Performance Food Group (NYSE:PFGC) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Performance Food Group (NYSE:PFGC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $95.09.

A number of brokerages have recently commented on PFGC. Piper Sandler lowered shares of Performance Food Group from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. StockNews.com cut Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Barclays dropped their target price on Performance Food Group from $102.00 to $95.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Morgan Stanley boosted their price target on Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st.

Institutional Investors Weigh In On Performance Food Group

A number of large investors have recently added to or reduced their stakes in the stock. KBC Group NV grew its holdings in shares of Performance Food Group by 8.8% during the 1st quarter. KBC Group NV now owns 6,544 shares of the food distribution company's stock worth $515,000 after purchasing an additional 527 shares in the last quarter. Highland Capital Management LLC increased its stake in shares of Performance Food Group by 25.1% in the 1st quarter. Highland Capital Management LLC now owns 3,647 shares of the food distribution company's stock valued at $287,000 after purchasing an additional 732 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Performance Food Group by 353.5% in the first quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock worth $71,000 after acquiring an additional 707 shares during the last quarter. Steph & Co. boosted its position in Performance Food Group by 6.7% in the first quarter. Steph & Co. now owns 4,451 shares of the food distribution company's stock valued at $350,000 after buying an additional 280 shares in the last quarter. Finally, Moran Wealth Management LLC grew its position in Performance Food Group by 1.1% during the 1st quarter. Moran Wealth Management LLC now owns 94,656 shares of the food distribution company's stock worth $7,443,000 after acquiring an additional 989 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Performance Food Group Stock Down 0.4 %

Shares of NYSE:PFGC traded down $0.30 during midday trading on Thursday, reaching $79.12. 341,490 shares of the company were exchanged, compared to its average volume of 1,117,645. The firm has a market cap of $12.36 billion, a PE ratio of 31.93, a P/E/G ratio of 0.96 and a beta of 1.16. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The stock has a fifty day simple moving average of $78.15 and a two-hundred day simple moving average of $83.23.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, sell-side analysts forecast that Performance Food Group will post 4.58 earnings per share for the current year.

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.