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

Shares of Performance Food Group (NYSE:PFGC - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $94.33.

PFGC has been the subject of a number of research reports. Wells Fargo & Company raised their price target on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Melius Research raised Performance Food Group to a "hold" rating in a research report on Wednesday. Morgan Stanley reaffirmed an "equal weight" rating and set a $92.00 price target on shares of Performance Food Group in a research report on Monday, October 28th. Barclays lifted their price objective on Performance Food Group from $88.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. Finally, StockNews.com raised shares of Performance Food Group from a "hold" rating to a "buy" rating in a report on Wednesday, December 4th.

Performance Food Group Stock Performance

Shares of PFGC traded down $0.07 on Friday, reaching $84.39. 2,450,125 shares of the company's stock traded hands, compared to its average volume of 1,031,873. The stock's 50 day simple moving average is $85.29 and its two-hundred day simple moving average is $75.63. The stock has a market cap of $13.15 billion, a PE ratio of 31.14, a PEG ratio of 0.95 and a beta of 1.44. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12.

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

Insider Activity

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total value of $1,809,386.88. Following the transaction, the insider now directly owns 192,868 shares in the company, valued at $17,026,387.04. This represents a 9.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. grew its position in Performance Food Group by 281.4% in the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock worth $26,000 after acquiring an additional 242 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Performance Food Group in the 3rd quarter worth about $26,000. Venturi Wealth Management LLC increased its position in shares of Performance Food Group by 203.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company's stock valued at $32,000 after purchasing an additional 274 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Performance Food Group by 414.8% during the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company's stock valued at $36,000 after buying an additional 365 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in Performance Food Group in the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 96.87% of the company's stock.

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.