Performance Food Group (NYSE:PFGC) Cut to Hold at Wall Street Zen

Performance Food Group (NYSE:PFGC) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other analysts also recently issued reports on the stock. Morgan Stanley raised their price target on shares of Performance Food Group from $93.00 to $96.00 and gave the stock an “equal weight” rating in a report on Monday, July 14th. Wells Fargo & Company raised their price target on shares of Performance Food Group from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Performance Food Group in a report on Saturday, September 27th. Piper Sandler upgraded shares of Performance Food Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $90.00 to $114.00 in a report on Tuesday, September 2nd. Finally, Guggenheim restated a “buy” rating and set a $115.00 price target on shares of Performance Food Group in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.00.

Performance Food Group Stock Up 0.2%

PFGC stock opened at $102.62 on Friday. The company has a market cap of $16.06 billion, a price-to-earnings ratio of 47.29, a PEG ratio of 1.15 and a beta of 1.09. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51. Performance Food Group has a 12 month low of $68.39 and a 12 month high of $109.05. The firm has a 50-day moving average of $102.21 and a two-hundred day moving average of $90.76.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The company had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $16.85 billion. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. Performance Food Group’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, analysts forecast that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Hugh Patrick Hatcher sold 5,000 shares of Performance Food Group stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total transaction of $525,350.00. Following the completion of the sale, the insider directly owned 47,655 shares of the company’s stock, valued at approximately $5,007,110.85. The trade was a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Erika T. Davis sold 4,100 shares of Performance Food Group stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $430,746.00. Following the sale, the insider directly owned 46,541 shares of the company’s stock, valued at approximately $4,889,597.46. This trade represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,968 shares of company stock valued at $5,944,596 in the last 90 days. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Performance Food Group

Several institutional investors have recently modified their holdings of PFGC. Parkside Financial Bank & Trust raised its stake in Performance Food Group by 51.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock worth $32,000 after acquiring an additional 123 shares in the last quarter. AlphaQuest LLC raised its stake in Performance Food Group by 658.0% during the 2nd quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock worth $33,000 after acquiring an additional 329 shares in the last quarter. CENTRAL TRUST Co raised its stake in Performance Food Group by 476.5% during the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company’s stock worth $39,000 after acquiring an additional 405 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Performance Food Group by 203.7% during the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company’s stock worth $40,000 after acquiring an additional 334 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Performance Food Group during the 1st quarter worth $44,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

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.