Performance Food Group (NYSE:PFGC) Given New $133.00 Price Target at UBS Group

Performance Food Group (NYSE:PFGC) had its price target increased by analysts at UBS Group from $130.00 to $133.00 in a research 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 indicates a potential upside of 20.90% from the company’s current price.

Several other research analysts have also issued reports on PFGC. Morgan Stanley upped their target price on shares of Performance Food Group from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Sanford C. Bernstein raised their price target on Performance Food Group from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday. TD Cowen lifted their price target on Performance Food Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $133.00 price objective on shares of Performance Food Group in a report on Thursday, August 13th. Finally, Wells Fargo & Company increased their price objective on Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $128.70.

Performance Food Group Price Performance

PFGC stock traded up $0.44 during midday trading on Thursday, reaching $110.01. The company had a trading volume of 3,136,705 shares, compared to its average volume of 1,874,647. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67. 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 $17.33 billion, a P/E ratio of 48.04, a P/E/G ratio of 1.24 and a beta of 0.91. The firm has a 50-day moving average price of $95.73 and a 200-day moving average price of $97.58.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, November 4th. The food distribution company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The firm had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.02 billion. Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS. On average, research analysts anticipate that Performance Food Group will post 5.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Erika T. Davis sold 1,320 shares of Performance Food Group stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total value of $138,982.80. Following the transaction, the insider owned 40,402 shares in the company, valued at $4,253,926.58. This trade represents a 3.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chasity D. Grosh sold 1,005 shares of Performance Food Group stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $92.40, for a total transaction of $92,862.00. Following the completion of the transaction, the insider owned 5,783 shares in the company, valued at approximately $534,349.20. The trade was a 14.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 41,459 shares of company stock worth $4,317,917 in the last ninety days. 2.10% of the stock is currently owned by insiders.

Institutional Trading of Performance Food Group

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Performance Food Group in the second quarter worth about $1,576,983,000. Primecap Management Co. CA purchased a new stake in Performance Food Group during the 2nd quarter valued at about $305,064,000. Bank of New York Mellon Corp purchased a new stake in Performance Food Group during the 2nd quarter valued at about $105,756,000. TimesSquare Capital Management LLC purchased a new stake in Performance Food Group during the 2nd quarter valued at about $94,236,000. Finally, Bank of America Corp DE bought a new position in Performance Food Group during the 2nd quarter worth approximately $78,474,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Performance Food Group

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: For fiscal Q1 2027, adjusted EPS was $1.32, topping the roughly $1.27 consensus estimate. Revenue rose 5.5% year over year to $18.02 billion, in line with expectations. Zacks earnings report
• Positive Sentiment: Management maintained its fiscal 2027 net-sales outlook and expected sales to rise in the second quarter, supporting confidence in near-term demand and the annual plan. RTTNews results and outlook
• Positive Sentiment: Sanford C. Bernstein raised its price target to $135 from $130 and reiterated an Outperform rating. TD Cowen also lifted its target, to $125 from $110, and assigned a Buy rating—further signaling analyst optimism. Price-target update
• Neutral Sentiment: Quarterly revenue matched analyst expectations, so the earnings beat—not a top-line surprise—was the clearest positive in the report.

Performance Food Group Company Profile

Performance Food Group Co (NYSE:PFGC) is a food and foodservice distribution company serving restaurants, convenience stores, schools, health care facilities, hospitality businesses and other institutional customers. The company supplies a broad selection of fresh, frozen and dry food products, beverages, disposables, kitchen supplies and related equipment.

Performance Food Group operates through three primary business areas: Foodservice, which distributes products to independent and chain restaurants and institutional customers; Vistar, which supplies candy, snacks, beverages and other products to vending, theater, hospitality and specialty retail customers; and Convenience, which serves convenience stores and other retail locations with food, beverages, tobacco products and related merchandise.

The company traces its origins to 1987 and is headquartered in Richmond, Virginia.