Brokerages Set Performance Food Group (NYSE:PFGC) Price Target at $95.73

Performance Food Group (NYSE:PFGC) has been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Four 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 ratings on the stock in the last year is $95.73.

Several equities analysts recently weighed in on the company. Melius Research raised Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Morgan Stanley lifted their price target 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. BMO Capital Markets increased their price objective on shares of Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group upped their price target on shares of Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Truist Financial lifted their price objective on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Performance Food Group Stock Up 1.8 %

PFGC opened at $85.45 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.73. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The stock has a market capitalization of $13.35 billion, a P/E ratio of 34.46, a P/E/G ratio of 0.96 and a beta of 1.44. The business has a 50 day simple moving average of $87.09 and a 200-day simple moving average of $81.14.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. On average, equities analysts anticipate that Performance Food Group will post 4.6 earnings per share for the current fiscal year.

Insider Transactions at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the completion of the sale, the insider now directly owns 172,372 shares of the company’s stock, valued at $14,582,671.20. The trade was a 10.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 company. Millstone Evans Group LLC acquired a new position in shares of Performance Food Group in the 4th quarter valued at about $26,000. Blue Trust Inc. raised its holdings in Performance Food Group by 281.4% in the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after buying an additional 242 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Performance Food Group during the third quarter worth approximately $26,000. Venturi Wealth Management LLC increased its position in shares of Performance Food Group by 203.0% in the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock worth $32,000 after acquiring an additional 274 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Performance Food Group by 414.8% in the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock valued at $36,000 after acquiring an additional 365 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

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.