Performance Food Group (PFGC) – Research Analysts’ Weekly Ratings Updates

Performance Food Group (NYSE: PFGC) recently received a number of ratings updates from brokerages and research firms:

• 11/18/2024 – Performance Food Group had its price target raised by analysts at Piper Sandler from $79.00 to $92.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – Performance Food Group had its price target raised by analysts at Truist Financial Co. from $88.00 to $101.00. They now have a “buy” rating on the stock.
• 11/7/2024 – Performance Food Group had its price target raised by analysts at BMO Capital Markets from $87.00 to $95.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Performance Food Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/7/2024 – Performance Food Group had its price target raised by analysts at Guggenheim from $90.00 to $95.00. They now have a “buy” rating on the stock.
• 11/7/2024 – Performance Food Group had its price target raised by analysts at UBS Group AG from $98.00 to $102.00. They now have a “buy” rating on the stock.
• 10/28/2024 – Performance Food Group had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $92.00 price target on the stock.
• 10/22/2024 – Performance Food Group had its price target raised by analysts at Barclays PLC from $88.00 to $98.00. They now have an “overweight” rating on the stock.
• 10/9/2024 – Performance Food Group had its price target raised by analysts at Wells Fargo & Company from $83.00 to $88.00. They now have an “overweight” rating on the stock.
• 9/25/2024 – Performance Food Group had its price target raised by analysts at Jefferies Financial Group Inc. from $90.00 to $95.00. They now have a “buy” rating on the stock.

Performance Food Group Stock Performance

PFGC traded down $0.21 on Tuesday, hitting $83.26. 181,875 shares of the company traded hands, compared to its average volume of 1,026,709. The stock has a market capitalization of $12.97 billion, a PE ratio of 30.72, a PEG ratio of 0.90 and a beta of 1.44. The company has a 50 day moving average of $80.30 and a 200-day moving average of $72.90. Performance Food Group has a 12-month low of $61.40 and a 12-month high of $89.00. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The firm had revenue of $15.42 billion during the quarter, compared to analyst estimates of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 EPS. Sell-side analysts anticipate that Performance Food Group will post 4.71 earnings per share for the current year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Scott E. Mcpherson sold 25,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the transaction, the insider now owns 149,863 shares of the company’s stock, valued at $11,185,774.32. This represents a 14.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kimberly Grant sold 4,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total value of $294,440.00. Following the transaction, the director now directly owns 10,184 shares in the company, valued at approximately $749,644.24. This represents a 28.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,000 shares of company stock worth $2,756,920. 2.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Blue Trust Inc. raised its position 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 purchasing an additional 242 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Performance Food Group during the third quarter valued at about $26,000. Innealta Capital LLC acquired a new stake in shares of Performance Food Group during the second quarter valued at about $30,000. Venturi Wealth Management LLC grew its stake in shares of Performance Food Group by 203.0% during the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after acquiring an additional 274 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Performance Food Group by 414.8% during the third 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 in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

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.