Performance Food Group Company (NYSE:PFGC) Receives $123.82 Average PT from Analysts

Shares of Performance Food Group Company (NYSE:PFGC) have received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $126.90.

A number of equities analysts recently commented on the stock. Guggenheim raised their price target on shares of Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Morgan Stanley raised their target price on shares of Performance Food Group from $120.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Wells Fargo & Company boosted their price target on Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Sanford C. Bernstein reissued an “outperform” rating on shares of Performance Food Group in a research report on Thursday. Finally, UBS Group lowered their price objective on Performance Food Group from $132.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday.

Insider Buying and Selling

In other Performance Food Group news, insider A Brent King sold 6,111 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $105.00, for a total value of $641,655.00. Following the transaction, the insider directly owned 44,260 shares of the company’s stock, valued at $4,647,300. This trade represents a 12.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Erika T. Davis sold 2,595 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $110.00, for a total transaction of $285,450.00. Following the completion of the transaction, the insider directly owned 40,446 shares in the company, valued at approximately $4,449,060. This represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 27,187 shares of company stock worth $2,743,695. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Performance Food Group

Several large investors have recently made changes to their positions in PFGC. Cedar Mountain Advisors LLC acquired a new position in Performance Food Group during the first quarter valued at approximately $28,000. Asset Planning Inc bought a new stake in Performance Food Group during the first quarter worth $35,000. Torren Management LLC acquired a new stake in shares of Performance Food Group in the 4th quarter valued at $41,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Performance Food Group in the 2nd quarter valued at $51,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Performance Food Group in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Stock Performance

PFGC opened at $107.07 on Wednesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.68. The business has a fifty day simple moving average of $109.79 and a 200 day simple moving average of $97.96. Performance Food Group has a 1 year low of $80.82 and a 1 year high of $117.47. The company has a market capitalization of $16.87 billion, a PE ratio of 46.76, a price-to-earnings-growth ratio of 1.33 and a beta of 0.91.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.01). Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The firm had revenue of $18.03 billion for the quarter, compared to the consensus estimate of $18.11 billion. During the same quarter in the previous year, the business earned $0.84 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Research analysts expect that Performance Food Group will post 5.64 EPS for the current year.

Performance Food Group Company Profile

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.