Performance Food Group (NYSE:PFGC) Receives $94.33 Consensus Target Price from Analysts

Performance Food Group (NYSE:PFGC) has been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $94.33.

Several equities research analysts have recently issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $92.00 price objective on shares of Performance Food Group in a research note on Monday, October 28th. Jefferies Financial Group lifted their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. UBS Group increased their target price on shares of Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Guggenheim lifted their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Barclays increased their price objective on shares of Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd.

Performance Food Group Trading Up 0.9 %

PFGC stock opened at $87.76 on Tuesday. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. The firm has a fifty day moving average price of $86.37 and a 200 day moving average price of $78.27. The firm has a market cap of $13.67 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 0.91 and a beta of 1.43.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.06). The business had revenue of $15.42 billion for the quarter, compared to analysts’ expectations of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.15 earnings per share. Sell-side analysts anticipate that Performance Food Group will post 4.74 earnings per share for the current fiscal year.

Insider Activity at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the sale, the insider now directly owns 172,372 shares in the company, valued at $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Inspire Investing LLC purchased a new stake in shares of Performance Food Group in the 4th quarter worth approximately $814,000. UMB Bank n.a. lifted its holdings in Performance Food Group by 69.1% during the fourth quarter. UMB Bank n.a. now owns 766 shares of the food distribution company’s stock worth $65,000 after buying an additional 313 shares during the period. Artemis Investment Management LLP boosted its position in Performance Food Group by 121.5% during the 4th quarter. Artemis Investment Management LLP now owns 290,478 shares of the food distribution company’s stock valued at $24,560,000 after acquiring an additional 159,325 shares in the last quarter. Park Avenue Securities LLC boosted its position in Performance Food Group by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 10,537 shares of the food distribution company’s stock valued at $891,000 after acquiring an additional 1,763 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Performance Food Group by 134.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock worth $54,665,000 after acquiring an additional 371,078 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

About Performance Food Group

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.