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

Shares of Performance Food Group (NYSE:PFGC - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve analysts that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $95.73.

PFGC has been the subject of several recent research reports. Guggenheim boosted their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Truist Financial boosted their price objective on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Melius began coverage on Performance Food Group in a report on Wednesday, December 18th. They issued a "hold" rating and a $95.00 price target on the stock. UBS Group upped their price objective on Performance Food Group from $98.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Piper Sandler lowered Performance Food Group from an "overweight" rating to a "neutral" rating and cut their target price for the company from $92.00 to $90.00 in a research note on Friday.

Performance Food Group Trading Down 2.1 %

PFGC stock traded down $1.84 during mid-day trading on Friday, reaching $83.80. The company had a trading volume of 1,517,431 shares, compared to its average volume of 1,151,249. The company has a market capitalization of $13.09 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The firm has a 50 day moving average of $87.19 and a 200 day moving average of $81.02. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.73.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced 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 fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Performance Food Group

A number of large investors have recently added to or reduced their stakes in the business. Zions Bancorporation N.A. grew its stake in Performance Food Group by 21.1% in the 4th quarter. Zions Bancorporation N.A. now owns 35,679 shares of the food distribution company's stock worth $3,017,000 after acquiring an additional 6,213 shares during the period. Bridge City Capital LLC boosted its holdings in shares of Performance Food Group by 7.9% during the fourth quarter. Bridge City Capital LLC now owns 94,442 shares of the food distribution company's stock worth $7,985,000 after purchasing an additional 6,918 shares during the last quarter. LPL Financial LLC grew its position in shares of Performance Food Group by 37.1% in the fourth quarter. LPL Financial LLC now owns 93,183 shares of the food distribution company's stock valued at $7,992,000 after purchasing an additional 25,192 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Performance Food Group in the fourth quarter valued at $3,697,000. Finally, Knights of Columbus Asset Advisors LLC lifted its position in Performance Food Group by 3.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 106,019 shares of the food distribution company's stock worth $8,964,000 after buying an additional 3,112 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

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.