Performance Food Group (NYSE:PFGC) Price Target Increased to $88.00 by Analysts at Truist Financial

Performance Food Group (NYSE:PFGC) had its target price hoisted by Truist Financial from $86.00 to $88.00 in a research report report published on Thursday morning, Benzinga reports. They currently have a buy rating on the food distribution company’s stock.

A number of other research analysts also recently issued reports on the company. Morgan Stanley decreased their price target on Performance Food Group from $80.00 to $76.00 and set an equal weight rating for the company in a report on Tuesday, July 16th. BMO Capital Markets boosted their price target on Performance Food Group from $80.00 to $87.00 and gave the company an outperform rating in a report on Thursday. Barclays decreased their price target on Performance Food Group from $86.00 to $84.00 and set an overweight rating for the company in a report on Thursday, May 9th. Finally, StockNews.com downgraded Performance Food Group from a buy rating to a hold rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Performance Food Group currently has an average rating of Moderate Buy and a consensus target price of $86.38.

Performance Food Group Trading Up 0.5 %

Performance Food Group stock opened at $73.48 on Thursday. The company has a quick ratio of 0.77, a current ratio of 1.64 and a debt-to-equity ratio of 0.95. Performance Food Group has a 52 week low of $52.92 and a 52 week high of $78.54. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 0.90 and a beta of 1.42. The stock has a 50-day moving average price of $66.55 and a 200 day moving average price of $70.34.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.08. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The firm had revenue of $15.20 billion during the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts anticipate that Performance Food Group will post 4.9 EPS for the current year.

Institutional Trading of Performance Food Group

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC purchased a new stake in shares of Performance Food Group in the fourth quarter valued at approximately $29,000. Rise Advisors LLC purchased a new stake in shares of Performance Food Group in the first quarter valued at approximately $29,000. Innealta Capital LLC purchased a new stake in shares of Performance Food Group in the second quarter valued at approximately $30,000. Signaturefd LLC increased its position in shares of Performance Food Group by 38.8% during the fourth quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock worth $35,000 after purchasing an additional 143 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Performance Food Group during the first quarter worth approximately $44,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

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.