Analysts Set Performance Food Group (NYSE:PFGC) PT at $94.33

Performance Food Group (NYSE:PFGC) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to 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.

A number of research analysts have issued reports on PFGC shares. Wells Fargo & Company lifted their price objective on Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. BMO Capital Markets lifted their price target on Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Piper Sandler increased their price objective on shares of Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. UBS Group raised their price objective on shares of Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Melius began coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They issued a “hold” rating and a $95.00 target price on the stock.

Insider Buying and Selling

In related news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the completion of the sale, the insider now owns 192,868 shares in the company, valued at approximately $17,026,387.04. This represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Performance Food Group

Large investors have recently made changes to their positions in the company. Aigen Investment Management LP lifted its position in Performance Food Group by 56.1% during the third quarter. Aigen Investment Management LP now owns 16,974 shares of the food distribution company’s stock valued at $1,330,000 after purchasing an additional 6,099 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Performance Food Group in the third quarter worth about $2,772,000. State Street Corp lifted its position in shares of Performance Food Group by 2.2% during the 3rd quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock valued at $360,197,000 after buying an additional 97,069 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Performance Food Group during the 3rd quarter valued at approximately $3,032,000. Finally, Natixis Advisors LLC increased its holdings in Performance Food Group by 14.2% in the 3rd quarter. Natixis Advisors LLC now owns 221,544 shares of the food distribution company’s stock worth $17,363,000 after acquiring an additional 27,586 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $85.58 on Friday. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12. The company’s fifty day moving average price is $85.55 and its 200-day moving average price is $76.15. The stock has a market cap of $13.33 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data 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). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The business had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.22 billion. During the same quarter last year, the company posted $1.15 EPS. Performance Food Group’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities analysts expect that Performance Food Group will post 4.73 EPS for the current fiscal year.

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.