Performance Food Group (NYSE:PFGC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Performance Food Group (NYSE:PFGC) has been given an average recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $94.33.

A number of research firms have recently commented on PFGC. UBS Group boosted their price target on shares of Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their target price on Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Melius Research raised Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Melius started coverage on Performance Food Group in a report on Wednesday, December 18th. They set a “hold” rating and a $95.00 price objective for the company. Finally, Jefferies Financial Group raised 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.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction that occurred 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 transaction, the insider now directly owns 172,372 shares of the company’s stock, valued at $14,582,671.20. The trade was a 10.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Performance Food Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of Performance Food Group by 281.4% in the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after acquiring an additional 242 shares during the period. Ashton Thomas Securities LLC bought a new position in Performance Food Group during the 3rd quarter valued at approximately $26,000. Innealta Capital LLC bought a new position in Performance Food Group during the 2nd quarter valued at approximately $30,000. Venturi Wealth Management LLC lifted its holdings in Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock worth $32,000 after buying an additional 274 shares during the period. Finally, UMB Bank n.a. grew its position in shares of Performance Food Group by 414.8% in the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after buying an additional 365 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Performance Food Group Stock Performance

NYSE:PFGC opened at $85.58 on Friday. The business’s fifty day moving average is $85.55 and its 200 day moving average is $76.15. The firm has a market cap of $13.33 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 0.95 and a beta of 1.44. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The company had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. During the same quarter in the prior year, the company earned $1.15 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Research analysts predict that Performance Food Group will post 4.73 EPS for the current year.

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.