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

Performance Food Group (NYSE:PFGC - Get Free Report) has received an average rating of "Moderate Buy" from the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $100.08.

PFGC has been the topic of several research reports. Truist Financial cut their price target on Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Morgan Stanley upped 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 report on Thursday, May 29th. Citigroup assumed coverage on shares of Performance Food Group in a research note on Thursday, May 22nd. They issued a "buy" rating and a $121.00 target price on the stock. 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 report on Thursday, May 29th. Finally, Barclays increased their price objective on shares of Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a report on Thursday, May 29th.

Performance Food Group Price Performance

Shares of PFGC stock traded down $1.38 during trading hours on Friday, reaching $86.12. 627,108 shares of the company were exchanged, compared to its average volume of 1,118,220. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The stock's fifty day moving average is $82.84 and its two-hundred day moving average is $83.75. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 34.73, a P/E/G ratio of 0.96 and a beta of 1.18.

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 the consensus estimate of $0.86 by ($0.07). The firm had revenue of $15.31 billion for the quarter, compared to analyst estimates of $15.41 billion. Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. Sell-side analysts forecast that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider A Brent King sold 12,866 shares of Performance Food Group stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $90.02, for a total value of $1,158,197.32. Following the transaction, the insider now owns 60,952 shares of the company's stock, valued at approximately $5,486,899.04. The trade was a 17.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Craig Howard Hoskins sold 19,113 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $87.55, for a total transaction of $1,673,343.15. Following the completion of the transaction, the insider now owns 152,293 shares of the company's stock, valued at $13,333,252.15. This trade represents a 11.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,972 shares of company stock valued at $5,964,073 over the last three months. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Performance Food Group

A number of hedge funds and other institutional investors have recently made changes to their positions in PFGC. Capital World Investors increased its holdings in Performance Food Group by 0.7% during the 4th quarter. Capital World Investors now owns 21,878,285 shares of the food distribution company's stock worth $1,849,809,000 after purchasing an additional 157,987 shares in the last quarter. FMR LLC boosted its position in shares of Performance Food Group by 0.6% during 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 period. Victory Capital Management Inc. grew its holdings in shares of Performance Food Group by 59.3% during the first quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company's stock worth $489,800,000 after buying an additional 2,318,763 shares in the last quarter. JPMorgan Chase & Co. raised its position in Performance Food Group by 40.8% in the 1st quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company's stock valued at $407,922,000 after buying an additional 1,503,703 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Performance Food Group by 1.5% in the 1st quarter. Wellington Management Group LLP now owns 3,966,667 shares of the food distribution company's stock valued at $311,899,000 after acquiring an additional 57,032 shares in the last quarter. 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.