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

Performance Food Group (NYSE:PFGC - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $94.33.

PFGC has been the topic of a number of research reports. Barclays lifted their price target on shares of Performance Food Group from $88.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. UBS Group boosted their price objective on Performance Food Group from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Melius initiated coverage on Performance Food Group in a research report on Wednesday, December 18th. They issued a "hold" rating and a $95.00 target price for the company. Melius Research upgraded Performance Food Group to a "hold" rating in a report on Wednesday, December 18th. Finally, Truist Financial raised their price target on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a "buy" rating in a report on Friday, November 8th.

Insiders Place Their Bets

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the company's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the transaction, the insider now directly owns 172,372 shares in the company, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.80% of the stock is owned by company insiders.

Institutional Trading of Performance Food Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in shares of Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock worth $26,000 after purchasing an additional 242 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Performance Food Group in the third quarter valued at approximately $26,000. Venturi Wealth Management LLC raised its position in shares of 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 buying an additional 274 shares during the last quarter. UMB Bank n.a. grew its position 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 valued at $36,000 after acquiring an additional 365 shares during the period. Finally, V Square Quantitative Management LLC acquired a new stake in Performance Food Group in the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 96.87% of the company's stock.

Performance Food Group Price Performance

Shares of PFGC traded up $0.74 during mid-day trading on Tuesday, reaching $87.76. The company had a trading volume of 712,723 shares, compared to its average volume of 847,629. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 32.38, a P/E/G ratio of 0.91 and a beta of 1.43. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The company's 50 day simple moving average is $86.29 and its 200 day simple moving average is $77.86.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted 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). 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 the consensus estimate of $15.22 billion. During the same period last year, the business posted $1.15 earnings per share. The business's revenue was up 3.2% on a year-over-year basis. Analysts expect that Performance Food Group will post 4.74 EPS for the current 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.