Brokerages Set Performance Food Group (NYSE:PFGC) PT at $94.27

Shares of Performance Food Group (NYSE:PFGC) have been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $94.27.

Several research firms recently weighed in on PFGC. Guggenheim raised their price objective on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. BMO Capital Markets lifted their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Morgan Stanley restated an “equal weight” rating and issued a $92.00 target price on shares of Performance Food Group in a research report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, August 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Atria Investments Inc increased its stake in shares of Performance Food Group by 79.3% in the first quarter. Atria Investments Inc now owns 29,208 shares of the food distribution company’s stock valued at $2,180,000 after buying an additional 12,919 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Performance Food Group during the 2nd quarter valued at approximately $6,843,000. Aigen Investment Management LP raised its holdings in Performance Food Group by 56.1% during the 3rd quarter. Aigen Investment Management LP now owns 16,974 shares of the food distribution company’s stock worth $1,330,000 after purchasing an additional 6,099 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Performance Food Group in the 3rd quarter worth approximately $3,032,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Performance Food Group by 27.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock valued at $142,170,000 after purchasing an additional 469,500 shares during the last quarter. 96.87% of the stock is owned by institutional investors.

Performance Food Group Trading Up 0.4 %

Shares of Performance Food Group stock opened at $88.24 on Monday. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $89.73. The company has a market capitalization of $13.75 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 0.95 and a beta of 1.44. The firm’s 50-day moving average price is $82.53 and its two-hundred day moving average price is $73.96.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The firm had revenue of $15.42 billion for the quarter, compared to analyst estimates of $15.22 billion. During the same quarter in the prior year, the business posted $1.15 EPS. The business’s revenue was up 3.2% on a year-over-year basis. On average, analysts forecast that Performance Food Group will post 4.73 earnings per share for the current fiscal year.

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.