Performance Food Group Company (NYSE:PFGC) Short Interest Update

Performance Food Group Company (NYSE:PFGC) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 4,511,297 shares, a drop of 20.9% from the December 15th total of 5,706,291 shares. Based on an average daily trading volume, of 1,226,231 shares, the short-interest ratio is currently 3.7 days. Currently, 3.0% of the shares of the company are short sold. Currently, 3.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,226,231 shares, the short-interest ratio is currently 3.7 days.

Analysts Set New Price Targets

A number of research firms recently weighed in on PFGC. Barclays dropped their price target on Performance Food Group from $120.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Piper Sandler decreased their price objective on shares of Performance Food Group from $116.00 to $111.00 and set an “overweight” rating on the stock in a report on Friday, December 12th. Guggenheim restated a “buy” rating on shares of Performance Food Group in a research note on Thursday, December 18th. Citigroup reduced their target price on shares of Performance Food Group from $134.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Finally, Wall Street Zen cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Performance Food Group has an average rating of “Moderate Buy” and an average price target of $115.22.

Performance Food Group Price Performance

Performance Food Group stock traded up $0.91 during mid-day trading on Friday, reaching $97.75. 1,339,914 shares of the company were exchanged, compared to its average volume of 1,611,419. The firm has a market cap of $15.33 billion, a PE ratio of 47.00, a PEG ratio of 1.19 and a beta of 0.93. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.67 and a quick ratio of 0.70. The company has a fifty day simple moving average of $93.13 and a 200-day simple moving average of $97.67. Performance Food Group has a 12 month low of $68.39 and a 12 month high of $109.05.

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

Institutional Trading of Performance Food Group

Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in Performance Food Group by 1.0% during 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 during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Performance Food Group by 51.3% during 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 in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Performance Food Group by 0.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 36,752 shares of the food distribution company’s stock worth $3,215,000 after buying an additional 125 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Performance Food Group by 1.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,124 shares of the food distribution company’s stock valued at $711,000 after buying an additional 131 shares in the last quarter. Finally, US Bancorp DE grew its position in Performance Food Group by 4.6% in the third quarter. US Bancorp DE now owns 3,283 shares of the food distribution company’s stock valued at $342,000 after acquiring an additional 144 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

About Performance Food Group

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.