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

Shares of Performance Food Group (NYSE:PFGC - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve brokerages that are currently covering the firm, 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 1-year target price among analysts that have issued a report on the stock in the last year is $95.09.

PFGC has been the subject of a number of recent analyst reports. StockNews.com cut Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Barclays lowered their target price on Performance Food Group from $102.00 to $95.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Piper Sandler lowered 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 research note on Friday, February 7th. 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 research note on Tuesday, January 21st.

Hedge Funds Weigh In On Performance Food Group

Several hedge funds and other institutional investors have recently modified their holdings of PFGC. World Investment Advisors LLC bought a new position in shares of Performance Food Group in the 3rd quarter valued at $2,185,000. Wilmington Savings Fund Society FSB bought a new position in shares of Performance Food Group in the 3rd quarter valued at $154,000. Franklin Resources Inc. increased its stake in shares of Performance Food Group by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 224,467 shares of the food distribution company's stock valued at $18,305,000 after purchasing an additional 2,417 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Performance Food Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock valued at $298,794,000 after purchasing an additional 401,235 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Performance Food Group by 46.1% in the 4th quarter. GAMMA Investing LLC now owns 1,690 shares of the food distribution company's stock valued at $143,000 after purchasing an additional 533 shares during the last quarter. Institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Performance

Shares of PFGC traded up $0.88 during mid-day trading on Thursday, reaching $80.45. The company's stock had a trading volume of 985,619 shares, compared to its average volume of 1,118,398. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The stock has a market cap of $12.57 billion, a P/E ratio of 32.44, a PEG ratio of 0.96 and a beta of 1.16. The business has a 50-day simple moving average of $77.92 and a two-hundred day simple moving average of $83.20. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, equities research analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

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.