Performance Food Group (NYSE:PFGC) Receives $95.73 Consensus PT from Analysts

Performance Food Group (NYSE:PFGC) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $95.73.

Several analysts recently weighed in on the stock. Guggenheim raised their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial raised their price objective on shares of Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a report on Friday, November 8th. Melius Research raised Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. BMO Capital Markets lifted their price target on Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Barclays dropped their price objective on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th.

Insider Activity

In other news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were 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 of the company’s stock, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Performance Food Group

A number of hedge funds and other institutional investors have recently made changes to their positions in PFGC. Bryce Point Capital LLC acquired a new stake in Performance Food Group during the 4th quarter worth approximately $554,000. National Bank of Canada FI lifted its holdings in shares of Performance Food Group by 3,451.8% during the fourth quarter. National Bank of Canada FI now owns 130,707 shares of the food distribution company’s stock worth $11,051,000 after purchasing an additional 127,027 shares during the period. HighPoint Advisor Group LLC grew its position in Performance Food Group by 2.7% in the 4th quarter. HighPoint Advisor Group LLC now owns 4,630 shares of the food distribution company’s stock valued at $389,000 after buying an additional 121 shares during the last quarter. Franklin Resources Inc. increased its stake in Performance Food Group by 0.9% in the 4th quarter. Franklin Resources Inc. now owns 226,531 shares of the food distribution company’s stock valued at $19,153,000 after buying an additional 2,064 shares during the period. Finally, Wellington Management Group LLP raised its position in Performance Food Group by 3.9% during the 4th quarter. Wellington Management Group LLP now owns 3,909,635 shares of the food distribution company’s stock worth $330,560,000 after buying an additional 147,080 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Price Performance

Performance Food Group stock opened at $85.45 on Friday. The company’s 50 day moving average is $87.09 and its two-hundred day moving average is $81.14. The firm has a market cap of $13.35 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The company has a quick ratio of 0.73, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. On average, research analysts expect that Performance Food Group will post 4.6 EPS for the current fiscal year.

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.