Performance Food Group (NYSE:PFGC) Given Consensus Rating of "Moderate Buy" by Brokerages

Performance Food Group (NYSE:PFGC - Get Free Report) has received a consensus rating of "Moderate Buy" from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $94.33.

Several equities analysts have issued reports on PFGC shares. Jefferies Financial Group increased their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Piper Sandler lifted their price objective on Performance Food Group from $79.00 to $92.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Guggenheim increased their price objective 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. Morgan Stanley reaffirmed an "equal weight" rating and set a $92.00 target price on shares of Performance Food Group in a report on Monday, October 28th. Finally, Melius Research raised shares of Performance Food Group to a "hold" rating in a research note on Wednesday, December 18th.

Performance Food Group Stock Performance

PFGC traded up $1.80 on Tuesday, reaching $86.44. 781,105 shares of the stock were exchanged, compared to its average volume of 757,688. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73. The company's 50-day moving average price is $86.22 and its 200 day moving average price is $77.65. The firm has a market capitalization of $13.47 billion, a PE ratio of 31.90, a PEG ratio of 0.95 and a beta of 1.43. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The business had revenue of $15.42 billion during the quarter, compared to analysts' expectations of $15.22 billion. During the same period in the previous year, the company posted $1.15 earnings per share. Performance Food Group's revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Performance Food Group will post 4.73 EPS for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 172,372 shares of the company's stock, valued at approximately $14,582,671.20. This trade represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.80% of the company's stock.

Institutional Trading of Performance Food Group

A number of large investors have recently made changes to their positions in the company. FMR LLC increased its stake in Performance Food Group by 26.3% in the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company's stock valued at $1,043,293,000 after buying an additional 2,773,547 shares during the period. State Street Corp lifted its holdings in shares of Performance Food Group by 2.2% in 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 during the period. JPMorgan Chase & Co. grew its stake in shares of Performance Food Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock worth $298,794,000 after purchasing an additional 401,235 shares during the period. Holocene Advisors LP increased its holdings in shares of Performance Food Group by 32.0% in the 3rd quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company's stock valued at $234,174,000 after purchasing an additional 724,094 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Performance Food Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,587,054 shares of the food distribution company's stock valued at $202,803,000 after purchasing an additional 36,385 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

About Performance Food Group

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.