Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through two segments, Foodservice and Vistar. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products, as well as beef, pork, poultry, and seafood. It also sells disposables, cleaning and kitchen supplies, and related products. In addition, the company offers value-added services, such as product selection and procurement, menu development, and operational strategy. It serves independent and chain restaurants, schools, business and industry locations, hospitals, vending distributors, office coffee service distributors, retailers, theaters, convenience stores, theaters, hospitality providers, concessionaires, airport gift shops, and college book stores, as well as franchises and other institutional customers. The company markets and distributes approximately 250,000 food and food-related products from 107 distribution centers to approximately 250,000 customer locations. Performance Food Group Company was founded in 1885 and is headquartered in Richmond, Virginia.
Performance Food Group Stock Performance
Shares of PFGC Stock traded up $0.30 on Thursday, hitting $50.98. 13,339 shares of the stock traded hands, compared to its average volume of 897,805. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.59 and a quick ratio of 0.71. The company has a market capitalization of $7.89 billion, a PE ratio of 110.96 and a beta of 1.31. Performance Food Group has a 1-year low of $38.23 and a 1-year high of $58.13. The company's fifty day moving average is $46.70 and its 200 day moving average is $48.11.
Performance Food Group (NYSE:PFGC - Get Rating) last issued its quarterly earnings data on Wednesday, May 11th. The food distribution company reported $0.51 EPS for the quarter, hitting analysts' consensus estimates of $0.51. The firm had revenue of $13.08 billion during the quarter, compared to the consensus estimate of $13.11 billion. Performance Food Group had a return on equity of 10.51% and a net margin of 0.15%. During the same period in the prior year, the business earned $0.19 EPS. On average, equities research analysts predict that Performance Food Group will post 2.57 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have issued reports on PFGC shares. Deutsche Bank Aktiengesellschaft cut their target price on Performance Food Group from $62.00 to $58.00 in a research report on Friday, May 13th. Berenberg Bank started coverage on Performance Food Group in a research report on Wednesday, May 18th. They issued a "buy" rating and a $71.00 target price on the stock. Barclays upped their target price on Performance Food Group from $55.00 to $58.00 and gave the company an "overweight" rating in a research report on Thursday, June 30th. Finally, Truist Financial cut their target price on Performance Food Group from $65.00 to $62.00 in a research report on Thursday, June 30th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Performance Food Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.13.