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

Performance Food Group (NYSE:PFGC) has been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $94.33.

Several analysts recently weighed in on PFGC shares. StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Piper Sandler boosted their price objective on Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Melius assumed coverage on Performance Food Group in a research note on Wednesday, December 18th. They set a “hold” rating and a $95.00 target price on the stock. Barclays lifted their target price on Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group raised their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th.

Insider Buying and Selling

In other news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the transaction, 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.

Hedge Funds Weigh In On Performance Food Group

Several hedge funds and other institutional investors have recently bought and sold shares of PFGC. CIBC Asset Management Inc grew its position in shares of Performance Food Group by 3.2% in the third quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock valued at $354,000 after purchasing an additional 139 shares during the last quarter. Creative Planning lifted its stake in Performance Food Group by 1.2% in the 3rd quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock valued at $916,000 after buying an additional 140 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in Performance Food Group by 3.5% during the 3rd 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 last quarter. Northwestern Mutual Wealth Management Co. increased its position in Performance Food Group by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company’s stock worth $469,000 after buying an additional 160 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Performance Food Group by 0.4% in the second 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 owned by institutional investors and hedge funds.

Performance Food Group Stock Performance

PFGC opened at $84.73 on Tuesday. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The firm has a market capitalization of $13.20 billion, a PE ratio of 31.27, a PEG ratio of 0.95 and a beta of 1.43. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12. The firm’s 50-day moving average price is $86.22 and its 200 day moving average price is $77.65.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The company had revenue of $15.42 billion for the quarter, compared to analyst estimates of $15.22 billion. During the same period last year, the firm posted $1.15 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts expect that Performance Food Group will post 4.73 EPS for the current fiscal year.

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.