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

Shares of Performance Food Group Company (NYSE:PFGC) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $118.2222.

Several equities research analysts have weighed in on PFGC shares. UBS Group reiterated a “buy” rating and issued a $120.00 price objective on shares of Performance Food Group in a report on Friday, December 19th. Morgan Stanley set a $123.00 price target on Performance Food Group in a research note on Tuesday, January 20th. Barclays reduced their price objective on shares of Performance Food Group from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a research report on Monday, December 29th. Finally, Sanford C. Bernstein began coverage on shares of Performance Food Group in a research report on Wednesday, October 22nd. They set an “outperform” rating and a $130.00 price target on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in 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 purchasing an additional 113 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Performance Food Group by 51.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock worth $32,000 after buying an additional 123 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Performance Food Group by 0.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 36,752 shares of the food distribution company’s stock worth $3,215,000 after acquiring an additional 125 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Performance Food Group by 1.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,124 shares of the food distribution company’s stock valued at $711,000 after acquiring an additional 131 shares during the period. Finally, US Bancorp DE boosted its stake in Performance Food Group by 4.6% during the third quarter. US Bancorp DE now owns 3,283 shares of the food distribution company’s stock worth $342,000 after acquiring an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Down 0.1%

Shares of NYSE PFGC opened at $97.37 on Friday. The firm’s fifty day moving average is $93.16 and its 200 day moving average is $98.00. Performance Food Group has a 52 week low of $68.39 and a 52 week high of $109.05. The company has a quick ratio of 0.70, a current ratio of 1.67 and a debt-to-equity ratio of 1.55. The company has a market cap of $15.27 billion, a price-to-earnings ratio of 46.81, a PEG ratio of 1.18 and a beta of 0.93.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. The business had revenue of $17.08 billion for the quarter, compared to analyst estimates of $16.87 billion. Performance Food Group had a net margin of 0.50% and a return on equity of 15.97%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. On average, equities research analysts expect that Performance Food Group will post 4.58 earnings per share 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.