Performance Food Group (NYSE:PFGC) Price Target Increased to $74.00 by Analysts at Barclays

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

In other Performance Food Group news, insider Patrick T. Hagerty sold 500 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $52.35, for a total value of $26,175.00. Following the transaction, the insider now owns 155,790 shares of the company’s stock, valued at $8,155,606.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Patrick T. Hagerty sold 500 shares of Performance Food Group stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $52.35, for a total value of $26,175.00. Following the completion of the sale, the insider now owns 155,790 shares in the company, valued at approximately $8,155,606.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimberly Grant sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $59.46, for a total value of $178,380.00. Following the transaction, the director now owns 11,416 shares in the company, valued at $678,795.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,710 shares of company stock valued at $515,552. 2.80% of the stock is currently owned by insiders.

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

(Get Rating)

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.