Short Interest in Performance Food Group (NYSE:PFGC) Expands By 27.5%

Performance Food Group (NYSE:PFGC - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 3,800,000 shares, an increase of 27.5% from the March 15th total of 2,980,000 shares. Based on an average daily trading volume, of 1,270,000 shares, the days-to-cover ratio is currently 3.0 days. Approximately 2.5% of the company's stock are sold short.

Performance Food Group Stock Performance

Shares of PFGC stock traded up $0.39 during trading on Thursday, reaching $80.28. 168,941 shares of the company's stock were exchanged, compared to its average volume of 1,113,268. The firm's fifty day moving average price is $78.42 and its 200-day moving average price is $83.16. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The stock has a market capitalization of $12.54 billion, a PE ratio of 32.35, a PEG 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 (NYSE:PFGC - Get Free Report) last issued its quarterly earnings data 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 net margin of 0.64% and a return on equity of 16.58%. As a group, sell-side analysts anticipate that Performance Food Group will post 4.58 EPS for the current year.

Institutional Investors Weigh In On Performance Food Group

A number of institutional investors have recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in Performance Food Group during the 4th quarter worth approximately $26,000. CENTRAL TRUST Co boosted its holdings in Performance Food Group by 476.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock valued at $39,000 after purchasing an additional 405 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of Performance Food Group during the 4th quarter worth approximately $42,000. Farther Finance Advisors LLC increased its holdings in shares of Performance Food Group by 203.7% during the first quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock worth $40,000 after purchasing an additional 334 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Performance Food Group by 64.6% in the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after buying an additional 212 shares in the last quarter. Institutional investors own 96.87% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PFGC shares. Piper Sandler downgraded Performance Food Group from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Morgan Stanley increased 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 report on Tuesday, January 21st. StockNews.com downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Barclays cut their price target on shares of Performance Food Group from $102.00 to $95.00 and set an "overweight" rating on the stock in a research report on Tuesday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Performance Food Group presently has an average rating of "Moderate Buy" and a consensus target price of $95.09.

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.