Performance Food Group (NYSE:PFGC) Receives $81.25 Average PT from Analysts

Shares of Performance Food Group (NYSE:PFGC) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $81.25.

Several equities analysts have recently commented on PFGC shares. Morgan Stanley increased their price objective on Performance Food Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. Stephens increased their target price on Performance Food Group from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. BMO Capital Markets increased their target price on Performance Food Group from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Finally, Barclays increased their target price on Performance Food Group from $78.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, February 8th.

Institutional Investors Weigh In On Performance Food Group

Several institutional investors and hedge funds have recently bought and sold shares of PFGC. McGlone Suttner Wealth Management Inc. bought a new position in shares of Performance Food Group in the 4th quarter worth approximately $29,000. GAMMA Investing LLC bought a new position in shares of Performance Food Group in the 4th quarter worth approximately $29,000. Rise Advisors LLC bought a new position in shares of Performance Food Group in the 1st quarter worth approximately $29,000. Signaturefd LLC raised its position in shares of Performance Food Group by 38.8% in the 4th quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock worth $35,000 after acquiring an additional 143 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of Performance Food Group in the 1st quarter worth approximately $44,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Price Performance

Shares of Performance Food Group stock opened at $68.04 on Friday. The company has a current ratio of 1.71, a quick ratio of 0.75 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $10.59 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 0.99 and a beta of 1.38. The business’s 50-day moving average price is $74.10 and its 200-day moving average price is $67.87. Performance Food Group has a 12 month low of $52.92 and a 12 month high of $78.54.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, February 7th. The food distribution company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). The firm had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $14.20 billion. Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. Performance Food Group’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 earnings per share. Sell-side analysts forecast that Performance Food Group will post 4.26 EPS for the current fiscal year.

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.