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

Performance Food Group (NYSE:PFGC) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $81.25.

PFGC has been the subject of a number of research reports. BMO Capital Markets lifted their target price on Performance Food Group from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Stephens raised their price target on Performance Food Group from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Barclays raised their price target on Performance Food Group from $78.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Morgan Stanley raised their price target on Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday.

Hedge Funds Weigh In On Performance Food Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC acquired a new position in Performance Food Group in the first quarter valued at approximately $29,000. GAMMA Investing LLC bought a new stake in shares of Performance Food Group during the fourth quarter valued at approximately $29,000. McGlone Suttner Wealth Management Inc. bought a new stake in Performance Food Group during the fourth quarter worth $29,000. Signaturefd LLC grew its holdings in Performance Food Group by 38.8% during the fourth quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock worth $35,000 after buying an additional 143 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in Performance Food Group during the first quarter worth $44,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Trading Down 2.8 %

Shares of Performance Food Group stock opened at $69.22 on Friday. The business has a fifty day simple moving average of $74.42 and a two-hundred day simple moving average of $67.65. Performance Food Group has a 1 year low of $52.92 and a 1 year high of $78.54. The company has a market capitalization of $10.77 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 1.01 and a beta of 1.38. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.71 and a quick ratio of 0.75.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. The business had revenue of $14.30 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period in the prior year, the business earned $0.83 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Research analysts forecast that Performance Food Group will post 4.26 EPS for the current 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.