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

Shares of Performance Food Group (NYSE:PFGC - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $95.73.

PFGC has been the topic of a number of research reports. Truist Financial lifted their price target on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Morgan Stanley boosted their target price on Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Piper Sandler cut Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $92.00 to $90.00 in a research report on Friday, February 7th. Barclays decreased their price objective on Performance Food Group from $103.00 to $102.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Finally, Melius began coverage on shares of Performance Food Group in a report on Wednesday, December 18th. They set a "hold" rating and a $95.00 price objective on the stock.

Performance Food Group Stock Performance

Shares of Performance Food Group stock traded down $0.91 during trading hours on Wednesday, hitting $77.80. 2,534,627 shares of the company's stock traded hands, compared to its average volume of 1,215,371. The stock has a market capitalization of $12.15 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 0.96 and a beta of 1.40. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The company has a fifty day simple moving average of $85.84 and a 200-day simple moving average of $82.92.

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Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 EPS for the current fiscal year.

Insider Activity

In related news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the sale, the insider now owns 172,372 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. 2.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Performance Food Group

A number of institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new stake in shares of Performance Food Group during the 3rd quarter valued at about $26,000. Millstone Evans Group LLC bought a new stake in Performance Food Group during the fourth quarter valued at approximately $26,000. Venturi Wealth Management LLC lifted its position in Performance Food Group by 203.0% during the third 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. Central Pacific Bank Trust Division purchased a new position in Performance Food Group in the 4th quarter worth approximately $42,000. Finally, Blue Trust Inc. increased its holdings in shares of Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after buying an additional 212 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

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.