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

Performance Food Group Company (NYSE:PFGC) has received an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $116.4444.

Several analysts have commented on PFGC shares. Guggenheim reiterated a “buy” rating on shares of Performance Food Group in a research note on Thursday, December 18th. Citigroup dropped their price objective on Performance Food Group from $127.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Zacks Research lowered Performance Food Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Barclays dropped their price target on shares of Performance Food Group from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Performance Food Group in a report on Thursday, February 5th.

Insider Buying and Selling

In other news, insider Chasity D. Grosh sold 1,843 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $92.03, for a total value of $169,611.29. Following the transaction, the insider directly owned 6,601 shares in the company, valued at $607,490.03. This trade represents a 21.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in shares of 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 valued at $1,134,000 after purchasing an additional 113 shares during the last quarter. Parkside Financial Bank & Trust grew its position in 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 valued at $32,000 after buying an additional 123 shares during the period. Thrivent Financial for Lutherans increased its holdings in Performance Food Group by 0.3% during the second quarter. Thrivent Financial for Lutherans now owns 36,752 shares of the food distribution company’s stock valued at $3,215,000 after buying an additional 125 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Performance Food Group by 1.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,124 shares of the food distribution company’s stock valued at $711,000 after buying an additional 131 shares during the last quarter. Finally, Arax Advisory Partners raised its position in Performance Food Group by 7.4% in the fourth quarter. Arax Advisory Partners now owns 2,043 shares of the food distribution company’s stock worth $184,000 after acquiring an additional 140 shares during the period. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $98.25 on Wednesday. The company has a market capitalization of $15.41 billion, a price-to-earnings ratio of 44.66, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 1.60. Performance Food Group has a one year low of $68.39 and a one year high of $109.05. The company’s 50-day moving average is $93.17 and its 200 day moving average is $97.53.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, February 4th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.09). The firm had revenue of $16.44 billion during the quarter, compared to the consensus estimate of $16.54 billion. Performance Food Group had a return on equity of 15.64% and a net margin of 0.52%.The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. Sell-side analysts expect that Performance Food Group will post 4.58 EPS for the current fiscal year.

About Performance Food Group

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.