Performance Food Group (NYSE:PFGC) Receives $90.88 Average PT from Analysts

Shares of Performance Food Group (NYSE:PFGC) have been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $90.88.

Several equities research analysts have weighed in on the stock. StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Wells Fargo & Company boosted their target price on Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Truist Financial increased their price target on Performance Food Group from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Barclays boosted their price objective on Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets increased their target price on Performance Food Group from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, August 15th.

Insider Transactions at Performance Food Group

In related news, insider Patrick T. Hagerty sold 8,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the transaction, the insider now directly owns 162,987 shares in the company, valued at approximately $12,152,310.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Patrick T. Hagerty sold 8,000 shares of Performance Food Group stock in a transaction on Friday, August 30th. The stock was 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 approximately $12,152,310.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider George L. Holm sold 63,500 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $73.53, for a total value of $4,669,155.00. Following the completion of the transaction, the insider now owns 531,556 shares of the company’s stock, valued at $39,085,312.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,500 shares of company stock worth $7,426,075 in the last quarter. 2.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Performance Food Group

Hedge funds have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC raised its holdings in shares of Performance Food Group by 47.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 131,478 shares of the food distribution company’s stock worth $10,304,000 after purchasing an additional 42,383 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Performance Food Group by 11.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 560,816 shares of the food distribution company’s stock valued at $43,952,000 after buying an additional 55,445 shares during the period. Natixis Advisors LLC lifted its position in shares of Performance Food Group by 14.2% during the 3rd quarter. Natixis Advisors LLC now owns 221,544 shares of the food distribution company’s stock valued at $17,363,000 after buying an additional 27,586 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Performance Food Group by 3.2% during the 3rd quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock valued at $354,000 after buying an additional 139 shares during the last quarter. Finally, Curi RMB Capital LLC bought a new position in shares of Performance Food Group during the 3rd quarter worth $375,000. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Up 6.4 %

Shares of NYSE:PFGC opened at $87.62 on Thursday. Performance Food Group has a 1 year low of $59.35 and a 1 year high of $89.00. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.64 and a quick ratio of 0.76. The business’s 50-day moving average is $78.39 and its 200-day moving average is $71.94. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 0.81 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.08. The firm had revenue of $15.20 billion for the quarter, compared to analyst estimates of $15.25 billion. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 earnings per share. Equities research analysts predict that Performance Food Group will post 4.87 earnings per share for the current 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.