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

Performance Food Group Company (NYSE:PFGC) has received an average rating of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $126.90.

Several research firms have issued reports on PFGC. Sanford C. Bernstein reiterated an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $133.00 target price on shares of Performance Food Group in a report on Thursday, August 13th. Citigroup increased their target price on shares of Performance Food Group from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Morgan Stanley boosted their price target on shares of Performance Food Group from $120.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of Performance Food Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th.

Performance Food Group Price Performance

NYSE PFGC opened at $94.33 on Friday. The company has a market cap of $14.86 billion, a P/E ratio of 41.19, a P/E/G ratio of 1.22 and a beta of 0.88. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 1.34. Performance Food Group has a 1 year low of $80.82 and a 1 year high of $117.47. The company has a fifty day simple moving average of $108.04 and a 200 day simple moving average of $98.73.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The business had revenue of $18.03 billion during the quarter, compared to analyst estimates of $18.11 billion. During the same period last year, the business earned $0.84 EPS. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts predict that Performance Food Group will post 5.6 EPS for the current year.

Insider Transactions at Performance Food Group

In related news, insider Erika T. Davis sold 8,008 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $104.21, for a total value of $834,513.68. Following the transaction, the insider directly owned 43,986 shares in the company, valued at $4,583,781.06. This represents a 15.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider A. King sold 8,023 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $104.21, for a total value of $836,076.83. Following the completion of the transaction, the insider owned 47,800 shares in the company, valued at $4,981,238. This represents a 14.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 43,049 shares of company stock valued at $4,510,505 over the last 90 days. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Performance Food Group

Large investors have recently made changes to their positions in the company. Capital World Investors raised its position in Performance Food Group by 1.0% in the 4th quarter. Capital World Investors now owns 22,663,573 shares of the food distribution company’s stock valued at $2,037,910,000 after buying an additional 216,720 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Performance Food Group by 10,766.1% during the 2nd quarter. California State Teachers Retirement System now owns 19,960,216 shares of the food distribution company’s stock worth $2,231,353,000 after acquiring an additional 19,776,523 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Performance Food Group in the second quarter valued at approximately $1,576,983,000. Wellington Management Group LLP raised its holdings in shares of Performance Food Group by 46.2% in the third quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock valued at $646,447,000 after purchasing an additional 1,964,799 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Performance Food Group by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 2,803,918 shares of the food distribution company’s stock worth $252,207,000 after purchasing an additional 36,031 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

About Performance Food Group

Performance Food Group Company (NYSE:PFGC) is a food and food-related products distributor serving businesses across the United States and Canada. The company supplies restaurants, foodservice operators, schools, healthcare facilities, hospitality businesses, vending and entertainment venues, and convenience stores.

Performance Food Group operates through three primary businesses: Foodservice, Vistar and Convenience. Its offerings include fresh and frozen foods, dry groceries, beverages, ingredients, disposable supplies, and specialty products such as candy, snacks and theater concessions.