Shares of Performance Food Group (NYSE:PFGC – Get Rating) have earned an average rating of "Moderate Buy" from the eleven ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $65.44.
A number of analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Performance Food Group from $60.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, August 18th. BMO Capital Markets boosted their price objective on shares of Performance Food Group from $61.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, August 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Performance Food Group from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, August 18th. TheStreet raised Performance Food Group from a "c" rating to a "b-" rating in a research report on Wednesday, August 17th. Finally, Barclays lifted their price objective on Performance Food Group from $58.00 to $62.00 and gave the company an "overweight" rating in a research note on Thursday, August 18th.
Get Performance Food Group alerts:Performance Food Group Trading Down 1.1 %
NYSE:PFGC opened at $48.59 on Friday. The company has a 50-day moving average price of $50.43 and a 200-day moving average price of $48.46. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 67.49 and a beta of 1.29. The company has a current ratio of 1.66, a quick ratio of 0.71 and a debt-to-equity ratio of 1.30. Performance Food Group has a 12 month low of $38.23 and a 12 month high of $58.13.
Performance Food Group (NYSE:PFGC – Get Rating) last issued its quarterly earnings data on Wednesday, August 17th. The food distribution company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. Performance Food Group had a net margin of 0.22% and a return on equity of 12.35%. The business had revenue of $14.59 billion during the quarter, compared to analyst estimates of $14.56 billion. During the same period last year, the business posted $0.56 earnings per share. Performance Food Group's quarterly revenue was up 56.8% compared to the same quarter last year. Equities analysts predict that Performance Food Group will post 3.37 EPS for the current year.Insider Transactions at Performance Food Group
In other news, insider George L. Holm sold 32,904 shares of the firm's stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $51.56, for a total value of $1,696,530.24. Following the transaction, the insider now owns 1,465,015 shares of the company's stock, valued at $75,536,173.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 33,904 shares of company stock valued at $1,744,330 over the last quarter. 2.60% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Performance Food Group
Several institutional investors have recently added to or reduced their stakes in PFGC. Quadrant Capital Group LLC grew its holdings in Performance Food Group by 111.2% during the 2nd quarter. Quadrant Capital Group LLC now owns 583 shares of the food distribution company's stock valued at $27,000 after buying an additional 307 shares in the last quarter. Private Capital Group LLC grew its holdings in Performance Food Group by 61.4% during the 1st quarter. Private Capital Group LLC now owns 560 shares of the food distribution company's stock valued at $29,000 after buying an additional 213 shares in the last quarter. Glassman Wealth Services grew its holdings in Performance Food Group by 65.3% during the 2nd quarter. Glassman Wealth Services now owns 661 shares of the food distribution company's stock valued at $30,000 after buying an additional 261 shares in the last quarter. National Bank of Canada FI grew its holdings in Performance Food Group by 232.8% during the 2nd quarter. National Bank of Canada FI now owns 782 shares of the food distribution company's stock valued at $36,000 after buying an additional 547 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its holdings in Performance Food Group by 325.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 954 shares of the food distribution company's stock valued at $44,000 after buying an additional 730 shares in the last quarter. Hedge funds and other institutional investors own 99.68% of the company's stock.
Performance Food Group Company Profile
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Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through two segments, Foodservice and Vistar. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products, as well as beef, pork, poultry, and seafood.
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