Performance Food Group (NYSE:PFGC) Receives $81.14 Consensus Price Target from Analysts

Shares of Performance Food Group (NYSE:PFGC) have received a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $81.14.

A number of equities research analysts have recently weighed in on PFGC shares. Barclays dropped their price target on Performance Food Group from $86.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Morgan Stanley boosted their price target on Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Finally, StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th.

Institutional Investors Weigh In On Performance Food Group

Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its position in Performance Food Group by 179.2% in the 4th quarter. State of Alaska Department of Revenue now owns 51,803 shares of the food distribution company’s stock worth $3,581,000 after purchasing an additional 33,250 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Performance Food Group by 707.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 12,810 shares of the food distribution company’s stock worth $886,000 after purchasing an additional 11,223 shares in the last quarter. Vanguard Group Inc. boosted its position in Performance Food Group by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 15,929,544 shares of the food distribution company’s stock worth $937,613,000 after purchasing an additional 107,449 shares in the last quarter. CX Institutional boosted its position in Performance Food Group by 31.4% in the 4th quarter. CX Institutional now owns 75,294 shares of the food distribution company’s stock worth $5,207,000 after purchasing an additional 18,005 shares in the last quarter. Finally, Leeward Investments LLC MA boosted its position in Performance Food Group by 14.0% in the 4th quarter. Leeward Investments LLC MA now owns 274,805 shares of the food distribution company’s stock worth $19,003,000 after purchasing an additional 33,839 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Performance

Shares of Performance Food Group stock opened at $64.56 on Friday. The company has a market capitalization of $10.05 billion, a PE ratio of 24.09, a P/E/G ratio of 0.96 and a beta of 1.42. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 1.64. The company has a 50-day simple moving average of $69.21 and a two-hundred day simple moving average of $71.31. Performance Food Group has a one year low of $52.92 and a one year high of $78.54.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, May 8th. The food distribution company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). Performance Food Group had a return on equity of 16.22% and a net margin of 0.72%. The business had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $14.10 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. Performance Food Group’s revenue was up .6% on a year-over-year basis. Research analysts expect that Performance Food Group will post 4.21 EPS for the current fiscal year.

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.