Performance Food Group (NYSE:PFGC) Receives Consensus Rating of "Moderate Buy" from Brokerages

Performance Food Group (NYSE:PFGC - Get Free Report) has received an average rating of "Moderate Buy" from the seven ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $81.25.

Several equities research analysts have recently commented on PFGC shares. Stephens boosted their price objective on Performance Food Group from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. StockNews.com raised shares of Performance Food Group from a "hold" rating to a "buy" rating in a research report on Thursday, February 8th. Barclays lifted their price target on Performance Food Group from $78.00 to $86.00 and gave the company an "overweight" rating in a research note on Thursday, February 8th. BMO Capital Markets raised their target price on Performance Food Group from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, February 8th. Finally, Morgan Stanley increased their price target on Performance Food Group from $78.00 to $80.00 and gave the company an "equal weight" rating in a research report on Friday.

Hedge Funds Weigh In On Performance Food Group

Large investors have recently modified their holdings of the company. Capital World Investors boosted its position in Performance Food Group by 0.4% during the fourth quarter. Capital World Investors now owns 21,426,852 shares of the food distribution company's stock valued at $1,481,667,000 after buying an additional 78,481 shares during the period. Vanguard Group Inc. increased its stake in Performance Food Group by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 15,929,544 shares of the food distribution company's stock worth $937,613,000 after purchasing an additional 107,449 shares during the period. BlackRock Inc. lifted its position in Performance Food Group by 0.3% in the first quarter. BlackRock Inc. now owns 13,608,782 shares of the food distribution company's stock valued at $821,154,000 after purchasing an additional 44,032 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Performance Food Group by 11.3% during the first quarter. Wellington Management Group LLP now owns 13,298,661 shares of the food distribution company's stock valued at $677,034,000 after purchasing an additional 1,349,095 shares during the period. Finally, FMR LLC grew its holdings in shares of Performance Food Group by 0.8% in the third quarter. FMR LLC now owns 12,441,763 shares of the food distribution company's stock worth $732,322,000 after purchasing an additional 98,756 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Trading Down 2.8 %

Shares of NYSE PFGC traded down $2.00 during trading on Friday, reaching $69.22. The company had a trading volume of 1,084,649 shares, compared to its average volume of 913,321. Performance Food Group has a 12 month low of $52.92 and a 12 month high of $78.54. The company has a quick ratio of 0.75, a current ratio of 1.71 and a debt-to-equity ratio of 1.05. The stock has a market cap of $10.77 billion, a P/E ratio of 25.26, a PEG ratio of 0.98 and a beta of 1.38. The company's fifty day moving average price is $74.42 and its 200-day moving average price is $67.72.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its earnings results on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The firm had revenue of $14.30 billion during the quarter, compared to analyst estimates of $14.20 billion. Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. Performance Food Group's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 EPS. As a group, research analysts expect that Performance Food Group will post 4.26 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.