Performance Food Group Company (NYSE:PFGC) Given Average Rating of “Moderate Buy” by Analysts

Shares of Performance Food Group Company (NYSE:PFGC) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $116.2222.

A number of analysts recently commented on PFGC shares. UBS Group reiterated a “buy” rating and set a $120.00 price objective on shares of Performance Food Group in a research report on Friday, December 19th. Wall Street Zen cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a report on Monday, December 29th. Sanford C. Bernstein assumed coverage on shares of Performance Food Group in a research note on Wednesday, October 22nd. They set an “outperform” rating and a $130.00 price objective on the stock. Finally, Barclays raised their target price on shares of Performance Food Group from $118.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th.

Performance Food Group Trading Down 2.2%

Shares of PFGC opened at $87.92 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.67 and a quick ratio of 0.70. Performance Food Group has a 1-year low of $68.39 and a 1-year high of $109.05. The stock has a market cap of $13.79 billion, a price-to-earnings ratio of 42.27, a price-to-earnings-growth ratio of 1.07 and a beta of 0.93. The firm has a 50 day simple moving average of $94.39 and a 200-day simple moving average of $97.33.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, November 5th. The food distribution company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Performance Food Group had a return on equity of 15.97% and a net margin of 0.50%.The firm had revenue of $17.08 billion for the quarter, compared to analysts’ expectations of $16.87 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. Performance Food Group’s quarterly revenue was up 10.8% on a year-over-year basis. Equities analysts forecast that Performance Food Group will post 4.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Performance Food Group

A number of hedge funds and other institutional investors have recently made changes to their positions in PFGC. Parkside Financial Bank & Trust lifted its position in Performance Food Group by 51.3% during the second 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. Root Financial Partners LLC purchased a new position in shares of Performance Food Group during the 3rd quarter worth about $39,000. AlphaQuest LLC boosted its position in shares of Performance Food Group by 658.0% in the second quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock worth $33,000 after acquiring an additional 329 shares during the last quarter. Eastern Bank purchased a new stake in Performance Food Group in the third quarter valued at approximately $47,000. Finally, Golden State Wealth Management LLC increased its position in Performance Food Group by 148.6% during the second quarter. Golden State Wealth Management LLC now owns 522 shares of the food distribution company’s stock worth $46,000 after purchasing an additional 312 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

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.