Performance Food Group (NYSE:PFGC) Given Average Recommendation of "Moderate Buy" by Analysts

Performance Food Group (NYSE:PFGC - Get Free Report) has earned an average rating of "Moderate Buy" from the thirteen analysts that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $95.55.

Several research analysts have issued reports on the company. Truist Financial dropped their target price on Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Piper Sandler cut Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Citigroup assumed coverage on Performance Food Group in a research report on Thursday. They issued a "buy" rating on the stock. Finally, Barclays raised their target price on Performance Food Group from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th.

Performance Food Group Stock Performance

Shares of Performance Food Group stock traded up $1.02 during trading on Monday, hitting $84.72. 1,253,526 shares of the company's stock traded hands, compared to its average volume of 1,108,514. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The stock has a market capitalization of $13.22 billion, a P/E ratio of 34.16, a PEG ratio of 0.96 and a beta of 1.13. The business has a 50-day simple moving average of $79.80 and a 200-day simple moving average of $83.54.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The food distribution company reported $0.79 EPS 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 analysts' expectations of $15.41 billion. Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. The company's quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $0.80 earnings per share. As a group, analysts forecast that Performance Food Group will post 4.58 EPS for the current year.

Insider Activity

In other news, insider Craig Howard Hoskins sold 14,285 shares of Performance Food Group stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $83.70, for a total transaction of $1,195,654.50. Following the transaction, the insider now directly owns 138,008 shares of the company's stock, valued at $11,551,269.60. The trade was a 9.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in shares of Performance Food Group by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock valued at $298,794,000 after buying an additional 401,235 shares during the last quarter. Jennison Associates LLC raised its position in shares of Performance Food Group by 8.1% during the fourth quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company's stock valued at $141,003,000 after buying an additional 125,532 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Performance Food Group during the fourth quarter valued at approximately $814,000. Proficio Capital Partners LLC bought a new stake in shares of Performance Food Group during the fourth quarter valued at approximately $2,087,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Performance Food Group during the fourth quarter valued at approximately $3,697,000. 96.87% of the stock is currently owned by institutional investors.

About Performance Food Group

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.