Performance Food Group Company (NYSE:PFGC – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $119.00.
PFGC has been the topic of a number of recent analyst reports. Zacks Research upgraded Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $123.00 price target on shares of Performance Food Group in a research report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a research report on Wednesday. Barclays increased their price target on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Citigroup raised their target price on Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 7th.
Read Our Latest Analysis on PFGC
Insider Transactions at Performance Food Group
Institutional Investors Weigh In On Performance Food Group
A number of large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its holdings in shares of Performance Food Group by 1.0% during the third quarter. PNC Financial Services Group Inc. now owns 10,897 shares of the food distribution company’s stock worth $1,134,000 after buying an additional 113 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Performance Food Group by 0.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,362 shares of the food distribution company’s stock worth $3,372,000 after buying an additional 121 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Performance Food Group by 3.8% during the first quarter. HB Wealth Management LLC now owns 3,328 shares of the food distribution company’s stock worth $285,000 after buying an additional 122 shares in the last quarter. Arax Advisory Partners grew its holdings in shares of Performance Food Group by 7.4% during the fourth quarter. Arax Advisory Partners now owns 2,043 shares of the food distribution company’s stock worth $184,000 after buying an additional 140 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Performance Food Group by 16.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the food distribution company’s stock worth $91,000 after buying an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.
Performance Food Group Stock Performance
Shares of PFGC stock opened at $110.45 on Tuesday. The company has a market capitalization of $17.35 billion, a P/E ratio of 52.59, a P/E/G ratio of 1.73 and a beta of 0.93. The business’s 50 day moving average is $96.53 and its two-hundred day moving average is $93.06. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40. Performance Food Group has a 12-month low of $80.82 and a 12-month high of $110.66.
Performance Food Group (NYSE:PFGC – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $16.29 billion for the quarter, compared to the consensus estimate of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.Performance Food Group’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.79 earnings per share. Analysts expect that Performance Food Group will post 4.57 EPS for the current fiscal year.
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.
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