Barclays Issues Positive Forecast for Performance Food Group (NYSE:PFGC) Stock Price

Performance Food Group (NYSE:PFGC) had its price target increased by stock analysts at Barclays from $118.00 to $120.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the food distribution company’s stock. Barclays‘s target price indicates a potential upside of 27.01% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Guggenheim reaffirmed a “buy” rating and set a $115.00 target price on shares of Performance Food Group in a research note on Tuesday, August 26th. Morgan Stanley upped their target price on shares of Performance Food Group from $93.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Wall Street Zen downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Wells Fargo & Company upped their target price on shares of Performance Food Group from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Finally, Piper Sandler raised shares of Performance Food Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $90.00 to $114.00 in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.64.

Performance Food Group Trading Down 1.1%

Shares of PFGC stock traded down $1.02 during trading hours on Thursday, hitting $94.48. The company had a trading volume of 31,833 shares, compared to its average volume of 1,328,061. The company’s fifty day moving average is $102.34 and its 200 day moving average is $94.77. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.58 and a quick ratio of 0.72. Performance Food Group has a fifty-two week low of $68.39 and a fifty-two week high of $109.05. The stock has a market capitalization of $14.82 billion, a PE ratio of 43.53, a price-to-earnings-growth ratio of 1.11 and a beta of 1.08.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, November 5th. The food distribution company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.16 by $0.02. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The firm had revenue of $17.08 billion for the quarter, compared to analyst estimates of $16.87 billion. During the same period in the prior year, the business posted $1.16 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Performance Food Group has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Research analysts expect that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

Insider Activity at Performance Food Group

In other news, insider A Brent King sold 9,136 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $100.51, for a total value of $918,259.36. Following the completion of the transaction, the insider owned 66,540 shares in the company, valued at approximately $6,687,935.40. This represents a 12.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Donald S. Bulmer sold 4,348 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total transaction of $437,060.96. Following the completion of the transaction, the insider owned 58,526 shares of the company’s stock, valued at approximately $5,883,033.52. The trade was a 6.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 42,768 shares of company stock worth $4,373,921. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PFGC. Moody Lynn & Lieberson LLC purchased a new position in shares of Performance Food Group during the 2nd quarter worth approximately $1,390,000. Triasima Portfolio Management inc. purchased a new stake in shares of Performance Food Group in the second quarter valued at approximately $248,000. Dimensional Fund Advisors LP grew its holdings in Performance Food Group by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,221,430 shares of the food distribution company’s stock worth $174,647,000 after acquiring an additional 137,998 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in Performance Food Group by 2.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 536,626 shares of the food distribution company’s stock worth $46,939,000 after acquiring an additional 12,480 shares in the last quarter. Finally, CX Institutional lifted its holdings in Performance Food Group by 16.0% in the second quarter. CX Institutional now owns 22,203 shares of the food distribution company’s stock valued at $1,942,000 after acquiring an additional 3,066 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

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.