Performance Food Group (NYSE:PFGC) Given Average Rating of “Moderate Buy” by Brokerages

Performance Food Group (NYSE:PFGC) has received a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $95.73.

Several analysts recently issued reports on the stock. Melius Research raised shares of Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Truist Financial upped their price target on shares of Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler lowered Performance Food Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $92.00 to $90.00 in a research note on Friday. Melius initiated coverage on Performance Food Group in a research note on Wednesday, December 18th. They set a “hold” rating and a $95.00 target price for the company. Finally, Morgan Stanley lifted their price target on Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st.

Insider Buying and Selling at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total value of $1,809,386.88. Following the sale, the insider now directly owns 192,868 shares of the company’s stock, valued at approximately $17,026,387.04. The trade was a 9.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Performance Food Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its position in shares of Performance Food Group by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock valued at $354,000 after acquiring an additional 139 shares during the period. Creative Planning increased its position in Performance Food Group by 1.2% during the third quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock worth $916,000 after buying an additional 140 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in Performance Food Group by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock valued at $329,000 after buying an additional 142 shares during the period. Highland Capital Management LLC boosted its stake in shares of Performance Food Group by 6.7% during the 4th quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company’s stock worth $246,000 after acquiring an additional 183 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Performance Food Group by 0.4% during the 2nd quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company’s stock worth $3,044,000 after acquiring an additional 186 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Price Performance

Shares of PFGC opened at $85.10 on Friday. The company has a market capitalization of $13.26 billion, a price-to-earnings ratio of 31.40, a P/E/G ratio of 0.97 and a beta of 1.44. 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 business’s 50-day moving average is $87.31 and its 200-day moving average is $80.53. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. Equities research analysts expect that Performance Food Group will post 4.74 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.