Performance Food Group (NYSE:PFGC) Upgraded at Melius Research

Performance Food Group (NYSE:PFGC) was upgraded by equities research analysts at Melius Research to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company increased their price objective 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. Guggenheim boosted their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barclays lifted their price target on shares of Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Piper Sandler boosted their price target on Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.33.

Performance Food Group Stock Down 0.8 %

Performance Food Group stock opened at $84.46 on Wednesday. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The firm has a market capitalization of $13.16 billion, a PE ratio of 31.17, a P/E/G ratio of 0.95 and a beta of 1.44. The company’s 50-day moving average is $85.29 and its 200-day moving average is $75.63. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73.

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 for the quarter, missing the consensus estimate of $1.22 by ($0.06). The company had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. Performance Food Group’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.15 earnings per share. Sell-side analysts anticipate that Performance Food Group will post 4.73 earnings per share for the current year.

Insider Transactions at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total value of $1,809,386.88. Following the sale, the insider now owns 192,868 shares of the company’s stock, valued at $17,026,387.04. The trade was a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Performance Food Group

A number of institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after acquiring an additional 242 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Performance Food Group during the 3rd quarter valued at about $26,000. Innealta Capital LLC bought a new stake in shares of Performance Food Group during the 2nd quarter valued at about $30,000. Venturi Wealth Management LLC grew its stake in 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 worth $32,000 after purchasing an additional 274 shares during the period. Finally, UMB Bank n.a. increased its holdings in Performance Food Group by 414.8% in the third quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after purchasing an additional 365 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

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.