UBS Group Increases Performance Food Group (NYSE:PFGC) Price Target to $102.00

Performance Food Group (NYSE:PFGC) had its price target hoisted by equities research analysts at UBS Group from $98.00 to $102.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the food distribution company’s stock. UBS Group’s target price would indicate a potential upside of 18.66% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets lifted their price objective on Performance Food Group from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, August 15th. Truist Financial lifted their price objective on Performance Food Group from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Barclays lifted their price objective on Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.50.

Performance Food Group Price Performance

Shares of NYSE PFGC opened at $85.96 on Thursday. The stock has a market cap of $13.40 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 0.88 and a beta of 1.44. Performance Food Group has a fifty-two week low of $59.35 and a fifty-two week high of $89.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 1.70. The stock has a fifty day moving average of $78.82 and a 200-day moving average of $72.15.

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 $1.21 by ($0.05). The company had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. Performance Food Group’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.15 earnings per share. Equities research analysts anticipate that Performance Food Group will post 4.84 earnings per share for the current year.

Insiders Place Their Bets

In other 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 value of $4,669,155.00. Following the transaction, the insider now owns 531,556 shares in the company, valued at approximately $39,085,312.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Kimberly Grant sold 4,000 shares of Performance Food Group stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total value of $294,440.00. Following the transaction, the director now owns 10,184 shares in the company, valued at approximately $749,644.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $4,669,155.00. Following the completion of the transaction, the insider now owns 531,556 shares in the company, valued at approximately $39,085,312.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,500 shares of company stock valued at $7,426,075 over the last 90 days. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PFGC. Blue Trust Inc. increased its holdings in Performance Food Group by 281.4% during the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after purchasing an additional 242 shares during the period. Ashton Thomas Securities LLC purchased a new position in Performance Food Group during the 3rd quarter valued at about $26,000. Venturi Wealth Management LLC increased its holdings in Performance Food Group by 203.0% during the 3rd 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 period. UMB Bank n.a. increased its holdings in Performance Food Group by 414.8% during the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock valued at $36,000 after purchasing an additional 365 shares during the period. Finally, Innealta Capital LLC purchased a new position in Performance Food Group during the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

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.