Barclays Lowers Performance Food Group (NYSE:PFGC) Price Target to $95.00

Performance Food Group (NYSE:PFGC - Free Report) had its price objective trimmed by Barclays from $102.00 to $95.00 in a report released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the food distribution company's stock.

Several other equities research analysts have also recently commented on the stock. StockNews.com cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Morgan Stanley upped their price objective on Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Finally, Piper Sandler lowered Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $92.00 to $90.00 in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $95.09.

Performance Food Group Trading Down 1.6 %

PFGC stock traded down $1.31 during midday trading on Tuesday, hitting $79.46. 1,054,805 shares of the company's stock were exchanged, compared to its average volume of 1,120,659. 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 company has a market cap of $12.41 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16. The stock's fifty day moving average price is $78.15 and its 200-day moving average price is $83.21.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (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 predict that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Performance Food Group

Several hedge funds have recently bought and sold shares of the company. Millstone Evans Group LLC bought a new stake in Performance Food Group in the fourth quarter valued at approximately $26,000. CENTRAL TRUST Co increased its holdings in shares of Performance Food Group by 476.5% during the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after acquiring an additional 405 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Performance Food Group by 203.7% in the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock valued at $40,000 after acquiring an additional 334 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Performance Food Group during the 4th quarter valued at $42,000. Finally, Blue Trust Inc. boosted its position in Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after purchasing an additional 212 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

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.