Performance Food Group (NYSE:PFGC – Get Rating) has been given a consensus rating of “Buy” by the twelve research firms that are covering the stock, MarketBeat reports. Nine analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $68.40.
A number of equities analysts have recently issued reports on PFGC shares. TheStreet upgraded Performance Food Group from a “c+” rating to a “b” rating in a report on Wednesday, November 9th. Truist Financial upped their price objective on Performance Food Group from $67.00 to $72.00 in a report on Thursday, November 10th. Credit Suisse Group upped their price objective on Performance Food Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 10th. Stephens started coverage on Performance Food Group in a report on Thursday, September 22nd. They issued an “overweight” rating and a $60.00 price objective for the company. Finally, StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a report on Friday, November 11th.
Performance Food Group Price Performance
Shares of NYSE PFGC opened at $59.90 on Monday. The firm has a market capitalization of $9.32 billion, a P/E ratio of 45.73 and a beta of 1.38. The company has a quick ratio of 0.71, a current ratio of 1.64 and a debt-to-equity ratio of 1.19. The stock’s 50-day simple moving average is $56.03 and its two-hundred day simple moving average is $50.70. Performance Food Group has a twelve month low of $38.23 and a twelve month high of $62.00.
Insider Activity at Performance Food Group
In other Performance Food Group news, insider Patrick T. Hagerty sold 500 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $52.35, for a total value of $26,175.00. Following the completion of the sale, the insider now owns 155,790 shares in the company, valued at approximately $8,155,606.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Patrick T. Hagerty sold 500 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $52.35, for a total value of $26,175.00. Following the completion of the transaction, the insider now owns 155,790 shares of the company’s stock, valued at approximately $8,155,606.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kimberly Grant sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $59.46, for a total value of $178,380.00. Following the completion of the transaction, the director now directly owns 11,416 shares of the company’s stock, valued at approximately $678,795.36. The disclosure for this sale can be found here. Insiders sold 8,710 shares of company stock worth $507,977 in the last ninety days. 2.80% of the stock is owned by company insiders.
Hedge Funds Weigh In On Performance Food Group
A number of institutional investors and hedge funds have recently modified their holdings of PFGC. Advisor Group Holdings Inc. boosted its stake in shares of Performance Food Group by 21.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 10,532 shares of the food distribution company’s stock worth $529,000 after buying an additional 1,853 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Performance Food Group by 17.5% in the 1st quarter. Raymond James & Associates now owns 135,013 shares of the food distribution company’s stock worth $6,874,000 after buying an additional 20,136 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Performance Food Group by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,617,793 shares of the food distribution company’s stock worth $82,362,000 after buying an additional 53,480 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Performance Food Group by 11.8% in the 1st quarter. American Century Companies Inc. now owns 29,041 shares of the food distribution company’s stock worth $1,479,000 after buying an additional 3,064 shares during the last quarter. Finally, US Bancorp DE lifted its position in Performance Food Group by 8.1% during the first quarter. US Bancorp DE now owns 4,602 shares of the food distribution company’s stock valued at $234,000 after purchasing an additional 343 shares in the last quarter. 97.35% of the stock is currently owned by hedge funds and other institutional investors.
About Performance Food Group
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.
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