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

Shares of Performance Food Group Company (NYSE:PFGC) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $116.4444.

PFGC has been the topic of several research reports. Zacks Research lowered Performance Food Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a report on Monday, December 29th. Morgan Stanley lowered their target price on shares of Performance Food Group from $123.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Barclays dropped their target price 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, UBS Group decreased their price target on shares of Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, February 5th.

Insider Activity at Performance Food Group

In related news, insider Chasity D. Grosh sold 1,843 shares of Performance Food Group stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $92.03, for a total value of $169,611.29. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Performance Food Group

Several large investors have recently added to or reduced their stakes in PFGC. Hsbc Holdings PLC raised its stake in Performance Food Group by 30.9% during the 4th quarter. Hsbc Holdings PLC now owns 48,951 shares of the food distribution company’s stock valued at $4,408,000 after acquiring an additional 11,569 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Performance Food Group by 698.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,685 shares of the food distribution company’s stock worth $152,000 after acquiring an additional 1,474 shares during the period. Compound Planning Inc. grew its stake in shares of Performance Food Group by 8.5% in the fourth quarter. Compound Planning Inc. now owns 4,228 shares of the food distribution company’s stock worth $380,000 after purchasing an additional 332 shares in the last quarter. XTX Topco Ltd grew its stake in shares of Performance Food Group by 219.6% in the fourth quarter. XTX Topco Ltd now owns 28,691 shares of the food distribution company’s stock worth $2,580,000 after purchasing an additional 19,715 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Performance Food Group during the fourth quarter valued at $2,802,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $88.19 on Friday. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 40.09, a PEG ratio of 1.24 and a beta of 0.91. Performance Food Group has a one year low of $68.39 and a one year high of $109.05. The company’s 50-day simple moving average is $93.43 and its 200-day simple moving average is $96.70. 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 (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, February 4th. The food distribution company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.09). Performance Food Group had a net margin of 0.52% and a return on equity of 15.64%. The firm had revenue of $16.44 billion during the quarter, compared to the consensus estimate of $16.54 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts anticipate 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.