Performance Food Group Company (NYSE:PFGC) Receives $116.44 Consensus PT from Brokerages

Performance Food Group Company (NYSE:PFGC) has earned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $119.00.

Several brokerages recently commented on PFGC. Barclays upped their target price on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday. Sanford C. Bernstein reissued an “outperform” rating on shares of Performance Food Group in a research note on Thursday, February 5th. Morgan Stanley cut their price target on Performance Food Group from $123.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $123.00 price objective on shares of Performance Food Group in a research report on Thursday. Finally, UBS Group lowered their price objective on shares of Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 5th.

Performance Food Group Stock Up 0.1%

Performance Food Group stock opened at $93.25 on Monday. Performance Food Group has a 52-week low of $80.82 and a 52-week high of $109.05. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. The firm has a 50 day moving average price of $88.27 and a two-hundred day moving average price of $92.46. The firm has a market cap of $14.65 billion, a price-to-earnings ratio of 44.41, a PEG ratio of 1.47 and a beta of 0.92.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The business had revenue of $16.29 billion for the quarter, compared to analysts’ expectations of $16.17 billion. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts predict that Performance Food Group will post 4.57 EPS for the current year.

Insiders Place Their Bets

In related news, insider Chasity D. Grosh sold 1,843 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $92.03, for a total transaction of $169,611.29. Following the transaction, the insider directly owned 6,601 shares of the company’s stock, valued at approximately $607,490.03. This represents a 21.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Performance Food Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cedar Mountain Advisors LLC bought a new position in shares of Performance Food Group in the 1st quarter worth $28,000. Asset Planning Inc bought a new stake in Performance Food Group during the 1st quarter valued at $35,000. Root Financial Partners LLC bought a new stake in Performance Food Group during the 3rd quarter valued at $39,000. Torren Management LLC acquired a new position in Performance Food Group during the fourth quarter worth $41,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Performance Food Group in the fourth quarter valued at $43,000. Institutional investors own 96.87% of the company’s stock.

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.