Performance Food Group (NYSE:PFGC) Stock Price Expected to Rise, Truist Financial Analyst Says

Performance Food Group (NYSE:PFGC - Get Free Report) had its price objective boosted by Truist Financial from $88.00 to $101.00 in a report released on Friday,Benzinga reports. The firm presently has a "buy" rating on the food distribution company's stock. Truist Financial's price target would indicate a potential upside of 17.50% from the stock's current price.

Several other equities research analysts have also issued reports on PFGC. Deutsche Bank Aktiengesellschaft raised their target price on Performance Food Group from $93.00 to $94.00 and gave the company a "buy" rating in a research report on Thursday, August 15th. UBS Group raised their price objective on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday. Jefferies Financial Group boosted their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. StockNews.com lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, Guggenheim lifted their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $94.50.

Performance Food Group Stock Up 0.7 %

Shares of PFGC stock traded up $0.63 on Friday, hitting $85.96. The stock had a trading volume of 1,453,407 shares, compared to its average volume of 1,028,922. Performance Food Group has a 12-month low of $59.35 and a 12-month high of $89.00. The stock has a market cap of $13.40 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 0.88 and a beta of 1.44. The business has a 50 day moving average of $78.82 and a 200 day moving average of $72.15. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.76.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.05). The firm had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. Performance Food Group's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 EPS. As a group, analysts expect that Performance Food Group will post 4.84 EPS for the current year.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider George L. Holm sold 63,500 shares of Performance Food Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the completion of the transaction, the insider now owns 531,556 shares of the company's stock, valued at $39,085,312.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider George L. Holm sold 63,500 shares of the company's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $73.53, for a total value of $4,669,155.00. Following the transaction, the insider now owns 531,556 shares of the company's stock, valued at approximately $39,085,312.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott E. Mcpherson sold 25,000 shares of Performance Food Group stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $74.64, for a total value of $1,866,000.00. Following the sale, the insider now directly owns 149,863 shares of the company's stock, valued at $11,185,774.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,500 shares of company stock worth $7,426,075. 2.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Performance Food Group

A number of institutional investors and hedge funds have recently bought and sold shares of PFGC. CIBC Asset Management Inc raised its position in shares of Performance Food Group by 3.2% during the 3rd quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company's stock valued at $354,000 after buying an additional 139 shares in the last quarter. Creative Planning boosted its holdings in shares of Performance Food Group by 1.2% in the 3rd quarter. Creative Planning now owns 11,684 shares of the food distribution company's stock worth $916,000 after purchasing an additional 140 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Performance Food Group by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company's stock valued at $469,000 after purchasing an additional 160 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Performance Food Group by 0.4% during the 2nd quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company's stock valued at $3,044,000 after buying an additional 186 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in Performance Food Group by 1.9% in the 1st quarter. First Eagle Investment Management LLC now owns 10,971 shares of the food distribution company's stock worth $819,000 after buying an additional 200 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

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.