Analysts Set Performance Food Group Company (NYSE:PFGC) PT at $119.00

Shares of Performance Food Group Company (NYSE:PFGC) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $120.00.

A number of research analysts recently issued reports on PFGC shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $123.00 price objective on shares of Performance Food Group in a research report on Thursday, May 7th. Barclays lifted their target price on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Citigroup lifted their target price on Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Guggenheim lifted their target price on Performance Food Group from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Monday.

Insiders Place Their Bets

In other Performance Food Group news, Director Kimberly Grant sold 2,500 shares of Performance Food Group stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $95.00, for a total transaction of $237,500.00. Following the sale, the director owned 11,935 shares of the company’s stock, valued at $1,133,825. The trade was a 17.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Hugh Patrick Hatcher sold 3,000 shares of Performance Food Group stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $94.54, for a total value of $283,620.00. Following the sale, the insider directly owned 44,655 shares in the company, valued at $4,221,683.70. The trade was a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 30,187 shares of company stock worth $3,027,315 over the last 90 days. Insiders own 4.50% of the company’s stock.

Institutional Trading of Performance Food Group

A number of hedge funds and other institutional investors have recently modified their holdings of PFGC. PNC Financial Services Group Inc. lifted its position in shares of Performance Food Group by 1.0% in the third quarter. PNC Financial Services Group Inc. now owns 10,897 shares of the food distribution company’s stock worth $1,134,000 after buying an additional 113 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Performance Food Group by 0.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,362 shares of the food distribution company’s stock worth $3,372,000 after buying an additional 121 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Performance Food Group by 3.8% in the first quarter. HB Wealth Management LLC now owns 3,328 shares of the food distribution company’s stock worth $285,000 after buying an additional 122 shares during the last quarter. Arax Advisory Partners lifted its position in shares of Performance Food Group by 7.4% in the fourth quarter. Arax Advisory Partners now owns 2,043 shares of the food distribution company’s stock worth $184,000 after buying an additional 140 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Performance Food Group by 16.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the food distribution company’s stock worth $91,000 after buying an additional 143 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Trading Up 1.7%

NYSE:PFGC opened at $112.34 on Tuesday. Performance Food Group has a 12-month low of $80.82 and a 12-month high of $112.76. The firm has a market capitalization of $17.65 billion, a P/E ratio of 53.50, a P/E/G ratio of 1.73 and a beta of 0.93. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.68. The business has a 50 day simple moving average of $97.00 and a 200 day simple moving average of $93.19.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The business had revenue of $16.29 billion during the quarter, compared to analyst estimates of $16.17 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities research analysts predict that Performance Food Group will post 4.57 EPS for the current year.

Performance Food Group Company Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.