Brokerages Set Performance Food Group (NYSE:PFGC) PT at $94.33

Performance Food Group (NYSE:PFGC) has received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $94.33.

A number of equities analysts recently commented on PFGC shares. Truist Financial raised their price target on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group upped their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. BMO Capital Markets boosted their price objective on shares of Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. UBS Group lifted their price target on Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Melius Research upgraded Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th.

Performance Food Group Stock Performance

NYSE PFGC opened at $85.22 on Friday. The stock has a market cap of $13.28 billion, a PE ratio of 31.45, a P/E/G ratio of 0.95 and a beta of 1.44. 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 50-day moving average of $85.41 and a 200-day moving average of $75.91. 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 posted its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS 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 analyst estimates of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. Performance Food Group’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 EPS. On average, sell-side analysts anticipate that Performance Food Group will post 4.73 EPS for the current year.

Insider Transactions at Performance Food Group

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

Institutional Investors Weigh In On Performance Food Group

Several institutional investors and hedge funds have recently made changes to their positions in PFGC. FMR LLC boosted its holdings in shares of Performance Food Group by 26.3% during the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock worth $1,043,293,000 after buying an additional 2,773,547 shares in the last quarter. Primecap Management Co. CA lifted its position in shares of Performance Food Group by 223.4% during the 2nd quarter. Primecap Management Co. CA now owns 1,625,280 shares of the food distribution company’s stock valued at $107,447,000 after acquiring an additional 1,122,676 shares during the period. Holocene Advisors LP boosted its stake in Performance Food Group by 32.0% during the third quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company’s stock worth $234,174,000 after acquiring an additional 724,094 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Performance Food Group by 27.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock worth $142,170,000 after purchasing an additional 469,500 shares during the period. Finally, Point72 Asset Management L.P. increased its position in Performance Food Group by 27.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,710,679 shares of the food distribution company’s stock valued at $113,093,000 after buying an additional 372,218 shares in the last quarter. 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.