Analysts Set Performance Food Group Company (NYSE:PFGC) PT at $118.22

Shares of Performance Food Group Company (NYSE:PFGC) have been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $118.2222.

Several brokerages have recently weighed in on PFGC. UBS Group reiterated a “buy” rating and issued a $120.00 price target on shares of Performance Food Group in a report on Friday, December 19th. Morgan Stanley set a $123.00 target price on Performance Food Group in a research note on Tuesday, January 20th. Wall Street Zen lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Guggenheim restated a “buy” rating on shares of Performance Food Group in a report on Thursday, December 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a report on Monday, December 29th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in shares of Performance Food Group by 51.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock worth $32,000 after buying an additional 123 shares during the period. AlphaQuest LLC grew its holdings in Performance Food Group by 658.0% during the 2nd quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock worth $33,000 after acquiring an additional 329 shares in the last quarter. Root Financial Partners LLC purchased a new position in Performance Food Group during the 3rd quarter valued at about $39,000. Golden State Wealth Management LLC raised its holdings in shares of Performance Food Group by 148.6% in the 2nd quarter. Golden State Wealth Management LLC now owns 522 shares of the food distribution company’s stock valued at $46,000 after purchasing an additional 312 shares in the last quarter. Finally, Eastern Bank purchased a new stake in shares of Performance Food Group in the 3rd quarter worth approximately $47,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Performance Food Group Trading Down 0.1%

PFGC stock opened at $93.81 on Friday. Performance Food Group has a twelve month low of $68.39 and a twelve month high of $109.05. The stock has a market capitalization of $14.71 billion, a price-to-earnings ratio of 45.10, a price-to-earnings-growth ratio of 1.13 and a beta of 0.93. The company has a quick ratio of 0.70, a current ratio of 1.67 and a debt-to-equity ratio of 1.55. The firm’s fifty day simple moving average is $93.04 and its two-hundred day simple moving average is $97.98.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.02. Performance Food Group had a net margin of 0.50% and a return on equity of 15.97%. The firm had revenue of $17.08 billion during the quarter, compared to analyst estimates of $16.87 billion. During the same quarter last year, the business earned $1.16 EPS. The business’s revenue was up 10.8% on a year-over-year basis. As a group, analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current year.

About Performance Food Group

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.