Performance Food Group (NYSE:PFGC) Receives $95.73 Consensus PT from Brokerages

Shares of Performance Food Group (NYSE:PFGC) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $95.73.

A number of equities research analysts have issued reports on PFGC shares. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Barclays cut their price objective on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. StockNews.com downgraded Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Melius began coverage on Performance Food Group in a research report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 target price on the stock. Finally, Piper Sandler lowered Performance Food Group from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $92.00 to $90.00 in a report on Friday, February 7th.

Performance Food Group Trading Up 1.1 %

Shares of NYSE:PFGC opened at $79.47 on Friday. 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 stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 0.96 and a beta of 1.40. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The company has a 50 day moving average price of $82.92 and a 200 day moving average price of $83.49.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. On average, research analysts anticipate that Performance Food Group will post 4.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Capital World Investors grew its holdings in Performance Food Group by 0.7% during the fourth quarter. Capital World Investors now owns 21,878,285 shares of the food distribution company’s stock valued at $1,849,809,000 after purchasing an additional 157,987 shares during the last quarter. FMR LLC lifted its stake in shares of Performance Food Group by 0.6% in the fourth quarter. FMR LLC now owns 13,391,257 shares of the food distribution company’s stock worth $1,132,231,000 after buying an additional 78,855 shares during the last quarter. State Street Corp boosted its holdings in shares of Performance Food Group by 2.2% during the 3rd quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock worth $360,197,000 after buying an additional 97,069 shares during the period. Victory Capital Management Inc. grew its stake 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 valued at $330,625,000 after buying an additional 2,371,818 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Performance Food Group by 3.9% in the 4th quarter. Wellington Management Group LLP now owns 3,909,635 shares of the food distribution company’s stock worth $330,560,000 after acquiring an additional 147,080 shares during the period. 96.87% of the stock is owned by institutional investors.

About Performance Food Group

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.