Brokerages Set Performance Food Group (NYSE:PFGC) PT at $95.73

Performance Food Group (NYSE:PFGC - Get Free Report) has earned an average rating of "Moderate Buy" from the twelve ratings firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $95.73.

A number of analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Barclays dropped their price objective on shares of Performance Food Group from $103.00 to $102.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Melius began coverage on Performance Food Group in a research note on Wednesday, December 18th. They issued a "hold" rating and a $95.00 target price for the company. StockNews.com downgraded Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Piper Sandler cut Performance Food Group from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $92.00 to $90.00 in a research note on Friday, February 7th.

Performance Food Group Stock Up 2.0 %

NYSE PFGC traded up $1.58 on Friday, hitting $81.03. The stock had a trading volume of 796,479 shares, compared to its average volume of 1,106,321. The business's fifty day moving average price is $82.76 and its 200 day moving average price is $83.47. The stock has a market cap of $12.66 billion, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share 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%. Equities research analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current year.

Hedge Funds Weigh In On Performance Food Group

A number of institutional investors and hedge funds have recently modified their holdings of PFGC. Victory Capital Management Inc. lifted its position in Performance Food Group by 154.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company's stock valued at $330,625,000 after acquiring an additional 2,371,818 shares during the last quarter. Norges Bank purchased a new stake in shares of Performance Food Group in the 4th quarter valued at about $164,471,000. Junto Capital Management LP boosted its position in shares of Performance Food Group by 419.9% in the 4th quarter. Junto Capital Management LP now owns 1,406,080 shares of the food distribution company's stock valued at $118,884,000 after purchasing an additional 1,135,641 shares during the period. Holocene Advisors LP grew its stake in Performance Food Group by 32.0% during the 3rd quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company's stock worth $234,174,000 after buying an additional 724,094 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in Performance Food Group by 30.9% in the fourth quarter. Point72 Asset Management L.P. now owns 2,111,242 shares of the food distribution company's stock valued at $178,506,000 after buying an additional 498,554 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

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.