Performance Food Group (NYSE:PFGC) PT Raised to $98.00

Performance Food Group (NYSE:PFGC) had its price target lifted by Barclays from $88.00 to $98.00 in a research note published on Tuesday, Benzinga reports. The firm currently has an overweight rating on the food distribution company’s stock.

A number of other research firms have also recently commented on PFGC. Deutsche Bank Aktiengesellschaft upped their price target on Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Jefferies Financial Group increased their target price on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Morgan Stanley dropped their target price on Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Truist Financial increased their price target on shares of Performance Food Group from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Finally, BMO Capital Markets lifted their price objective on shares of Performance Food Group from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Performance Food Group currently has an average rating of “Moderate Buy” and an average price target of $88.88.

Performance Food Group Stock Performance

Shares of Performance Food Group stock opened at $82.58 on Tuesday. The firm has a market cap of $12.87 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 0.83 and a beta of 1.45. The company has a quick ratio of 0.76, a current ratio of 1.64 and a debt-to-equity ratio of 0.95. Performance Food Group has a 52 week low of $54.71 and a 52 week high of $83.70. The business’s fifty day simple moving average is $76.91 and its 200-day simple moving average is $71.15.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.08. The company had revenue of $15.20 billion during the quarter, compared to analyst estimates of $15.25 billion. Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. Performance Food Group’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 earnings per share. Equities analysts forecast that Performance Food Group will post 4.88 earnings per share for the current year.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider George L. Holm sold 63,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the completion of the transaction, the insider now owns 531,556 shares in the company, valued at $39,085,312.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Kimberly Grant sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total transaction of $294,440.00. Following the sale, the director now owns 10,184 shares of the company’s stock, valued at approximately $749,644.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider George L. Holm sold 63,500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $73.53, for a total value of $4,669,155.00. Following the completion of the transaction, the insider now directly owns 531,556 shares of the company’s stock, valued at $39,085,312.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock valued at $7,426,075 over the last 90 days. 2.80% of the stock is owned by corporate insiders.

Institutional Trading of Performance Food Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in Performance Food Group during the 1st quarter worth $44,000. Oak Thistle LLC purchased a new stake in shares of Performance Food Group in the 1st quarter valued at about $449,000. Vaughan Nelson Investment Management L.P. boosted its position in shares of Performance Food Group by 34.2% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 388,712 shares of the food distribution company’s stock valued at $29,013,000 after purchasing an additional 99,110 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Performance Food Group by 12.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,305 shares of the food distribution company’s stock worth $396,000 after buying an additional 584 shares during the last quarter. Finally, State of Michigan Retirement System increased its position in Performance Food Group by 2.4% during the first quarter. State of Michigan Retirement System now owns 38,203 shares of the food distribution company’s stock worth $2,851,000 after buying an additional 900 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

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.