Analysts Set Performance Food Group (NYSE:PFGC) Price Target at $80.57

Performance Food Group (NYSE:PFGC) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $80.57.

Several equities research analysts have commented on PFGC shares. Morgan Stanley decreased their target price on shares of Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Barclays lowered their target price on shares of Performance Food Group from $86.00 to $84.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. Finally, StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th.

Performance Food Group Trading Up 2.0 %

NYSE PFGC opened at $66.57 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.64 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $10.36 billion, a P/E ratio of 24.84, a P/E/G ratio of 0.81 and a beta of 1.42. Performance Food Group has a 52-week low of $52.92 and a 52-week high of $78.54. The firm has a 50-day moving average price of $67.28 and a 200 day moving average price of $70.71.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, May 8th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). Performance Food Group had a return on equity of 16.22% and a net margin of 0.72%. The business had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $14.10 billion. During the same period last year, the company posted $0.83 earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts expect that Performance Food Group will post 4.2 EPS for the current year.

Institutional Trading of Performance Food Group

Several large investors have recently modified their holdings of the business. McGlone Suttner Wealth Management Inc. purchased a new stake in Performance Food Group in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC purchased a new stake in shares of Performance Food Group in the fourth quarter valued at $29,000. Rise Advisors LLC acquired a new stake in shares of Performance Food Group during the first quarter valued at $29,000. Signaturefd LLC increased its position in Performance Food Group by 38.8% during the 4th 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. acquired a new position in Performance Food Group in the 1st quarter valued at about $44,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

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.