Performance Food Group (NYSE:PFGC) Stock Breaks Above Two Hundred Day Moving Average – Time to Sell?

Performance Food Group Company (NYSE:PFGC)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $97.52 and traded as high as $112.21. Performance Food Group shares last traded at $109.4640, with a volume of 6,350,686 shares.

Key Performance Food Group News

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: Fiscal first-quarter adjusted EPS was $1.32, above analysts’ $1.27 estimate and up from $0.60 a year earlier. Net income rose 38%, with growth in independent-customer cases cited as a contributor. Performance Food Group Q1 2027: Net Income Up 38% on Independent Case Surge
• Positive Sentiment: Management expects second-quarter sales to rise and maintained its fiscal 2027 outlook, supporting expectations for continued growth. Performance Food Group Q1 Results Improve, Expects Q2 Sales To Rise; Backs Annual Outlook
• Positive Sentiment: TD Cowen raised its price target from $110 to $125 and reiterated a Buy rating, signaling greater analyst confidence in the shares. TD Cowen stock recommendations
• Neutral Sentiment: Revenue totaled $18.02 billion, matching consensus estimates, while increasing 5.5% year over year. Performance Food Group Fiscal Q1 Adjusted Earnings, Net Sales Rise

Analyst Ratings Changes

PFGC has been the subject of a number of recent analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $133.00 target price on shares of Performance Food Group in a research report on Thursday, August 13th. Morgan Stanley increased their price target on shares of Performance Food Group from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Finally, UBS Group decreased their price objective on shares of Performance Food Group from $132.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $127.67.

Performance Food Group Stock Up 13.4%

The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $17.24 billion, a P/E ratio of 47.80, a PEG ratio of 1.24 and a beta of 0.91. The stock has a 50 day moving average price of $95.58 and a 200 day moving average price of $97.52.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, November 4th. The food distribution company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The business had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $18.02 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS. On average, research analysts anticipate that Performance Food Group Company will post 5.58 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Donald S. Bulmer sold 1,353 shares of Performance Food Group stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $105.29, for a total value of $142,457.37. Following the transaction, the insider directly owned 52,938 shares of the company’s stock, valued at $5,573,842.02. The trade was a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chasity D. Grosh sold 1,005 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $92.40, for a total transaction of $92,862.00. Following the sale, the insider owned 5,783 shares of the company’s stock, valued at approximately $534,349.20. This trade represents a 14.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 41,459 shares of company stock worth $4,317,917. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Performance Food Group

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Performance Food Group in the 2nd quarter valued at about $1,576,983,000. Corient Private Wealth LP acquired a new position in Performance Food Group during the 2nd quarter worth approximately $3,533,000. Engineers Gate Manager LP boosted its holdings in Performance Food Group by 77.2% in the second quarter. Engineers Gate Manager LP now owns 384,143 shares of the food distribution company’s stock worth $42,943,000 after acquiring an additional 167,361 shares in the last quarter. WINTON GROUP Ltd bought a new position in Performance Food Group in the second quarter worth approximately $7,460,000. Finally, Assenagon Asset Management S.A. grew its stake in Performance Food Group by 241.7% in the third quarter. Assenagon Asset Management S.A. now owns 481,018 shares of the food distribution company’s stock valued at $44,018,000 after acquiring an additional 340,227 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 Co (NYSE:PFGC) is a food and foodservice distribution company serving restaurants, convenience stores, schools, health care facilities, hospitality businesses and other institutional customers. The company supplies a broad selection of fresh, frozen and dry food products, beverages, disposables, kitchen supplies and related equipment.

Performance Food Group operates through three primary business areas: Foodservice, which distributes products to independent and chain restaurants and institutional customers; Vistar, which supplies candy, snacks, beverages and other products to vending, theater, hospitality and specialty retail customers; and Convenience, which serves convenience stores and other retail locations with food, beverages, tobacco products and related merchandise.

The company traces its origins to 1987 and is headquartered in Richmond, Virginia.