Analysts Set Performance Food Group Company (NYSE:PFGC) PT at $100.31

Performance Food Group Company (NYSE:PFGC) has been given a consensus rating of “Moderate Buy” by the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $100.3077.

PFGC has been the topic of several analyst reports. UBS Group raised their target price on Performance Food Group from $103.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the company an “overweight” rating in a report on Thursday, May 29th. Citigroup started coverage on shares of Performance Food Group in a research note on Thursday, May 22nd. They set a “buy” rating and a $121.00 price objective on the stock. Wall Street Zen lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 6th. Finally, Truist Financial dropped their price target on shares of Performance Food Group from $104.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th.

Performance Food Group Stock Down 0.2%

PFGC stock opened at $97.98 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 1.49. The firm’s 50-day simple moving average is $91.80 and its 200 day simple moving average is $85.39. The stock has a market cap of $15.29 billion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20. Performance Food Group has a fifty-two week low of $64.15 and a fifty-two week high of $103.50.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). The business had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $15.41 billion. Performance Food Group had a net margin of 0.61% and a return on equity of 16.17%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $0.80 EPS. As a group, sell-side analysts predict that Performance Food Group will post 4.58 EPS for the current year.

Insider Buying and Selling

In other news, insider Craig Howard Hoskins sold 19,113 shares of the firm’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $87.55, for a total transaction of $1,673,343.15. Following the completion of the sale, the insider directly owned 152,293 shares of the company’s stock, valued at $13,333,252.15. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Erika T. Davis sold 8,200 shares of the business’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $89.72, for a total value of $735,704.00. Following the sale, the insider directly owned 46,722 shares in the company, valued at $4,191,897.84. This trade represents a 14.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,172 shares of company stock valued at $7,534,748 in the last three months. Insiders own 2.80% of the company’s stock.

Institutional Trading of Performance Food Group

A number of hedge funds have recently bought and sold shares of PFGC. SG Americas Securities LLC raised its holdings in shares of Performance Food Group by 746.2% during the first quarter. SG Americas Securities LLC now owns 11,178 shares of the food distribution company’s stock valued at $879,000 after acquiring an additional 9,857 shares during the period. LPL Financial LLC raised its stake in Performance Food Group by 37.1% during the 4th quarter. LPL Financial LLC now owns 93,183 shares of the food distribution company’s stock valued at $7,992,000 after purchasing an additional 25,192 shares during the period. UMB Bank n.a. raised its stake in Performance Food Group by 52.6% during the 1st quarter. UMB Bank n.a. now owns 1,169 shares of the food distribution company’s stock valued at $92,000 after purchasing an additional 403 shares during the period. Ground Swell Capital LLC purchased a new stake in shares of Performance Food Group in the fourth quarter valued at $659,000. Finally, Signaturefd LLC boosted its position in shares of Performance Food Group by 60.9% in the first quarter. Signaturefd LLC now owns 830 shares of the food distribution company’s stock worth $65,000 after buying an additional 314 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

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.