with “Outperform” rating. The stock has “Outperform” rating given by Credit Suisse on Tuesday, October 27. The firm has “Buy” rating by Guggenheim given on Tuesday, October 27. As per Friday, October 14, the company rating was initiated by BMO Capital Markets. As per Tuesday, October 27, the company rating was initiated by Wells Fargo. The stock of Performance Food Group Co (NYSE:PFGC) has “Hold” rating given on Thursday, October 1 by Pivotal Research. The firm has “Hold” rating given on Thursday, August 18 by Pivotal Research. Pivotal Research maintained Performance Food Group Co (NYSE:PFGC) on Wednesday, November 9 with “Hold” rating. The rating was initiated by Barclays Capital on Friday, September 23 with “Overweight”. Barclays Capital initiated the shares of PFGC in a report on Tuesday, October 27 with “Overweight” rating.
According to Zacks Investment Research, “Performance Food Group Company markets and distributes food and food-related products. Its operating segment consists of Foodservice, Vistar, and PFG Customized. Foodservice segment offers appetizers and soups, beverages, canned and dry foods, cheese, dairy products and eggs, desserts and breads, dressing sauces and oils, non-foods, pizzas and pastas, prepared foods, produce and vegetables and seafood products. Vistar segment offers candies, gum and mints, snacks, cold beverages, frozen products, coffees, ice creams, frozen and refrigerated entrees, disposables, cleaners and more. PFG Customized segment offers seafood, meats, produce, dairy products and smallwares. The company serves independent and national chain restaurants, quick-service eateries, pizzerias, theaters, schools, hotels, healthcare facilities and other institutions. Performance Food Group Company is headquartered in Richmond, Virginia.”
More important recent Performance Food Group Co (NYSE:PFGC) news were published by: Forbes.com which released: “$16B Performance Food Group’s CIO Terry West Manages Through Dramatic Change” on November 28, 2016, also Forbes.com published article titled: “Performance Food Group is Now Oversold (PFGC)”, Reuters.com published: “BRIEF-Performance Food Group company names Tom Ondrof Executive Vice Presi…” on September 22, 2016. More interesting news about Performance Food Group Co (NYSE:PFGC) was released by: Businesswire.com and their article: “Performance Food Group Company Reports First-Quarter Fiscal 2017 Results” with publication date: November 08, 2016.
PFGC Company Profile
Performance Food Group Company, incorporated on July 23, 2002, through its subsidiaries, markets and distributes food and food-related products. The Firm operates through three divisions: 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 (Performance Brands). The Performance Foodservice segment sells to independent or street, and multi-unit or chain, restaurants and other institutions, such as schools, healthcare facilities, and business and industry locations. The Company’s PFG Customized segment provides service to family and casual dining restaurant chains, and fast casual and quick service restaurant chains. The Company’s Vistar segment specializes in distributing candy, snacks, beverages and other items nationally to the vending, office coffee service, theater, retail, hospitality and other channels. The Company’s Cross-segment synergies include procurement, operational practices, such as the use of productivity technologies, and supply chain and network optimization, as well as shared corporate functions.
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