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

Performance Food Group (NYSE:PFGC) has earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $95.73.

PFGC has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Guggenheim upped their price target on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Piper Sandler cut Performance Food Group from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Finally, Morgan Stanley lifted their price objective on shares of 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.

Insider Buying and Selling

In other news, insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the sale, the insider now owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. The trade was a 10.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Performance Food Group

A number of hedge funds have recently bought and sold shares of the company. FMR LLC lifted its holdings in Performance Food Group by 26.3% during the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock worth $1,043,293,000 after buying an additional 2,773,547 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Performance Food Group by 154.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company’s stock worth $330,625,000 after purchasing an additional 2,371,818 shares during the last quarter. Norges Bank acquired a new position in Performance Food Group in the fourth quarter worth $164,471,000. Holocene Advisors LP increased its stake in Performance Food Group by 32.0% during the third quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company’s stock valued at $234,174,000 after purchasing an additional 724,094 shares during the last quarter. Finally, Primecap Management Co. CA raised its holdings in shares of Performance Food Group by 29.1% during the third quarter. Primecap Management Co. CA now owns 2,098,330 shares of the food distribution company’s stock worth $164,446,000 after purchasing an additional 473,050 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Stock Performance

NYSE:PFGC opened at $87.20 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.73. The firm has a market cap of $13.62 billion, a PE ratio of 35.16, a P/E/G ratio of 0.96 and a beta of 1.44. The firm has a 50 day simple moving average of $86.96 and a 200-day simple moving average of $81.22. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share 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%. On average, equities analysts expect that Performance Food Group will post 4.6 EPS 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.