Performance Food Group Co (PFGC) was Reiterated by Pivotal Research Group to “Hold” while Lowering the Price Target of the company shares to $ 25 from a previous price target of $27 . Pivotal Research Group advised their investors in a research report released on Aug 18, 2016.
On the company’s financial health, Performance Food Group Co reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 17, 2016. Analyst had a consensus of $0.39. The company had revenue of $4372.90 million for the quarter, compared to analysts expectations of $4457.70 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.
Performance Food Group Company is a foodservice distribution company. The Company markets and distributes approximately 150000 food and food-related products from 67 distribution centers to around 150000 customer locations across the United States. The Company operates through three business segments: Performance Foodservice PFG Customized and Vistar. The Performance Foodservice segment is a foodservice distributor in the United States which serves around 85000 customer locations with around 125000 food and food-related products. The PFG Customized segment acts as a distributor to the family and casual dining channel. The Vistar segment is engaged in distributing candy snacks and beverages to vending and office coffee service distributors big box retailers and theaters.