Performance Food Group (NYSE:PFGC) Receives Average Rating of “Moderate Buy” from Analysts

Performance Food Group (NYSE:PFGC) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $80.57.

Several equities analysts recently issued reports on PFGC shares. Barclays cut their price objective on shares of Performance Food Group from $86.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. Finally, Morgan Stanley lowered their target price on shares of Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th.

Performance Food Group Stock Performance

Shares of NYSE:PFGC opened at $66.33 on Tuesday. The firm has a market cap of $10.32 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 0.83 and a beta of 1.42. The firm’s 50 day simple moving average is $67.16 and its 200-day simple moving average is $70.68. Performance Food Group has a one year low of $52.92 and a one year high of $78.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 1.64.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, May 8th. The food distribution company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). The company had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $14.10 billion. Performance Food Group had a return on equity of 16.22% and a net margin of 0.72%. The business’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $0.83 earnings per share. As a group, equities analysts predict that Performance Food Group will post 4.2 EPS for the current year.

Institutional Investors Weigh In On Performance Food Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Performance Food Group during the fourth quarter worth $29,000. GAMMA Investing LLC acquired a new position in Performance Food Group during the fourth quarter valued at $29,000. Rise Advisors LLC acquired a new position in Performance Food Group during the first quarter valued at $29,000. Innealta Capital LLC acquired a new position in Performance Food Group during the second quarter valued at $30,000. Finally, Signaturefd LLC lifted its position in Performance Food Group by 38.8% during the fourth quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock valued at $35,000 after purchasing an additional 143 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

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.