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

Performance Food Group (NYSE:PFGC) has earned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $95.73.

Several brokerages recently weighed in on PFGC. Barclays dropped their target price on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Melius initiated coverage on shares of Performance Food Group in a report on Wednesday, December 18th. They set a “hold” rating and a $95.00 price objective for the company. Truist Financial increased their price objective 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. BMO Capital Markets increased their price objective on shares of Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Melius Research raised shares of Performance Food Group to a “hold” rating in a report on Wednesday, December 18th.

Performance Food Group Trading Down 1.8 %

Shares of PFGC stock opened at $81.51 on Wednesday. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The firm has a fifty day moving average price of $86.19 and a 200-day moving average price of $82.93. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 0.96 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. As a group, equities analysts predict that Performance Food Group will post 4.58 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the sale, the insider now directly owns 172,372 shares of the company’s stock, valued at $14,582,671.20. This represents a 10.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Performance Food Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its stake in Performance Food Group by 26.3% in the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock worth $1,043,293,000 after acquiring an additional 2,773,547 shares in the last quarter. Victory Capital Management Inc. grew its stake in Performance Food Group by 154.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company’s stock worth $330,625,000 after acquiring an additional 2,371,818 shares in the last quarter. Norges Bank bought a new position in Performance Food Group in the 4th quarter worth about $164,471,000. Junto Capital Management LP grew its stake in Performance Food Group by 419.9% in the 4th quarter. Junto Capital Management LP now owns 1,406,080 shares of the food distribution company’s stock worth $118,884,000 after acquiring an additional 1,135,641 shares in the last quarter. Finally, Holocene Advisors LP grew its stake in Performance Food Group by 32.0% in the 3rd 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 in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

About Performance Food Group

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.