Performance Food Group (NYSE:PFGC) Given New $102.00 Price Target at UBS Group

Performance Food Group (NYSE:PFGC) had its price objective upped by UBS Group from $98.00 to $102.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the food distribution company’s stock. UBS Group’s price target suggests a potential upside of 17.57% from the stock’s previous close.

A number of other equities analysts have also issued reports on PFGC. Morgan Stanley reissued an “equal weight” rating and set a $92.00 price target on shares of Performance Food Group in a report on Monday, October 28th. Wells Fargo & Company lifted their target price on Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. BMO Capital Markets increased their price target on Performance Food Group from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, August 15th. StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group boosted their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Performance Food Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.11.

Performance Food Group Trading Down 1.0 %

Shares of PFGC traded down $0.86 during midday trading on Thursday, hitting $86.76. 205,865 shares of the stock were exchanged, compared to its average volume of 1,021,860. Performance Food Group has a 52-week low of $59.35 and a 52-week high of $89.00. The stock has a fifty day simple moving average of $78.39 and a 200 day simple moving average of $71.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 1.64. The firm has a market cap of $13.52 billion, a P/E ratio of 30.92, a P/E/G ratio of 0.81 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.05). Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. The company had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.22 billion. During the same quarter in the prior year, the company earned $1.15 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, research analysts anticipate that Performance Food Group will post 4.87 EPS for the current fiscal year.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider George L. Holm sold 63,500 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the completion of the transaction, the insider now directly owns 531,556 shares in the company, valued at approximately $39,085,312.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Performance Food Group news, Director Kimberly Grant sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $73.61, for a total transaction of $294,440.00. Following the sale, the director now directly owns 10,184 shares of the company’s stock, valued at $749,644.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider George L. Holm sold 63,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the completion of the transaction, the insider now directly owns 531,556 shares of the company’s stock, valued at approximately $39,085,312.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,500 shares of company stock valued at $7,426,075 in the last quarter. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PFGC. Capital World Investors grew its position in shares of Performance Food Group by 0.5% in the first quarter. Capital World Investors now owns 21,527,096 shares of the food distribution company’s stock valued at $1,606,782,000 after purchasing an additional 100,244 shares during the period. Eminence Capital LP grew its holdings in Performance Food Group by 7.4% in the 2nd quarter. Eminence Capital LP now owns 2,398,614 shares of the food distribution company’s stock valued at $158,572,000 after buying an additional 164,472 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Performance Food Group by 27.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock valued at $142,170,000 after acquiring an additional 469,500 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Performance Food Group by 27.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,710,679 shares of the food distribution company’s stock worth $113,093,000 after acquiring an additional 372,218 shares during the period. Finally, Primecap Management Co. CA boosted its position in shares of Performance Food Group by 223.4% in the second quarter. Primecap Management Co. CA now owns 1,625,280 shares of the food distribution company’s stock worth $107,447,000 after acquiring an additional 1,122,676 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Company Profile

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.