Performance Food Group (NYSE:PFGC – Get Rating) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eleven 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 $72.36.
PFGC has been the subject of a number of research analyst reports. Stephens reaffirmed an “overweight” rating and issued a $68.00 target price on shares of Performance Food Group in a report on Friday, February 24th. Morgan Stanley upped their target price on Performance Food Group from $67.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, January 18th. TheStreet raised Performance Food Group from a “c+” rating to a “b” rating in a report on Monday, March 20th. Wells Fargo & Company upped their target price on Performance Food Group from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, January 4th. Finally, Truist Financial upped their target price on Performance Food Group from $72.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, January 12th.
Performance Food Group Stock Performance
Shares of PFGC opened at $62.69 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.73 and a current ratio of 1.71. The stock has a market capitalization of $9.79 billion, a P/E ratio of 36.45 and a beta of 1.36. The company’s fifty day moving average is $58.61 and its two-hundred day moving average is $57.61. Performance Food Group has a 1 year low of $38.23 and a 1 year high of $63.13.
Performance Food Group (NYSE:PFGC – Get Rating) last announced its quarterly earnings data on Wednesday, February 8th. The food distribution company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. Performance Food Group had a return on equity of 16.15% and a net margin of 0.47%. The company had revenue of $13.90 billion for the quarter, compared to analyst estimates of $13.89 billion. During the same quarter in the previous year, the company earned $0.57 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, sell-side analysts predict that Performance Food Group will post 3.78 earnings per share for the current year.
Insider Buying and Selling at Performance Food Group
In other Performance Food Group news, insider Patrick T. Hagerty sold 500 shares of the business’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $61.26, for a total transaction of $30,630.00. Following the completion of the sale, the insider now owns 154,290 shares of the company’s stock, valued at $9,451,805.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Performance Food Group news, insider Patrick T. Hagerty sold 500 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $61.26, for a total value of $30,630.00. Following the transaction, the insider now directly owns 154,290 shares of the company’s stock, valued at $9,451,805.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald S. Bulmer sold 970 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $59.81, for a total value of $58,015.70. Following the completion of the transaction, the insider now directly owns 33,196 shares in the company, valued at $1,985,452.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,970 shares of company stock valued at $116,801. Company insiders own 2.80% of the company’s stock.
Hedge Funds Weigh In On Performance Food Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFGC. American Century Companies Inc. increased its position 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 purchasing an additional 3,064 shares during the last quarter. US Bancorp DE increased its position in shares of Performance Food Group by 8.1% in the 1st quarter. US Bancorp DE now owns 4,602 shares of the food distribution company’s stock worth $234,000 after purchasing an additional 343 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Performance Food Group in the 1st quarter worth about $71,000. PNC Financial Services Group Inc. grew its position in shares of Performance Food Group by 33.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,458 shares of the food distribution company’s stock worth $737,000 after acquiring an additional 3,588 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its position in shares of Performance Food Group by 8.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 86,254 shares of the food distribution company’s stock worth $4,516,000 after acquiring an additional 6,905 shares in the last quarter. 97.35% of the stock is owned by hedge funds and other institutional investors.
Performance Food Group Company Profile
Performance Food Group Co engages in the market and distribution of food products. It operates through the following segments: Foodservice, Vistar, & Convenience. The Foodservices segment delivers food and food-related products to independent restaurants, chain restaurants, and other institutional food-away-from-home locations.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Performance Food Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Performance Food Group wasn’t on the list.
While Performance Food Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: marketbeat.com
