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

Performance Food Group Company (NYSE:PFGC) has been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $126.40.

A number of equities research analysts recently commented on PFGC shares. Weiss Ratings lowered shares of Performance Food Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $133.00 price objective on shares of Performance Food Group in a research note on Thursday, August 13th. Wells Fargo & Company boosted their price target on Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Morgan Stanley upped their price target on 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, BMO Capital Markets reiterated an “outperform” rating on shares of Performance Food Group in a report on Thursday, August 13th.

Insiders Place Their Bets

In related news, insider Hugh Hatcher sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $99.18, for a total value of $297,540.00. Following the completion of the sale, the insider owned 58,167 shares of the company’s stock, valued at $5,769,003.06. This trade represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider A. King sold 8,023 shares of Performance Food Group stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $104.21, for a total transaction of $836,076.83. Following the completion of the sale, the insider owned 47,800 shares in the company, valued at approximately $4,981,238. This trade represents a 14.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 43,049 shares of company stock worth $4,510,505 in the last ninety days. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Performance Food Group

Large investors have recently modified their holdings of the stock. Cedar Mountain Advisors LLC bought a new position in Performance Food Group in the first quarter worth about $28,000. Asset Planning Inc bought a new stake in Performance Food Group during the 1st quarter valued at approximately $35,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Performance Food Group during the 2nd quarter valued at approximately $51,000. Lloyd Advisory Services LLC. purchased a new position in shares of Performance Food Group during the 4th quarter worth approximately $43,000. Finally, Transamerica Financial Advisors LLC purchased a new position in shares of Performance Food Group during the 2nd quarter worth approximately $54,000. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Down 0.3%

PFGC opened at $94.07 on Friday. The company has a market cap of $14.82 billion, a P/E ratio of 41.08, a P/E/G ratio of 1.20 and a beta of 0.88. The business’s 50-day moving average price is $107.66 and its 200-day moving average price is $98.70. 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 12 month low of $80.82 and a 12 month high of $117.47.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $18.03 billion for the quarter, compared to analysts’ expectations of $18.11 billion. During the same quarter in the prior year, the company earned $0.84 earnings per share. The company’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts expect that Performance Food Group will post 5.6 EPS for the current year.

Performance Food Group Company Profile

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.