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

Performance Food Group Company (NYSE:PFGC) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $116.2222.

PFGC has been the topic of a number of research reports. Guggenheim reissued a “buy” rating on shares of Performance Food Group in a research note on Thursday, December 18th. Barclays boosted their price objective on Performance Food Group from $118.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a report on Monday, December 22nd. Sanford C. Bernstein assumed coverage on Performance Food Group in a report on Wednesday, October 22nd. They issued an “outperform” rating and a $130.00 price target for the company. Finally, Piper Sandler dropped their price objective on shares of Performance Food Group from $116.00 to $111.00 and set an “overweight” rating on the stock in a research note on Friday, December 12th.

Institutional Investors Weigh In On Performance Food Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its stake in shares of Performance Food Group by 8.7% during the first quarter. Hsbc Holdings PLC now owns 2,837 shares of the food distribution company’s stock valued at $222,000 after acquiring an additional 227 shares in the last quarter. Vident Advisory LLC acquired a new position in shares of Performance Food Group in the first quarter worth about $462,000. Bain Capital Public Equity LP boosted its holdings in Performance Food Group by 23.4% in the first quarter. Bain Capital Public Equity LP now owns 120,806 shares of the food distribution company’s stock valued at $9,499,000 after purchasing an additional 22,907 shares during the last quarter. Bain Capital Public Equity Management II LLC grew its stake in Performance Food Group by 14.1% during the 1st quarter. Bain Capital Public Equity Management II LLC now owns 2,377,994 shares of the food distribution company’s stock valued at $186,982,000 after purchasing an additional 293,837 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Performance Food Group by 4.2% during the 1st quarter. Alliancebernstein L.P. now owns 231,846 shares of the food distribution company’s stock valued at $18,230,000 after purchasing an additional 9,343 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Trading Down 0.3%

Shares of PFGC stock opened at $91.44 on Tuesday. The stock has a market cap of $14.34 billion, a P/E ratio of 43.96, a P/E/G ratio of 1.11 and a beta of 0.94. The company has a quick ratio of 0.70, a current ratio of 1.67 and a debt-to-equity ratio of 1.55. Performance Food Group has a fifty-two week low of $68.39 and a fifty-two week high of $109.05. The business has a fifty day simple moving average of $95.32 and a 200-day simple moving average of $97.32.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, November 5th. The food distribution company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $17.08 billion for the quarter, compared to analyst estimates of $16.87 billion. During the same quarter last year, the company earned $1.16 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts forecast that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

Performance Food Group Company Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.