Performance Food Group (NYSE:PFGC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Performance Food Group (NYSE:PFGC) has earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $87.63.

A number of brokerages recently issued reports on PFGC. StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Truist Financial increased their target price 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 target on Performance Food Group from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. BMO Capital Markets increased their price objective on shares of Performance Food Group from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, August 15th. Finally, Jefferies Financial Group boosted their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th.

Insider Activity

In related news, insider Scott E. Mcpherson sold 25,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $74.64, for a total value of $1,866,000.00. Following the completion of the transaction, the insider now owns 149,863 shares of the company’s stock, valued at $11,185,774.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Scott E. Mcpherson sold 25,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the sale, the insider now owns 149,863 shares in the company, valued at $11,185,774.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider George L. Holm sold 63,500 shares of the stock in a transaction dated 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,500 shares of company stock worth $7,426,075. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Performance Food Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in PFGC. Rise Advisors LLC acquired a new stake in shares of Performance Food Group in the first quarter valued at about $29,000. Innealta Capital LLC acquired a new stake in Performance Food Group during the 2nd quarter valued at approximately $30,000. UMB Bank n.a. raised its holdings in Performance Food Group by 414.8% during the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after purchasing an additional 365 shares during the last quarter. Mather Group LLC. bought a new position in Performance Food Group during the 1st quarter worth approximately $44,000. Finally, GAMMA Investing LLC lifted its position in shares of Performance Food Group by 65.2% in the 2nd quarter. GAMMA Investing LLC now owns 884 shares of the food distribution company’s stock worth $58,000 after purchasing an additional 349 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Stock Performance

NYSE:PFGC opened at $79.96 on Friday. The stock has a 50 day simple moving average of $73.56 and a 200 day simple moving average of $70.48. The stock has a market cap of $12.46 billion, a P/E ratio of 28.66, a PEG ratio of 0.88 and a beta of 1.45. Performance Food Group has a 1-year low of $52.92 and a 1-year high of $81.05. The company has a current ratio of 1.64, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.08. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The company had revenue of $15.20 billion during the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter last year, the firm earned $1.14 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. Research analysts anticipate that Performance Food Group will post 4.87 earnings per share 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.