Performance Food Group (NYSE:PFGC) Stock Breaks Above Two Hundred Day Moving Average – Time to Sell?

Performance Food Group Company (NYSE:PFGC)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $97.52 and traded as high as $112.21. Performance Food Group shares last traded at $109.4640, with a volume of 6,350,686 shares traded.

Key Performance Food Group News

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: Fiscal first-quarter adjusted EPS was $1.32, above analysts’ $1.27 estimate and up from $0.60 a year earlier. Net income rose 38%, with growth in independent-customer cases cited as a contributor. Performance Food Group Q1 2027: Net Income Up 38% on Independent Case Surge
• Positive Sentiment: Management expects second-quarter sales to rise and maintained its fiscal 2027 outlook, supporting expectations for continued growth. Performance Food Group Q1 Results Improve, Expects Q2 Sales To Rise; Backs Annual Outlook
• Positive Sentiment: TD Cowen raised its price target from $110 to $125 and reiterated a Buy rating, signaling greater analyst confidence in the shares. TD Cowen stock recommendations
• Neutral Sentiment: Revenue totaled $18.02 billion, matching consensus estimates, while increasing 5.5% year over year. Performance Food Group Fiscal Q1 Adjusted Earnings, Net Sales Rise

Analysts Set New Price Targets

Several equities research analysts have commented on the company. UBS Group cut their target price on Performance Food Group from $132.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Morgan Stanley boosted their price objective on shares of Performance Food Group from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. BMO Capital Markets restated an “outperform” rating on shares of Performance Food Group in a report on Thursday, August 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Finally, Weiss Ratings lowered shares of Performance Food Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 9th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Performance Food Group presently has an average rating of “Moderate Buy” and a consensus price target of $127.67.

Performance Food Group Stock Up 13.4%

The firm has a market capitalization of $17.24 billion, a P/E ratio of 47.80, a PEG ratio of 1.24 and a beta of 0.91. The firm’s 50 day moving average is $95.58 and its two-hundred day moving average is $97.52. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, November 4th. The food distribution company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.05. Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The firm had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $18.02 billion. During the same quarter last year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts predict that Performance Food Group Company will post 5.58 EPS for the current year.

Insider Buying and Selling

In related news, insider A. King sold 1,320 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total value of $138,982.80. Following the completion of the sale, the insider directly owned 44,216 shares in the company, valued at approximately $4,655,502.64. This trade represents a 2.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Hugh Hatcher sold 3,000 shares of Performance Food Group stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $99.18, for a total value of $297,540.00. Following the transaction, the insider owned 58,167 shares of the company’s stock, valued at $5,769,003.06. The trade was a 4.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 41,459 shares of company stock worth $4,317,917 in the last 90 days. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PFGC. Lido Advisors LLC grew its stake in shares of Performance Food Group by 74.9% in the third quarter. Lido Advisors LLC now owns 8,327 shares of the food distribution company’s stock valued at $762,000 after acquiring an additional 3,566 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in Performance Food Group by 2.2% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 5,473 shares of the food distribution company’s stock worth $501,000 after purchasing an additional 117 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in Performance Food Group in the 3rd quarter worth about $480,000. Brighton Jones LLC bought a new stake in Performance Food Group in the 3rd quarter valued at about $760,000. Finally, CenterBook Partners LP bought a new stake in Performance Food Group in the 3rd quarter valued at about $420,000. 96.87% of the stock is owned by institutional investors and hedge funds.

About Performance Food Group

Performance Food Group Co (NYSE:PFGC) is a food and foodservice distribution company serving restaurants, convenience stores, schools, health care facilities, hospitality businesses and other institutional customers. The company supplies a broad selection of fresh, frozen and dry food products, beverages, disposables, kitchen supplies and related equipment.

Performance Food Group operates through three primary business areas: Foodservice, which distributes products to independent and chain restaurants and institutional customers; Vistar, which supplies candy, snacks, beverages and other products to vending, theater, hospitality and specialty retail customers; and Convenience, which serves convenience stores and other retail locations with food, beverages, tobacco products and related merchandise.

The company traces its origins to 1987 and is headquartered in Richmond, Virginia.