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

Performance Food Group (NYSE:PFGC) has been given an average rating of “Moderate Buy” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $95.73.

Several equities analysts have issued reports on the company. Truist Financial raised their price objective on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Guggenheim boosted their price objective 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. Morgan Stanley raised their target price on shares of 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. Melius assumed coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 price target for the company. Finally, Barclays decreased their price objective on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th.

Performance Food Group Price Performance

Shares of PFGC opened at $87.20 on Friday. The firm has a market capitalization of $13.62 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 0.96 and a beta of 1.44. The firm’s fifty day simple moving average is $86.96 and its 200-day simple moving average is $81.22. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The company has a current ratio of 1.67, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56.

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%. Equities analysts forecast that Performance Food Group will post 4.6 EPS for the current fiscal year.

Insider Activity

In related news, insider Craig Howard Hoskins sold 20,496 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total value of $1,809,386.88. Following the completion of the transaction, the insider now directly owns 192,868 shares of the company’s stock, valued at $17,026,387.04. This trade represents a 9.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Trading of Performance Food Group

Institutional investors have recently bought and sold shares of the company. Creative Planning boosted its position in shares of Performance Food Group by 102.7% in the 2nd quarter. Creative Planning now owns 11,544 shares of the food distribution company’s stock worth $763,000 after buying an additional 5,849 shares in the last quarter. Cetera Investment Advisers grew its position 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 valued at $3,044,000 after purchasing an additional 186 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Performance Food Group during the 2nd quarter worth approximately $243,000. GAMMA Investing LLC raised its position in shares of Performance Food Group by 30.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,157 shares of the food distribution company’s stock worth $91,000 after purchasing an additional 273 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Performance Food Group by 414.8% in the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock valued at $36,000 after buying an additional 365 shares in the last quarter. 96.87% of the stock is currently 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.