Performance Food Group Company (NYSE:PFGC – Get Free Report) has received an average rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and ten 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 $119.00.
A number of equities research analysts have recently commented on the stock. Zacks Research raised shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. UBS Group reduced their target price on shares of Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Performance Food Group in a report on Thursday, February 5th. Barclays upped their target price on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Citigroup upped their target price on shares of Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 7th.
Insider Activity
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in Performance Food Group by 30.3% during the first quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock worth $62,266,000 after buying an additional 184,066 shares during the period. Empowered Funds LLC acquired a new position in Performance Food Group during the first quarter worth about $359,000. EverSource Wealth Advisors LLC grew its position in Performance Food Group by 440.2% during the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock worth $58,000 after buying an additional 537 shares during the period. Marshall Wace LLP acquired a new position in Performance Food Group during the second quarter worth about $230,000. Finally, Qube Research & Technologies Ltd grew its position in Performance Food Group by 499.5% during the second quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company’s stock worth $28,764,000 after buying an additional 273,997 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.
Performance Food Group Price Performance
Shares of NYSE:PFGC opened at $93.94 on Friday. The company has a 50-day simple moving average of $91.01 and a 200-day simple moving average of $92.07. Performance Food Group has a one year low of $80.82 and a one year high of $109.05. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. The stock has a market capitalization of $14.76 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 1.51 and a beta of 0.93.
Performance Food Group (NYSE:PFGC – Get Free Report) last announced its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The business had revenue of $16.29 billion during the quarter, compared to analysts’ expectations of $16.17 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that Performance Food Group will post 4.57 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.
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