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

Shares of Performance Food Group Company (NYSE:PFGC) have received an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $114.60.

Several brokerages have weighed in on PFGC. Wells Fargo & Company upped their target price on Performance Food Group from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Guggenheim restated a “buy” rating and set a $115.00 price objective on shares of Performance Food Group in a report on Tuesday, August 26th. Wall Street Zen cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Sanford C. Bernstein began coverage on Performance Food Group in a report on Wednesday, October 22nd. They set an “outperform” rating and a $130.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a report on Monday.

Hedge Funds Weigh In On Performance Food Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in Performance Food Group by 1.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,897 shares of the food distribution company’s stock worth $1,134,000 after buying an additional 113 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Performance Food Group by 51.3% during the second quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock worth $32,000 after purchasing an additional 123 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Performance Food Group by 0.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 36,752 shares of the food distribution company’s stock valued at $3,215,000 after purchasing an additional 125 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Performance Food Group by 1.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,124 shares of the food distribution company’s stock valued at $711,000 after purchasing an additional 131 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Performance Food Group by 4.6% during the third quarter. US Bancorp DE now owns 3,283 shares of the food distribution company’s stock worth $342,000 after acquiring an additional 144 shares during the period. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Price Performance

NYSE PFGC opened at $92.88 on Friday. The company’s 50 day simple moving average is $98.50 and its 200 day simple moving average is $96.55. Performance Food Group has a 12 month low of $68.39 and a 12 month high of $109.05. The firm has a market capitalization of $14.56 billion, a PE ratio of 44.65, a P/E/G ratio of 1.12 and a beta of 0.94. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.67 and a quick ratio of 0.70.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. Performance Food Group had a return on equity of 15.97% and a net margin of 0.50%.The company had revenue of $17.08 billion for the quarter, compared to analysts’ expectations of $16.87 billion. During the same quarter in the prior year, the company earned $1.16 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts forecast that Performance Food Group will post 4.58 EPS for the current fiscal 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.