Performance Food Group (NYSE:PFGC) Receives Average Rating of “Moderate Buy” from Analysts

Performance Food Group (NYSE:PFGC) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $94.27.

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. BMO Capital Markets upped their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Guggenheim increased their price target on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Truist Financial boosted their price objective on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, August 15th.

Insider Activity

In other Performance Food Group news, insider Patrick T. Hagerty sold 8,000 shares of Performance Food Group stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the transaction, the insider now owns 162,987 shares of the company’s stock, valued at $12,152,310.72. This trade represents a 4.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of Performance Food Group

A number of institutional investors and hedge funds have recently modified their holdings of PFGC. FMR LLC increased its position in shares of Performance Food Group by 26.3% during the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock valued at $1,043,293,000 after purchasing an additional 2,773,547 shares during the last quarter. State Street Corp increased its holdings in Performance Food Group by 2.2% during the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock worth $360,197,000 after buying an additional 97,069 shares during the last quarter. Holocene Advisors LP raised its position in Performance Food Group by 32.0% in the third quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company’s stock worth $234,174,000 after acquiring an additional 724,094 shares during the period. Geode Capital Management LLC boosted its stake in Performance Food Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,587,054 shares of the food distribution company’s stock valued at $202,803,000 after acquiring an additional 36,385 shares during the last quarter. Finally, Eminence Capital LP boosted its stake in Performance Food Group by 7.4% in the second quarter. Eminence Capital LP now owns 2,398,614 shares of the food distribution company’s stock valued at $158,572,000 after acquiring an additional 164,472 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Trading Up 1.4 %

Shares of NYSE:PFGC opened at $87.59 on Monday. Performance Food Group has a one year low of $61.60 and a one year high of $89.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73. The company’s 50-day moving average price is $81.33 and its two-hundred day moving average price is $73.35. The stock has a market capitalization of $13.65 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 0.93 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The company had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $15.22 billion. During the same period in the previous year, the company earned $1.15 earnings per share. Performance Food Group’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities analysts forecast that Performance Food Group will post 4.73 EPS for the current fiscal year.

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 through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.