Performance Food Group Sees Unusually High Options Volume (NYSE:PFGC)

Performance Food Group (NYSE:PFGC - Get Free Report) saw unusually large options trading activity on Wednesday. Stock investors bought 4,425 put options on the company. This represents an increase of approximately 824% compared to the typical daily volume of 479 put options.

Wall Street Analyst Weigh In

PFGC has been the topic of several research analyst reports. Morgan Stanley boosted their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Barclays boosted their price target on shares of Performance Food Group from $95.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday. Piper Sandler downgraded shares of Performance Food Group from an "overweight" rating to a "neutral" rating and cut their price target for the company from $92.00 to $90.00 in a report on Friday, February 7th. Truist Financial dropped their price objective on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, StockNews.com cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $95.55.

Performance Food Group Stock Performance

Performance Food Group stock traded up $3.17 during midday trading on Monday, hitting $87.58. 1,616,833 shares of the company's stock were exchanged, compared to its average volume of 1,114,296. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. The stock has a market cap of $13.67 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 0.96 and a beta of 1.13. The firm's 50 day simple moving average is $77.90 and its 200 day simple moving average is $83.21.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its earnings results 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). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The firm had revenue of $15.31 billion during the quarter, compared to analyst estimates of $15.41 billion. During the same quarter last year, the business posted $0.80 EPS. The firm's revenue was up 10.5% on a year-over-year basis. Equities research analysts predict that Performance Food Group will post 4.58 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Capital World Investors increased its stake in Performance Food Group by 0.7% during the fourth quarter. Capital World Investors now owns 21,878,285 shares of the food distribution company's stock valued at $1,849,809,000 after purchasing an additional 157,987 shares during the last quarter. FMR LLC grew 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 acquiring an additional 78,855 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Performance Food Group by 59.3% in 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 purchasing an additional 2,318,763 shares during the period. JPMorgan Chase & Co. lifted its holdings in Performance Food Group by 40.8% in the first quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company's stock worth $407,922,000 after purchasing an additional 1,503,703 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Performance Food Group by 3.9% during the 4th quarter. Wellington Management Group LLP now owns 3,909,635 shares of the food distribution company's stock valued at $330,560,000 after purchasing an additional 147,080 shares in the last quarter. 96.87% of the stock is 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.