Brokerages Set Performance Food Group (NYSE:PFGC) Price Target at $95.55

Shares of Performance Food Group (NYSE:PFGC) have earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $95.55.

A number of research firms have recently commented on PFGC. Truist Financial cut their target price on Performance Food Group from $104.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Piper Sandler cut Performance Food Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Finally, Barclays lifted their price target on shares of Performance Food Group from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, May 8th.

Insider Buying and Selling at Performance Food Group

In other news, insider Craig Howard Hoskins sold 19,113 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $87.55, for a total transaction of $1,673,343.15. Following the transaction, the insider now owns 152,293 shares in the company, valued at $13,333,252.15. This represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by insiders.

Institutional Trading of Performance Food Group

Several large investors have recently bought and sold shares of the stock. Woodline Partners LP acquired a new position in Performance Food Group during the first quarter valued at $20,030,000. Empowered Funds LLC purchased a new stake in shares of Performance Food Group in the first quarter worth about $359,000. Coppell Advisory Solutions LLC grew its holdings in Performance Food Group by 10,786.7% during the first quarter. Coppell Advisory Solutions LLC now owns 9,036 shares of the food distribution company’s stock worth $711,000 after acquiring an additional 8,953 shares during the period. Aristeia Capital L.L.C. raised its position in Performance Food Group by 30.6% during the first quarter. Aristeia Capital L.L.C. now owns 5,070 shares of the food distribution company’s stock valued at $399,000 after acquiring an additional 1,189 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Performance Food Group by 30.3% during the first quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock valued at $62,266,000 after buying an additional 184,066 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Down 3.2%

Shares of NYSE PFGC opened at $84.67 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 0.96 and a beta of 1.13. The company’s 50-day simple moving average is $79.50 and its 200-day simple moving average is $83.50.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). The business had revenue of $15.31 billion for the quarter, compared to analyst estimates of $15.41 billion. Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. Performance Food Group’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. Equities analysts predict that Performance Food Group will post 4.58 EPS for the current fiscal year.

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.