Performance Food Group (NYSE:PFGC) Price Target Raised to $95.00

Performance Food Group (NYSE:PFGC) had its price objective lifted by BMO Capital Markets from $87.00 to $95.00 in a research report sent to investors on Thursday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the food distribution company’s stock.

A number of other research analysts also recently commented on PFGC. Morgan Stanley reissued an “equal weight” rating and set a $92.00 target price on shares of Performance Food Group in a research report on Monday, October 28th. Jefferies Financial Group boosted 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. Truist Financial increased their target price on Performance Food Group from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Barclays boosted their price target on Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Performance Food Group has an average rating of “Moderate Buy” and an average price target of $94.50.

Performance Food Group Stock Up 0.8 %

Shares of NYSE PFGC opened at $85.97 on Thursday. Performance Food Group has a 52-week low of $59.35 and a 52-week high of $89.00. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 0.88 and a beta of 1.44. The stock has a 50 day moving average price of $78.82 and a 200 day moving average price of $72.15. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 1.70.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.06). The firm had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. Performance Food Group’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 expect that Performance Food Group will post 4.84 earnings per share for the current year.

Insider Buying and Selling at Performance Food Group

In other news, insider Scott E. Mcpherson sold 25,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the sale, the insider now owns 149,863 shares in the company, valued at approximately $11,185,774.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Scott E. Mcpherson sold 25,000 shares of Performance Food Group stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the completion of the sale, the insider now directly owns 149,863 shares in the company, valued at approximately $11,185,774.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Patrick T. Hagerty sold 8,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the sale, the insider now directly owns 162,987 shares in the company, valued at $12,152,310.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,500 shares of company stock worth $7,426,075. 2.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in Performance Food Group by 12.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,305 shares of the food distribution company’s stock valued at $396,000 after buying an additional 584 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Performance Food Group in the first quarter worth $789,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Performance Food Group in the first quarter worth $1,918,000. Meeder Asset Management Inc. purchased a new position in shares of Performance Food Group during the first quarter worth $272,000. Finally, Headlands Technologies LLC lifted its position in Performance Food Group by 339.5% during the first quarter. Headlands Technologies LLC now owns 3,072 shares of the food distribution company’s stock valued at $229,000 after purchasing an additional 2,373 shares during the period. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

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.