Performance Food Group (NYSE:PFGC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Performance Food Group (NYSE:PFGC) have received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $94.33.

PFGC has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Guggenheim boosted their price objective on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Melius initiated coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They set a “hold” rating and a $95.00 target price on the stock. Piper Sandler lifted their price target on shares of Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Wells Fargo & Company increased their price objective on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th.

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 in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Performance Food Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its position in shares of Performance Food Group by 281.4% during the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after buying an additional 242 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Performance Food Group during the third quarter valued at approximately $26,000. Venturi Wealth Management LLC raised its position 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 valued at $32,000 after purchasing an additional 274 shares during the period. UMB Bank n.a. boosted its holdings in shares of Performance Food Group by 414.8% in the 3rd 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 during the period. Finally, V Square Quantitative Management LLC bought a new position in shares of Performance Food Group during the 3rd quarter valued at approximately $36,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Price Performance

NYSE PFGC opened at $87.76 on Tuesday. The company has a 50-day moving average price of $86.37 and a 200-day moving average price of $78.17. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $13.67 billion, a P/E ratio of 32.38, a PEG ratio of 0.91 and a beta of 1.43.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The business 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 0.72% and a return on equity of 16.66%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 earnings per share. Equities research analysts anticipate that Performance Food Group will post 4.74 earnings per share for the current year.

About Performance Food Group

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.