Performance Food Group Company (NYSE:PFGC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Performance Food Group Company (NYSE:PFGC) has been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $119.00.

A number of analysts have issued reports on PFGC shares. Zacks Research raised shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Barclays boosted their price objective on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Citigroup boosted their price objective on shares of Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $123.00 price objective on shares of Performance Food Group in a report on Thursday, May 7th.

Performance Food Group Stock Performance

NYSE PFGC opened at $102.79 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $16.15 billion, a P/E ratio of 48.95, a P/E/G ratio of 1.62 and a beta of 0.93. Performance Food Group has a 12-month low of $80.82 and a 12-month high of $109.05. The firm has a 50-day moving average price of $95.08 and a two-hundred day moving average price of $92.65.

Performance Food Group (NYSE:PFGC) last posted 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. The firm had revenue of $16.29 billion during the quarter, compared to the consensus estimate of $16.17 billion. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 EPS. Analysts anticipate that Performance Food Group will post 4.57 earnings per share for the current year.

Insider Activity

In other news, insider A Brent King sold 6,111 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $105.00, for a total transaction of $641,655.00. Following the completion of the sale, the insider owned 44,260 shares of the company’s stock, valued at approximately $4,647,300. This represents a 12.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kimberly Grant sold 2,500 shares of the company’s stock in a transaction that occurred 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 directly owned 11,935 shares of the company’s stock, valued at approximately $1,133,825. This trade represents a 17.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 27,592 shares of company stock worth $2,741,865. Insiders own 4.50% of the company’s stock.

Institutional Trading of Performance Food Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Cedar Mountain Advisors LLC bought a new stake in shares of Performance Food Group during the 1st quarter worth approximately $28,000. Asset Planning Inc bought a new stake in shares of Performance Food Group during the 1st quarter worth approximately $35,000. Torren Management LLC bought a new stake in shares of Performance Food Group during the 4th quarter worth approximately $41,000. Lloyd Advisory Services LLC. bought a new stake in shares of Performance Food Group during the 4th quarter worth approximately $43,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of Performance Food Group by 132.9% during the 4th quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock worth $53,000 after acquiring an additional 335 shares during the period. Institutional investors own 96.87% of the company’s stock.

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.