Performance Food Group (NYSE:PFGC) Given New $135.00 Price Target at Sanford C. Bernstein

Performance Food Group (NYSE:PFGC) had its target price increased by Sanford C. Bernstein from $130.00 to $135.00 in a report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the food distribution company’s stock.

PFGC has been the subject of several other reports. TD Cowen increased their price target on Performance Food Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley boosted their price target on Performance Food Group from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $133.00 price objective on shares of Performance Food Group in a research note on Thursday, August 13th. BMO Capital Markets reissued an “outperform” rating on shares of Performance Food Group in a report on Thursday, August 13th. Finally, UBS Group decreased their target price on shares of Performance Food Group from $132.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.70.

Performance Food Group Trading Up 0.4%

Performance Food Group stock opened at $110.01 on Thursday. The firm has a 50-day moving average of $95.73 and a 200-day moving average of $97.58. Performance Food Group has a one year low of $80.82 and a one year high of $117.47. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.61 and a quick ratio of 0.67. The company has a market cap of $17.33 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 1.41 and a beta of 0.91.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, November 4th. The food distribution company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.05. The company had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $18.02 billion. Performance Food Group had a return on equity of 15.25% and a net margin of 0.57%. Performance Food Group’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. On average, equities analysts expect that Performance Food Group will post 5.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Hugh Hatcher sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $99.18, for a total transaction of $297,540.00. Following the completion of the sale, the insider owned 58,167 shares in the company, valued at approximately $5,769,003.06. This trade represents a 4.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider A. King sold 1,320 shares of Performance Food Group stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $105.29, for a total transaction of $138,982.80. Following the sale, the insider directly owned 44,216 shares of the company’s stock, valued at $4,655,502.64. The trade was a 2.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,459 shares of company stock worth $4,317,917 in the last 90 days. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Performance Food Group

Several hedge funds have recently bought and sold shares of PFGC. Maryland State Retirement & Pension System boosted its holdings in Performance Food Group by 15.2% in the 3rd quarter. Maryland State Retirement & Pension System now owns 8,765 shares of the food distribution company’s stock valued at $802,000 after purchasing an additional 1,156 shares during the period. Ritholtz Wealth Management acquired a new position in shares of Performance Food Group during the 3rd quarter worth approximately $232,000. Machina Capital S.A.S. bought a new position in shares of Performance Food Group during the third quarter worth approximately $1,101,000. Illinois Municipal Retirement Fund increased its holdings in shares of Performance Food Group by 0.6% during the third quarter. Illinois Municipal Retirement Fund now owns 95,767 shares of the food distribution company’s stock worth $8,764,000 after purchasing an additional 609 shares during the period. Finally, Lido Advisors LLC raised its position in shares of Performance Food Group by 74.9% in the third quarter. Lido Advisors LLC now owns 8,327 shares of the food distribution company’s stock valued at $762,000 after buying an additional 3,566 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group News Roundup

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: For fiscal Q1 2027, adjusted EPS was $1.32, topping the roughly $1.27 consensus estimate. Revenue rose 5.5% year over year to $18.02 billion, in line with expectations. Zacks earnings report
• Positive Sentiment: Management maintained its fiscal 2027 net-sales outlook and expected sales to rise in the second quarter, supporting confidence in near-term demand and the annual plan. RTTNews results and outlook
• Positive Sentiment: Sanford C. Bernstein raised its price target to $135 from $130 and reiterated an Outperform rating. TD Cowen also lifted its target, to $125 from $110, and assigned a Buy rating—further signaling analyst optimism. Price-target update
• Neutral Sentiment: Quarterly revenue matched analyst expectations, so the earnings beat—not a top-line surprise—was the clearest positive in the report.

About Performance Food Group

Performance Food Group Co (NYSE:PFGC) is a food and foodservice distribution company serving restaurants, convenience stores, schools, health care facilities, hospitality businesses and other institutional customers. The company supplies a broad selection of fresh, frozen and dry food products, beverages, disposables, kitchen supplies and related equipment.

Performance Food Group operates through three primary business areas: Foodservice, which distributes products to independent and chain restaurants and institutional customers; Vistar, which supplies candy, snacks, beverages and other products to vending, theater, hospitality and specialty retail customers; and Convenience, which serves convenience stores and other retail locations with food, beverages, tobacco products and related merchandise.

The company traces its origins to 1987 and is headquartered in Richmond, Virginia.