Performance Food Group (NYSE:PFGC) Given New $102.00 Price Target at Barclays

Performance Food Group (NYSE:PFGC - Get Free Report) had its target price dropped by Barclays from $103.00 to $102.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the food distribution company's stock. Barclays's price objective indicates a potential upside of 19.03% from the company's previous close.

Several other equities research analysts have also commented on PFGC. Melius Research upgraded shares of Performance Food Group to a "hold" rating in a research report on Wednesday, December 18th. Wells Fargo & Company increased their target price 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 increased their target price 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. StockNews.com downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Truist Financial lifted their price target on shares of Performance Food Group from $88.00 to $101.00 and gave the company a "buy" rating in a report on Friday, November 8th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $95.73.

Performance Food Group Stock Up 0.7 %

PFGC traded up $0.60 on Thursday, hitting $85.69. 1,593,880 shares of the company were exchanged, compared to its average volume of 1,109,642. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The firm has a 50-day moving average price of $87.24 and a two-hundred day moving average price of $80.87. The company has a current ratio of 1.67, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 34.55, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. On average, equities analysts predict that Performance Food Group will post 4.6 earnings per share for the current year.

Insider Buying and Selling at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the sale, the insider now directly owns 172,372 shares of the company's stock, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Performance Food Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock valued at $298,794,000 after buying an additional 401,235 shares during the last quarter. Aigen Investment Management LP raised its position in shares of Performance Food Group by 56.1% during the 3rd quarter. Aigen Investment Management LP now owns 16,974 shares of the food distribution company's stock valued at $1,330,000 after acquiring an additional 6,099 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Performance Food Group in the third quarter worth $2,772,000. State Street Corp raised its holdings in shares of Performance Food Group by 2.2% during the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company's stock worth $360,197,000 after acquiring an additional 97,069 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Performance Food Group by 134.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company's stock valued at $54,665,000 after purchasing an additional 371,078 shares in the last quarter. Hedge funds and other 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.