Performance Food Group Company (NYSE:PFGC) Receives $116.44 Consensus PT from Brokerages

Shares of Performance Food Group Company (NYSE:PFGC) have earned an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $116.4444.

Several analysts recently commented on PFGC shares. Zacks Research downgraded shares of Performance Food Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. UBS Group dropped their target price on shares of Performance Food Group from $120.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Sanford C. Bernstein reissued an “outperform” rating on shares of Performance Food Group in a research report on Thursday, February 5th. Barclays decreased their price objective on shares of Performance Food Group from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Finally, Guggenheim reiterated a “buy” rating on shares of Performance Food Group in a research note on Thursday, December 18th.

Performance Food Group Price Performance

PFGC stock opened at $97.73 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.60 and a quick ratio of 0.68. Performance Food Group has a 1 year low of $68.39 and a 1 year high of $109.05. The company has a market cap of $15.32 billion, a P/E ratio of 44.42, a PEG ratio of 1.38 and a beta of 0.93. The firm has a 50-day moving average of $93.43 and a 200 day moving average of $97.52.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, February 4th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.09). The firm had revenue of $16.44 billion during the quarter, compared to the consensus estimate of $16.54 billion. Performance Food Group had a return on equity of 15.64% and a net margin of 0.52%.Performance Food Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 EPS. On average, sell-side analysts forecast that Performance Food Group will post 4.58 EPS for the current year.

Insider Activity at Performance Food Group

In related news, insider Chasity D. Grosh sold 1,843 shares of Performance Food Group stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $92.03, for a total value of $169,611.29. Following the completion of the sale, the insider directly owned 6,601 shares in the company, valued at approximately $607,490.03. This trade represents a 21.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Performance Food Group

Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in Performance Food Group by 1.0% in the third quarter. PNC Financial Services Group Inc. now owns 10,897 shares of the food distribution company’s stock worth $1,134,000 after buying an additional 113 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Performance Food Group by 51.3% during the second quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock worth $32,000 after acquiring an additional 123 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Performance Food Group by 0.3% during the second quarter. Thrivent Financial for Lutherans now owns 36,752 shares of the food distribution company’s stock valued at $3,215,000 after acquiring an additional 125 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Performance Food Group by 1.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,124 shares of the food distribution company’s stock worth $711,000 after buying an additional 131 shares during the period. Finally, Arax Advisory Partners grew its holdings in Performance Food Group by 7.4% during the 4th quarter. Arax Advisory Partners now owns 2,043 shares of the food distribution company’s stock worth $184,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

About Performance Food Group

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.