Performance Food Group (NYSE:PFGC) Receives $95.55 Consensus PT from Analysts

Shares of Performance Food Group (NYSE:PFGC - Get Free Report) have been given an average rating of "Moderate Buy" by the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $95.55.

Several analysts have commented on PFGC shares. Barclays raised their target price on shares of Performance Food Group from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Piper Sandler cut Performance Food Group from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Truist Financial lowered their target price on Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Morgan Stanley increased their target price on Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st.

Insiders Place Their Bets

In other Performance Food Group news, insider Craig Howard Hoskins sold 19,113 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $87.55, for a total transaction of $1,673,343.15. Following the transaction, the insider now owns 152,293 shares of the company's stock, valued at $13,333,252.15. The trade was a 11.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PFGC. HighPoint Advisor Group LLC grew its position in shares of Performance Food Group by 2.7% in the 4th quarter. HighPoint Advisor Group LLC now owns 4,630 shares of the food distribution company's stock valued at $389,000 after acquiring an additional 121 shares during the period. Stifel Financial Corp grew its position in shares of Performance Food Group by 4.6% in the 4th quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock valued at $248,000 after acquiring an additional 130 shares during the period. Highland Capital Management LLC grew its position in shares of Performance Food Group by 6.7% in the 4th quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company's stock valued at $246,000 after acquiring an additional 183 shares during the period. CWM LLC lifted its position in shares of Performance Food Group by 8.6% in the first quarter. CWM LLC now owns 2,332 shares of the food distribution company's stock valued at $183,000 after buying an additional 185 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in shares of Performance Food Group by 4.7% in the first quarter. QRG Capital Management Inc. now owns 4,656 shares of the food distribution company's stock valued at $366,000 after buying an additional 208 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Performance Food Group Trading Down 0.2%

NYSE PFGC traded down $0.15 during trading on Monday, reaching $87.45. 987,642 shares of the stock traded hands, compared to its average volume of 1,107,339. The firm has a market cap of $13.65 billion, a price-to-earnings ratio of 35.26, a price-to-earnings-growth ratio of 0.96 and a beta of 1.13. The stock's 50-day moving average price is $79.09 and its 200 day moving average price is $83.47. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.07). The business had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $15.41 billion. Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The business's revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Analysts predict that Performance Food Group will post 4.58 EPS 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.