Performance Food Group (NYSE:PFGC – Get Rating) had its target price increased by Barclays from $68.00 to $74.00 in a report published on Thursday, The Fly reports. Barclays currently has an overweight rating on the food distribution company’s stock.
PFGC has been the topic of a number of other research reports. TheStreet upgraded Performance Food Group from a c+ rating to a b rating in a report on Wednesday, November 9th. Stephens started coverage on shares of Performance Food Group in a research note on Thursday, September 22nd. They set an overweight rating and a $60.00 price objective for the company. Morgan Stanley increased their price objective on shares of Performance Food Group from $65.00 to $67.00 and gave the company an overweight rating in a report on Thursday, November 10th. Wells Fargo & Company boosted their target price on Performance Food Group from $66.00 to $72.00 and gave the stock an overweight rating in a report on Wednesday. Finally, Truist Financial increased their price target on Performance Food Group from $67.00 to $72.00 in a report on Thursday, November 10th. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of Buy and a consensus price target of $69.27.
Performance Food Group Stock Performance
NYSE PFGC opened at $56.71 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.64 and a quick ratio of 0.71. The stock’s 50 day simple moving average is $57.90 and its 200-day simple moving average is $51.68. The company has a market cap of $8.83 billion, a PE ratio of 43.29 and a beta of 1.36. Performance Food Group has a 1-year low of $38.23 and a 1-year high of $62.00.
Insider Buying and Selling
Hedge Funds Weigh In On Performance Food Group
A number of hedge funds and other institutional investors have recently bought and sold shares of PFGC. Penn Capital Management Company LLC increased its stake in Performance Food Group by 9.9% during the third quarter. Penn Capital Management Company LLC now owns 336,405 shares of the food distribution company’s stock worth $14,493,000 after purchasing an additional 30,352 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Performance Food Group by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 1,523,351 shares of the food distribution company’s stock valued at $65,430,000 after purchasing an additional 14,936 shares in the last quarter. Toroso Investments LLC increased its stake in Performance Food Group by 5.1% during the 3rd quarter. Toroso Investments LLC now owns 5,276 shares of the food distribution company’s stock worth $227,000 after buying an additional 254 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new stake in Performance Food Group during the 3rd quarter worth approximately $2,437,000. Finally, Glenmede Trust Co. NA boosted its position in Performance Food Group by 0.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 256,679 shares of the food distribution company’s stock valued at $11,023,000 after buying an additional 2,123 shares during the period. 97.35% of the stock is currently owned by hedge funds and other institutional investors.
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.
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