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

Key Points

• Performance Food Group Company (NYSE:PFGC) has received a consensus rating of “Moderate Buy” from thirteen brokerages, with an average 12-month price target of $109.67.
• Recent upgrades from analysts include Barclays raising their target from $112 to $120, and Piper Sandler increasing theirs from $90 to $114.
• Insiders have sold a total of 58,968 shares of the company stock in the last quarter, indicating a 9.16% decrease in ownership for some insiders.

Shares of Performance Food Group Company (NYSE:PFGC - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $109.6667.

A number of equities analysts recently commented on the stock. Barclays lifted their target price on shares of Performance Food Group from $112.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Piper Sandler upgraded shares of Performance Food Group from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $90.00 to $114.00 in a research report on Tuesday, September 2nd. Truist Financial lifted their target price on shares of Performance Food Group from $101.00 to $118.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Morgan Stanley raised their price target on shares of Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Finally, Wells Fargo & Company raised their price target on shares of Performance Food Group from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th.

Insider Activity

In related news, insider A Brent King sold 6,334 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.10, for a total transaction of $665,703.40. Following the sale, the insider owned 62,852 shares of the company's stock, valued at $6,605,745.20. The trade was a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Erika T. Davis sold 4,100 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $430,746.00. Following the sale, the insider directly owned 46,541 shares in the company, valued at $4,889,597.46. The trade was a 8.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,968 shares of company stock worth $5,944,596 in the last quarter. Insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its holdings in shares of Performance Food Group by 51.3% during the second quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company's stock valued at $32,000 after purchasing an additional 123 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of Performance Food Group by 658.0% during the second quarter. AlphaQuest LLC now owns 379 shares of the food distribution company's stock valued at $33,000 after purchasing an additional 329 shares during the last quarter. CENTRAL TRUST Co raised its holdings in shares of Performance Food Group by 476.5% during the first quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock valued at $39,000 after purchasing an additional 405 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Performance Food Group by 203.7% during the first quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock valued at $40,000 after purchasing an additional 334 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Performance Food Group during the first quarter valued at approximately $44,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $105.48 on Friday. The stock has a market cap of $16.51 billion, a PE ratio of 48.61, a PEG ratio of 1.19 and a beta of 1.10. The company's fifty day moving average is $101.22 and its 200 day moving average is $88.99. Performance Food Group has a 52 week low of $68.39 and a 52 week high of $109.05. The company has a quick ratio of 0.72, a current ratio of 1.58 and a debt-to-equity ratio of 1.51.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. The company had revenue of $16.94 billion for the quarter, compared to analysts' expectations of $16.85 billion. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Research analysts anticipate that Performance Food Group will post 4.58 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.

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