Performance Food Group (NYSE:PFGC) Price Target Raised to $102.00 at UBS Group

Performance Food Group (NYSE:PFGC) had its target price upped by UBS Group from $98.00 to $102.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the food distribution company’s stock. UBS Group’s price target would suggest a potential upside of 17.57% from the company’s previous close.

Other analysts also recently issued research reports about the stock. BMO Capital Markets raised their price objective on shares of Performance Food Group from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, August 15th. StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Barclays boosted their price target on Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $92.00 price objective on shares of Performance Food Group in a research report on Monday, October 28th. Finally, Wells Fargo & Company upped their price target on Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.11.

Performance Food Group Price Performance

Shares of Performance Food Group stock traded down $0.86 during trading hours on Thursday, reaching $86.76. The company’s stock had a trading volume of 205,865 shares, compared to its average volume of 1,021,860. The firm has a 50 day moving average price of $78.39 and a 200-day moving average price of $71.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.64 and a quick ratio of 0.76. The stock has a market cap of $13.52 billion, a P/E ratio of 30.92, a P/E/G ratio of 0.81 and a beta of 1.44. Performance Food Group has a one year low of $59.35 and a one year high of $89.00.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.05). The company had revenue of $15.42 billion for the quarter, compared to analysts’ expectations of $15.22 billion. Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.15 earnings per share. On average, analysts predict that Performance Food Group will post 4.87 EPS for the current year.

Insider Buying and Selling at Performance Food Group

In related news, insider Scott E. Mcpherson sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 149,863 shares of the company’s stock, valued at $11,185,774.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider George L. Holm sold 63,500 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the sale, the insider now directly owns 531,556 shares of the company’s stock, valued at $39,085,312.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott E. Mcpherson sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $74.64, for a total value of $1,866,000.00. Following the sale, the insider now owns 149,863 shares in the company, valued at $11,185,774.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,500 shares of company stock valued at $7,426,075. 2.80% of the stock is owned by insiders.

Institutional Trading of Performance Food Group

Several institutional investors have recently bought and sold shares of PFGC. Capital World Investors increased its stake in Performance Food Group by 0.5% during the 1st quarter. Capital World Investors now owns 21,527,096 shares of the food distribution company’s stock worth $1,606,782,000 after buying an additional 100,244 shares in the last quarter. Eminence Capital LP raised its stake in Performance Food Group by 7.4% in the 2nd quarter. Eminence Capital LP now owns 2,398,614 shares of the food distribution company’s stock valued at $158,572,000 after purchasing an additional 164,472 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Performance Food Group by 27.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock valued at $142,170,000 after purchasing an additional 469,500 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Performance Food Group by 27.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,710,679 shares of the food distribution company’s stock worth $113,093,000 after purchasing an additional 372,218 shares during the last quarter. Finally, Primecap Management Co. CA grew its holdings in shares of Performance Food Group by 223.4% during the second quarter. Primecap Management Co. CA now owns 1,625,280 shares of the food distribution company’s stock worth $107,447,000 after buying an additional 1,122,676 shares in the last quarter. 96.87% of the stock is 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.