Performance Food Group (NYSE:PFGC) Given Average Rating of “Buy” by Brokerages

Shares of Performance Food Group (NYSE:PFGCGet Rating) have earned a consensus recommendation of “Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $70.91.

PFGC has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on Performance Food Group from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 14th. StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a research report on Friday, November 11th. Wells Fargo & Company increased their target price on Performance Food Group from $66.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, January 4th. Barclays increased their target price on Performance Food Group from $68.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, January 5th. Finally, BMO Capital Markets increased their target price on Performance Food Group from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, November 10th.

Performance Food Group Stock Down 0.8 %

Shares of NYSE:PFGC opened at $58.53 on Friday. Performance Food Group has a 52-week low of $38.23 and a 52-week high of $62.00. The stock has a market cap of $9.11 billion, a P/E ratio of 44.68 and a beta of 1.36. The business’s 50 day moving average is $59.23 and its 200 day moving average is $52.68. The company has a quick ratio of 0.71, a current ratio of 1.64 and a debt-to-equity ratio of 1.19.

Performance Food Group (NYSE:PFGCGet Rating) last announced its quarterly earnings data on Wednesday, November 9th. The food distribution company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.29. Performance Food Group had a return on equity of 15.34% and a net margin of 0.37%. The company had revenue of $14.72 billion for the quarter, compared to analysts’ expectations of $14.42 billion. Sell-side analysts predict that Performance Food Group will post 3.84 EPS for the current year.

Insider Transactions at Performance Food Group

In related news, insider Christine R. Vlahcevic sold 4,210 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $59.65, for a total value of $251,126.50. Following the completion of the transaction, the insider now owns 15,930 shares in the company, valued at approximately $950,224.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Christine R. Vlahcevic sold 4,210 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $59.65, for a total value of $251,126.50. Following the completion of the transaction, the insider now owns 15,930 shares in the company, valued at approximately $950,224.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimberly Grant sold 3,000 shares of the firm’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 completion of the transaction, the director now owns 11,416 shares of the company’s stock, valued at approximately $678,795.36. The disclosure for this sale can be found here. Insiders sold 8,710 shares of company stock valued at $515,552 in the last quarter. 2.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Performance Food Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PFGC. Vanguard Group Inc. raised its stake in shares of Performance Food Group by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 15,062,328 shares of the food distribution company’s stock valued at $766,824,000 after buying an additional 155,981 shares during the last quarter. FMR LLC raised its stake in shares of Performance Food Group by 29.3% during the 2nd quarter. FMR LLC now owns 13,658,530 shares of the food distribution company’s stock valued at $628,020,000 after buying an additional 3,092,172 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Performance Food Group by 11.3% during the 1st quarter. Wellington Management Group LLP now owns 13,298,661 shares of the food distribution company’s stock valued at $677,034,000 after buying an additional 1,349,095 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Performance Food Group by 4.7% during the 1st quarter. Clearbridge Investments LLC now owns 5,481,192 shares of the food distribution company’s stock valued at $279,047,000 after buying an additional 248,404 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Performance Food Group by 4.8% during the 1st quarter. State Street Corp now owns 4,850,141 shares of the food distribution company’s stock valued at $246,921,000 after buying an additional 221,449 shares during the last quarter. Hedge funds and other institutional investors own 97.35% of the company’s stock.

Performance Food Group Company Profile

(Get Rating)

Performance Food Group Co engages in the market and distribution of food products. It operates through the following segments: Foodservice, Vistar, & Convenience. The Foodservices segment delivers food and food-related products to independent restaurants, chain restaurants, and other institutional food-away-from-home locations.

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