Performance Food Group (NYSE:PFGC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Performance Food Group (NYSE:PFGC) has received a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $94.33.

Several research analysts recently commented on PFGC shares. Guggenheim raised their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company raised their price target on Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. BMO Capital Markets boosted their price objective on Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Melius Research upgraded Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Finally, Barclays upped their price target on Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd.

Performance Food Group Stock Performance

NYSE:PFGC opened at $87.76 on Tuesday. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73. The business has a fifty day simple moving average of $86.37 and a two-hundred day simple moving average of $78.27. The company has a market capitalization of $13.67 billion, a P/E ratio of 32.38, a P/E/G ratio of 0.91 and a beta of 1.43.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The firm had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.15 earnings per share. On average, analysts expect that Performance Food Group will post 4.74 earnings per share for the current year.

Insider Activity at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the sale, the insider now directly owns 192,868 shares in the company, valued at $17,026,387.04. The trade was a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC bought a new position in shares of Performance Food Group during the fourth quarter valued at $814,000. UMB Bank n.a. lifted its position in Performance Food Group by 69.1% during the fourth quarter. UMB Bank n.a. now owns 766 shares of the food distribution company’s stock valued at $65,000 after purchasing an additional 313 shares in the last quarter. Artemis Investment Management LLP grew its stake in shares of Performance Food Group by 121.5% during the 4th quarter. Artemis Investment Management LLP now owns 290,478 shares of the food distribution company’s stock valued at $24,560,000 after acquiring an additional 159,325 shares during the period. Park Avenue Securities LLC boosted its position in shares of Performance Food Group by 20.1% in the fourth quarter. Park Avenue Securities LLC now owns 10,537 shares of the food distribution company’s stock worth $891,000 after purchasing an additional 1,763 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Performance Food Group by 134.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock worth $54,665,000 after buying an additional 371,078 shares in the last quarter. 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.