Performance Food Group (NYSE:PFGC) Receives $94.33 Consensus Target Price from Brokerages

Performance Food Group (NYSE:PFGC) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $94.33.

PFGC has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price target on Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Melius began coverage on Performance Food Group in a research report on Wednesday, December 18th. They set a “hold” rating and a $95.00 target price on the stock. Jefferies Financial Group lifted their price target on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Barclays increased their price objective on shares of Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, Piper Sandler raised their target price on shares of Performance Food Group from $79.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th.

Performance Food Group Stock Down 0.1 %

Shares of NYSE:PFGC opened at $84.39 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $13.15 billion, a P/E ratio of 31.14, a P/E/G ratio of 0.95 and a beta of 1.44. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The stock’s fifty day simple moving average is $85.35 and its 200-day simple moving average is $75.81.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The firm had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. Performance Food Group’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $1.15 earnings per share. As a group, equities research analysts forecast that Performance Food Group will post 4.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the transaction, the insider now owns 192,868 shares of the company’s stock, valued at approximately $17,026,387.04. This trade represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Performance Food Group by 281.4% during the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after buying an additional 242 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Performance Food Group during the 3rd quarter worth approximately $26,000. Venturi Wealth Management LLC raised its position in shares of Performance Food Group by 203.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock worth $32,000 after purchasing an additional 274 shares during the period. UMB Bank n.a. lifted its holdings in shares of Performance Food Group by 414.8% in 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. Finally, Innealta Capital LLC acquired a new position in Performance Food Group during the 2nd quarter valued at approximately $30,000. 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.