Performance Food Group (NYSE:PFGC) PT Raised to $80.00 at Truist Financial

Performance Food Group (NYSE:PFGC – Get Rating) had its target price hoisted by stock analysts at Truist Financial from $75.00 to $80.00 in a note issued to investors on Friday, The Fly reports. Truist Financial’s target price suggests a potential upside of 32.74% from the company’s current price.

PFGC has been the subject of a number of other reports. UBS Group boosted their price target on Performance Food Group from $72.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Stephens restated an “overweight” rating and set a $68.00 price objective on shares of Performance Food Group in a research note on Friday, February 24th. Morgan Stanley upped their price objective on Performance Food Group from $67.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 18th. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, TheStreet raised Performance Food Group from a “c+” rating to a “b” rating in a research note on Monday, March 20th. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $72.82.

Performance Food Group Trading Up 0.3 %

Performance Food Group stock opened at $60.27 on Friday. The stock has a market cap of $9.41 billion, a PE ratio of 35.04 and a beta of 1.36. The stock has a 50-day moving average price of $59.20 and a 200 day moving average price of $58.71. Performance Food Group has a 52 week low of $38.23 and a 52 week high of $63.22. The company has a current ratio of 1.71, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16.

Performance Food Group (NYSE:PFGC – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The food distribution company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.76 by $0.07. Performance Food Group had a return on equity of 16.15% and a net margin of 0.47%. The company had revenue of $13.90 billion during the quarter, compared to analysts’ expectations of $13.89 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. Equities research analysts predict that Performance Food Group will post 3.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In other news, insider Donald S. Bulmer sold 970 shares of the stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $59.81, for a total transaction of $58,015.70. Following the transaction, the insider now owns 33,196 shares in the company, valued at $1,985,452.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Performance Food Group news, insider Patrick T. Hagerty sold 500 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $56.31, for a total value of $28,155.00. Following the sale, the insider now owns 153,790 shares of the company’s stock, valued at approximately $8,659,914.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Donald S. Bulmer sold 970 shares of the firm’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $59.81, for a total value of $58,015.70. Following the completion of the sale, the insider now directly owns 33,196 shares in the company, valued at approximately $1,985,452.76. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Performance Food Group

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Performance Food Group by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 15,062,328 shares of the food distribution company’s stock worth $766,824,000 after purchasing an additional 155,981 shares during the last quarter. BlackRock Inc. boosted its stake in Performance Food Group by 0.3% during the 1st quarter. BlackRock Inc. now owns 13,608,782 shares of the food distribution company’s stock valued at $821,154,000 after purchasing an additional 44,032 shares during the last quarter. Wellington Management Group LLP boosted its stake in Performance Food Group by 11.3% during the 1st quarter. Wellington Management Group LLP now owns 13,298,661 shares of the food distribution company’s stock valued at $677,034,000 after purchasing an additional 1,349,095 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Performance Food Group by 4.7% during the 1st quarter. Clearbridge Investments LLC now owns 5,481,192 shares of the food distribution company’s stock valued at $279,047,000 after purchasing an additional 248,404 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Performance Food Group by 106.4% during the 4th quarter. Morgan Stanley now owns 4,921,712 shares of the food distribution company’s stock valued at $287,379,000 after purchasing an additional 2,536,638 shares during the last quarter. Institutional investors and hedge funds own 97.35% of the company’s stock.

About Performance Food Group

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Performance Food Group Co engages in the market and distribution of food products. It operates through the following segments: Foodservice, Vistar, & Convenience. The Foodservices segment delivers food and food-related products to independent restaurants, chain restaurants, and other institutional food-away-from-home locations.