Performance Food Group Company (NYSE:PFGC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Performance Food Group Company (NYSE:PFGC) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $119.00.

Several research firms have recently weighed in on PFGC. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $123.00 price objective on shares of Performance Food Group in a research report on Thursday, May 7th. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a research note on Thursday, February 5th. UBS Group reduced their target price on Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Zacks Research upgraded Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Barclays raised their target price on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th.

Performance Food Group Stock Performance

PFGC stock opened at $97.18 on Friday. The stock has a 50-day moving average price of $89.69 and a 200-day moving average price of $92.06. Performance Food Group has a 1-year low of $80.82 and a 1-year high of $109.05. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40. The firm has a market cap of $15.27 billion, a PE ratio of 46.28, a price-to-earnings-growth ratio of 1.51 and a beta of 0.92.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The firm had revenue of $16.29 billion during the quarter, compared to analyst estimates of $16.17 billion. During the same period last year, the company posted $0.79 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts expect that Performance Food Group will post 4.57 earnings per share for the current year.

Insider Activity

In other Performance Food Group news, Director Kimberly Grant sold 2,500 shares of Performance Food Group stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $95.00, for a total transaction of $237,500.00. Following the completion of the transaction, the director owned 11,935 shares in the company, valued at approximately $1,133,825. The trade was a 17.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Hugh Patrick Hatcher sold 3,000 shares of Performance Food Group stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $94.54, for a total value of $283,620.00. Following the transaction, the insider owned 44,655 shares of the company’s stock, valued at $4,221,683.70. This trade represents a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,250 shares of company stock worth $687,370 in the last three months. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Performance Food Group

Hedge funds have recently added to or reduced their stakes in the stock. Cedar Mountain Advisors LLC purchased a new position in shares of Performance Food Group in the 1st quarter worth approximately $28,000. Asset Planning Inc purchased a new position in shares of Performance Food Group in the 1st quarter worth approximately $35,000. Torren Management LLC purchased a new position in shares of Performance Food Group in the 4th quarter worth approximately $41,000. Lloyd Advisory Services LLC. purchased a new position in shares of Performance Food Group in the 4th quarter worth approximately $43,000. Finally, Clearstead Advisors LLC boosted its stake in shares of Performance Food Group by 132.9% in the 4th quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock worth $53,000 after buying an additional 335 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

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.