Performance Food Group (NYSE:PFGC - Get Free Report) had its price objective raised by equities researchers at BMO Capital Markets from $87.00 to $95.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the food distribution company's stock. BMO Capital Markets' price target suggests a potential upside of 9.33% from the company's current price.
PFGC has been the topic of a number of other reports. Jefferies Financial Group boosted their target price on Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Wells Fargo & Company boosted 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. Truist Financial boosted their target price on Performance Food Group from $86.00 to $88.00 and gave the stock a "buy" rating in a research report on Thursday, August 15th. Barclays lifted their price target on Performance Food Group from $88.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Performance Food Group from $93.00 to $94.00 and gave the company a "buy" rating in a report on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $93.00.
View Our Latest Analysis on PFGC
Performance Food Group Price Performance
Shares of PFGC traded down $0.73 during midday trading on Thursday, reaching $86.89. The stock had a trading volume of 543,485 shares, compared to its average volume of 1,023,423. Performance Food Group has a 52 week low of $59.35 and a 52 week high of $89.00. 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 firm's 50 day moving average price is $78.39 and its 200-day moving average price is $71.94. The company has a market capitalization of $13.54 billion, a P/E ratio of 31.21, a P/E/G ratio of 0.81 and a beta of 1.44.
Performance Food Group (NYSE:PFGC - Get Free Report) last announced its earnings results 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 analyst estimates of $15.22 billion. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $1.15 earnings per share. On average, analysts forecast that Performance Food Group will post 4.87 earnings per share for the current fiscal year.
Insider Activity
In other news, insider George L. Holm sold 63,500 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $73.53, for a total value of $4,669,155.00. Following the sale, the insider now directly owns 531,556 shares in the company, valued at approximately $39,085,312.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Kimberly Grant sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total transaction of $294,440.00. Following the sale, the director now directly owns 10,184 shares in the company, valued at $749,644.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider George L. Holm sold 63,500 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $73.53, for a total value of $4,669,155.00. Following the sale, the insider now owns 531,556 shares in the company, valued at approximately $39,085,312.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,500 shares of company stock worth $7,426,075. Company insiders own 2.80% of the company's stock.
Institutional Investors Weigh In On Performance Food Group
A number of large investors have recently bought and sold shares of the business. CIBC Asset Management Inc boosted its position in Performance Food Group by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company's stock valued at $354,000 after buying an additional 139 shares during the last quarter. Creative Planning boosted its position in Performance Food Group by 1.2% in the 3rd quarter. Creative Planning now owns 11,684 shares of the food distribution company's stock valued at $916,000 after buying an additional 140 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Performance Food Group by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company's stock valued at $469,000 after buying an additional 160 shares during the last quarter. Cetera Investment Advisers boosted its position in Performance Food Group by 0.4% in the 2nd quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company's stock valued at $3,044,000 after buying an additional 186 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in Performance Food Group by 1.9% in the 1st quarter. First Eagle Investment Management LLC now owns 10,971 shares of the food distribution company's stock valued at $819,000 after buying an additional 200 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.
About Performance Food Group
(
Get Free Report)
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.
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