Performance Food Group (NYSE:PFGC) Receives $95.73 Average PT from Analysts

Performance Food Group (NYSE:PFGC) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $95.73.

Several equities research analysts have commented on PFGC shares. Melius Research raised shares of Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Morgan Stanley upped their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. StockNews.com lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Melius started coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They set a “hold” rating and a $95.00 target price on the stock. Finally, Piper Sandler lowered shares of Performance Food Group from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $92.00 to $90.00 in a research note on Friday, February 7th.

Insider Activity at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the transaction, the insider now directly owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. This trade represents a 10.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Performance Food Group

Hedge funds have recently bought and sold shares of the business. Millstone Evans Group LLC acquired a new stake in Performance Food Group in the 4th quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new stake in Performance Food Group in the 3rd quarter valued at about $26,000. Venturi Wealth Management LLC raised its holdings in Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after acquiring an additional 274 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in Performance Food Group in the 4th quarter valued at about $42,000. Finally, Blue Trust Inc. boosted its position in Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock valued at $42,000 after buying an additional 212 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Price Performance

NYSE:PFGC opened at $77.80 on Wednesday. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. The firm has a market cap of $12.15 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 0.96 and a beta of 1.40. The firm’s fifty day moving average is $85.84 and its two-hundred day moving average is $83.06.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. Research analysts expect that Performance Food Group will post 4.58 EPS for the current year.

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.