Performance Food Group (NYSE:PFGC) Price Target Cut to $102.00 by Analysts at Barclays

Performance Food Group (NYSE:PFGC) had its price objective reduced by Barclays from $103.00 to $102.00 in a report issued on Thursday morning,Benzinga reports. They currently have an overweight rating on the food distribution company’s stock.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Melius Research raised shares of Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Morgan Stanley boosted their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Melius began coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They issued a “hold” rating and a $95.00 target price for the company. Finally, Truist Financial upped their price objective on shares of Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Performance Food Group presently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

Performance Food Group Trading Down 1.2 %

NYSE:PFGC opened at $87.15 on Thursday. The company has a market capitalization of $13.58 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 0.97 and a beta of 1.44. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The stock has a fifty day simple moving average of $87.32 and a 200-day simple moving average of $80.49.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. On average, equities research analysts expect that Performance Food Group will post 4.74 earnings per share for the current fiscal year.

Insider Transactions at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the completion of the sale, the insider now owns 192,868 shares in the company, valued at approximately $17,026,387.04. The trade was a 9.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.80% of the company’s stock.

Institutional Trading of Performance Food Group

A number of institutional investors have recently modified their holdings of the company. FMR LLC boosted its holdings in Performance Food Group by 26.3% in the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock worth $1,043,293,000 after acquiring an additional 2,773,547 shares during the period. Victory Capital Management Inc. boosted its holdings in Performance Food Group by 154.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company’s stock worth $330,625,000 after acquiring an additional 2,371,818 shares during the period. Holocene Advisors LP boosted its holdings in Performance Food Group by 32.0% in the 3rd 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 during the period. Primecap Management Co. CA boosted its holdings in Performance Food Group by 29.1% in the 3rd quarter. Primecap Management Co. CA now owns 2,098,330 shares of the food distribution company’s stock worth $164,446,000 after acquiring an additional 473,050 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Performance Food Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock worth $298,794,000 after acquiring an additional 401,235 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Company Profile

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.