Performance Food Group (NYSE:PFGC) Receives $94.27 Consensus Target Price from Analysts

Shares of Performance Food Group (NYSE:PFGC) have received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $94.27.

Several equities analysts have weighed in on PFGC shares. Jefferies Financial Group raised their price target on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. StockNews.com cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Barclays increased their price objective on Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $92.00 price target on shares of Performance Food Group in a research report on Monday, October 28th.

Performance Food Group Stock Down 0.2 %

PFGC opened at $87.91 on Monday. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $89.73. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. The stock has a market cap of $13.70 billion, a price-to-earnings ratio of 32.44, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The firm’s fifty day moving average is $82.09 and its 200 day moving average is $73.69.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The business had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.22 billion. During the same period in the prior year, the firm posted $1.15 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, sell-side analysts forecast that Performance Food Group will post 4.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Patrick T. Hagerty sold 8,000 shares of Performance Food Group stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the sale, the insider now directly owns 162,987 shares of the company’s stock, valued at $12,152,310.72. The trade was a 4.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.80% of the stock is owned by corporate insiders.

Institutional Trading of Performance Food Group

Several large investors have recently bought and sold shares of PFGC. CIBC Asset Management Inc increased its stake in Performance Food Group by 3.2% during the third quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock worth $354,000 after acquiring an additional 139 shares during the last quarter. Creative Planning raised its holdings in shares of Performance Food Group by 1.2% in the 3rd quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock valued at $916,000 after buying an additional 140 shares during the period. Coldstream Capital Management Inc. grew its position in Performance Food Group by 3.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock valued at $329,000 after acquiring an additional 142 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Performance Food Group by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company’s stock worth $469,000 after purchasing an additional 160 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Performance Food Group by 0.4% in the second quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company’s stock valued at $3,044,000 after purchasing an additional 186 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

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.