Performance Food Group (NYSE:PFGC) Given New $102.00 Price Target at UBS Group

Performance Food Group (NYSE:PFGC) had its target price hoisted by UBS Group from $98.00 to $102.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the food distribution company’s stock.

A number of other research firms have also issued reports on PFGC. StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. BMO Capital Markets upped their target price on Performance Food Group from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, August 15th. Morgan Stanley reissued an “equal weight” rating and set a $92.00 price target on shares of Performance Food Group in a research note on Monday, October 28th. Jefferies Financial Group increased their price target on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company increased their price target on Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $94.50.

Performance Food Group Price Performance

Performance Food Group stock traded up $0.67 during mid-day trading on Thursday, reaching $86.00. The company had a trading volume of 646,398 shares, compared to its average volume of 1,025,203. The stock’s 50-day simple moving average is $78.39 and its 200-day simple moving average is $71.94. The company has a market capitalization of $13.40 billion, a P/E ratio of 30.60, a P/E/G ratio of 0.81 and a beta of 1.44. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.64 and a quick ratio of 0.76. Performance Food Group has a 1 year low of $59.35 and a 1 year high of $89.00.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.05). The firm had revenue of $15.42 billion during the quarter, compared to analyst estimates of $15.22 billion. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 EPS. On average, equities analysts predict that Performance Food Group will post 4.87 EPS for the current year.

Insider Activity

In other news, insider George L. Holm sold 63,500 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the completion of the sale, the insider now directly owns 531,556 shares in the company, valued at $39,085,312.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider George L. Holm sold 63,500 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the transaction, the insider now owns 531,556 shares of the company’s stock, valued at approximately $39,085,312.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kimberly Grant sold 4,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total transaction of $294,440.00. Following the transaction, the director now directly owns 10,184 shares in the company, valued at $749,644.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,500 shares of company stock worth $7,426,075 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Performance Food Group

A number of large investors have recently bought and sold shares of PFGC. Capital World Investors grew its stake in shares of Performance Food Group by 0.5% in the first quarter. Capital World Investors now owns 21,527,096 shares of the food distribution company’s stock worth $1,606,782,000 after purchasing an additional 100,244 shares in the last quarter. Eminence Capital LP lifted its stake in shares of Performance Food Group by 7.4% in the 2nd quarter. Eminence Capital LP now owns 2,398,614 shares of the food distribution company’s stock worth $158,572,000 after acquiring an additional 164,472 shares during the period. Dimensional Fund Advisors LP lifted 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 worth $142,170,000 after acquiring an additional 469,500 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Performance Food Group by 27.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,710,679 shares of the food distribution company’s stock worth $113,093,000 after acquiring an additional 372,218 shares during the period. Finally, Primecap Management Co. CA lifted its stake in shares of Performance Food Group by 223.4% in the 2nd quarter. Primecap Management Co. CA now owns 1,625,280 shares of the food distribution company’s stock worth $107,447,000 after acquiring an additional 1,122,676 shares during the period. Institutional investors own 96.87% of the company’s stock.

About Performance Food Group

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.