Performance Food Group Company (NYSE:PFGC) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Performance Food Group Company (NYSE:PFGC - Get Free Report) have been given an average rating of "Moderate Buy" by the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $100.08.

A number of analysts recently issued reports on the stock. Truist Financial dropped their price target on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Sanford C. Bernstein set a $112.00 price target on shares of Performance Food Group and gave the stock an "overweight" rating in a research note on Thursday, May 29th. UBS Group lifted their price target on shares of Performance Food Group from $103.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Morgan Stanley boosted their target price on shares of Performance Food Group from $92.00 to $93.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Finally, Wall Street Zen lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Sunday.

Performance Food Group Trading Up 0.2%

PFGC opened at $89.04 on Tuesday. The firm has a market capitalization of $13.90 billion, a P/E ratio of 37.10, a P/E/G ratio of 1.25 and a beta of 1.15. The firm's 50 day moving average is $86.36 and its 200-day moving average is $83.57. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 1.49.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). The firm had revenue of $15.31 billion for the quarter, compared to analysts' expectations of $15.41 billion. Performance Food Group had a net margin of 0.61% and a return on equity of 16.17%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 EPS. Analysts expect that Performance Food Group will post 4.58 EPS for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Donald S. Bulmer sold 2,404 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $90.00, for a total transaction of $216,360.00. Following the sale, the insider owned 51,350 shares in the company, valued at approximately $4,621,500. The trade was a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider A Brent King sold 12,866 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $90.02, for a total value of $1,158,197.32. Following the sale, the insider owned 60,952 shares in the company, valued at approximately $5,486,899.04. The trade was a 17.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,972 shares of company stock valued at $5,964,073 over the last 90 days. Insiders own 2.80% of the company's stock.

Hedge Funds Weigh In On Performance Food Group

Large investors have recently made changes to their positions in the business. Millstone Evans Group LLC bought a new stake in shares of Performance Food Group in the 4th quarter valued at approximately $26,000. CENTRAL TRUST Co grew its stake in shares of Performance Food Group by 476.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock valued at $39,000 after buying an additional 405 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of 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 buying an additional 334 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Performance Food Group during the first quarter worth approximately $44,000. Finally, SVB Wealth LLC bought a new stake in Performance Food Group during the first quarter worth approximately $59,000. Institutional investors and hedge funds 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.

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