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

Shares of Performance Food Group Company (NYSE:PFGC) have received a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $118.2222.

A number of equities research analysts have issued reports on PFGC shares. Citigroup reduced their price target on Performance Food Group from $134.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 7th. Barclays dropped their price objective on Performance Food Group from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. Sanford C. Bernstein began coverage on shares of Performance Food Group in a report on Wednesday, October 22nd. They issued an “outperform” rating and a $130.00 target price on the stock. Guggenheim reaffirmed a “buy” rating on shares of Performance Food Group in a research note on Thursday, December 18th. Finally, UBS Group restated a “buy” rating and set a $120.00 price objective on shares of Performance Food Group in a research report on Friday, December 19th.

Hedge Funds Weigh In On Performance Food Group

Institutional investors have recently made changes to their positions in the stock. Moody Lynn & Lieberson LLC bought a new position in Performance Food Group in the second quarter worth approximately $1,390,000. Norges Bank purchased a new position in Performance Food Group during the 2nd quarter worth $163,954,000. Braun Stacey Associates Inc. purchased a new position in Performance Food Group during the third quarter worth about $13,055,000. Triasima Portfolio Management inc. purchased a new position in shares of Performance Food Group in the 2nd quarter worth approximately $248,000. Finally, Primecap Management Co. CA boosted its position in Performance Food Group by 22.1% in the second quarter. Primecap Management Co. CA now owns 2,571,507 shares of the food distribution company’s stock worth $224,930,000 after purchasing an additional 465,807 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Stock Down 0.4%

Performance Food Group stock opened at $93.80 on Friday. Performance Food Group has a 12 month low of $68.39 and a 12 month high of $109.05. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.67 and a quick ratio of 0.70. The business has a 50 day simple moving average of $93.04 and a 200-day simple moving average of $97.84. The stock has a market capitalization of $14.71 billion, a PE ratio of 45.10, a price-to-earnings-growth ratio of 1.14 and a beta of 0.93.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share for the quarter, topping 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 business had revenue of $17.08 billion for the quarter, compared to analysts’ expectations of $16.87 billion. During the same period in the previous year, the firm posted $1.16 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts anticipate that Performance Food Group will post 4.58 EPS 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.