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

Performance Food Group (NYSE:PFGC) has earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $100.08.

PFGC has been the topic of a number of recent analyst reports. Citigroup assumed coverage on Performance Food Group in a report on Thursday, May 22nd. They set a “buy” rating and a $121.00 price objective on the stock. Barclays upped their price target on shares of Performance Food Group from $100.00 to $112.00 and gave the stock an “overweight” rating in a research note on Thursday, May 29th. Truist Financial reduced their price objective on shares of Performance Food Group from $104.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Sanford C. Bernstein set a $112.00 price objective on shares of Performance Food Group and gave the stock an “overweight” rating in a report on Thursday, May 29th. Finally, Morgan Stanley increased their target price on shares of Performance Food Group from $92.00 to $93.00 and gave the company an “equal weight” rating in a report on Thursday, May 29th.

Performance Food Group Trading Up 1.0%

Shares of PFGC stock opened at $87.53 on Friday. The company has a market capitalization of $13.66 billion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 0.96 and a beta of 1.18. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The business’s 50 day moving average is $82.84 and its two-hundred day moving average is $83.75. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, May 7th. The food distribution company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). The firm had revenue of $15.31 billion for the quarter, compared to analysts’ expectations of $15.41 billion. Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. Equities analysts forecast that Performance Food Group will post 4.58 EPS for the current year.

Insider Activity at Performance Food Group

In other news, insider A Brent King sold 11,104 shares of Performance Food Group stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $88.69, for a total value of $984,813.76. Following the completion of the sale, the insider now owns 65,952 shares of the company’s stock, valued at $5,849,282.88. The trade was a 14.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Howard Hoskins sold 14,285 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $83.70, for a total value of $1,195,654.50. Following the completion of the transaction, the insider now owns 138,008 shares of the company’s stock, valued at $11,551,269.60. The trade was a 9.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,972 shares of company stock valued at $5,964,073. 2.80% of the stock is owned by insiders.

Institutional Trading of Performance Food Group

Hedge funds have recently added to or reduced their stakes in the business. Capital World Investors lifted its holdings in shares of Performance Food Group by 0.7% during the 4th quarter. Capital World Investors now owns 21,878,285 shares of the food distribution company’s stock worth $1,849,809,000 after acquiring an additional 157,987 shares during the period. FMR LLC increased its position in Performance Food Group by 0.6% during the fourth quarter. FMR LLC now owns 13,391,257 shares of the food distribution company’s stock worth $1,132,231,000 after purchasing an additional 78,855 shares during the last quarter. Victory Capital Management Inc. increased its position in Performance Food Group by 59.3% during the first quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company’s stock worth $489,800,000 after purchasing an additional 2,318,763 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Performance Food Group by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company’s stock worth $407,922,000 after purchasing an additional 1,503,703 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Performance Food Group by 1.5% in the first quarter. Wellington Management Group LLP now owns 3,966,667 shares of the food distribution company’s stock valued at $311,899,000 after acquiring an additional 57,032 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

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.