Performance Food Group Company (NYSE:PFGC) Receives $114.60 Average PT from Analysts

by · The Markets Daily

Shares of Performance Food Group Company (NYSE:PFGC – Get Free Report) have received an average rating of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $114.60.

PFGC has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on Performance Food Group from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Piper Sandler upped their price objective on Performance Food Group from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Truist Financial raised their price objective on Performance Food Group from $101.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Wall Street Zen downgraded Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Guggenheim restated a “buy” rating and issued a $115.00 price target on shares of Performance Food Group in a research note on Tuesday, August 26th.

Check Out Our Latest Stock Report on Performance Food Group

Institutional Trading of Performance Food Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its stake in shares of Performance Food Group by 1.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,897 shares of the food distribution company’s stock valued at $1,134,000 after acquiring an additional 113 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Performance Food Group by 51.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock worth $32,000 after purchasing an additional 123 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Performance Food Group by 0.3% in the second quarter. Thrivent Financial for Lutherans now owns 36,752 shares of the food distribution company’s stock valued at $3,215,000 after purchasing an additional 125 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Performance Food Group by 1.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,124 shares of the food distribution company’s stock valued at $711,000 after purchasing an additional 131 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of Performance Food Group by 4.6% during the third quarter. US Bancorp DE now owns 3,283 shares of the food distribution company’s stock worth $342,000 after purchasing an additional 144 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Down 1.6%

PFGC stock opened at $91.51 on Friday. Performance Food Group has a 52 week low of $68.39 and a 52 week high of $109.05. The business has a 50-day simple moving average of $98.25 and a 200 day simple moving average of $96.73. The company has a quick ratio of 0.70, a current ratio of 1.67 and a debt-to-equity ratio of 1.55. The company has a market cap of $14.35 billion, a PE ratio of 43.99, a price-to-earnings-growth ratio of 1.11 and a beta of 0.94.

Performance Food Group (NYSE:PFGC – Get Free Report) last released its earnings results on Wednesday, November 5th. The food distribution company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.16 by $0.02. Performance Food Group had a net margin of 0.50% and a return on equity of 15.97%. The firm had revenue of $17.08 billion for the quarter, compared to analyst estimates of $16.87 billion. During the same period last year, the firm earned $1.16 EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Sell-side analysts anticipate that Performance Food Group will post 4.58 EPS for the current fiscal year.

Performance Food Group Company Profile

(Get Free Report)

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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