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

Shares of Performance Food Group (NYSE:PFGC) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $81.25.

A number of research firms have recently commented on PFGC. 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 research note on Thursday, February 8th. Barclays boosted their price objective on shares of Performance Food Group from $78.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Stephens upped their price objective on shares of Performance Food Group from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Finally, Morgan Stanley increased their price target on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th.

Institutional Investors Weigh In On Performance Food Group

A number of institutional investors have recently added to or reduced their stakes in PFGC. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Performance Food Group during the fourth quarter worth about $29,000. GAMMA Investing LLC purchased a new position in shares of Performance Food Group during the 4th quarter valued at about $29,000. Rise Advisors LLC acquired a new position in shares of Performance Food Group in the 1st quarter valued at about $29,000. Signaturefd LLC raised its position in Performance Food Group by 38.8% during the fourth quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock valued at $35,000 after acquiring an additional 143 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in Performance Food Group in the first quarter valued at approximately $44,000. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Performance

Shares of Performance Food Group stock opened at $69.18 on Thursday. The company has a 50 day moving average of $72.57 and a 200-day moving average of $69.25. The company has a current ratio of 1.71, a quick ratio of 0.75 and a debt-to-equity ratio of 1.05. Performance Food Group has a 1-year low of $52.92 and a 1-year high of $78.54. The company has a market cap of $10.76 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 0.95 and a beta of 1.40.

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