Performance Food Group (NYSE:PFGC) Receives $94.27 Consensus Price Target from Brokerages

Performance Food Group (NYSE:PFGC) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $94.27.

A number of research firms have weighed in on PFGC. BMO Capital Markets raised their price target on Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company boosted their target price on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Piper Sandler boosted their price objective on shares of Performance Food Group from $79.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, UBS Group raised their target price on shares of Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $88.24 on Monday. The firm has a market cap of $13.75 billion, a PE ratio of 32.56, a P/E/G ratio of 0.95 and a beta of 1.44. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $89.73. The company’s fifty day simple moving average is $82.53 and its 200-day simple moving average is $73.96. 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 (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.06). The business had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $1.15 earnings per share. Equities research analysts expect that Performance Food Group will post 4.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Performance Food Group

Institutional investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC lifted its holdings in shares of Performance Food Group by 21.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 8,625 shares of the food distribution company’s stock worth $644,000 after buying an additional 1,551 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Performance Food Group by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,054,625 shares of the food distribution company’s stock valued at $78,718,000 after purchasing an additional 16,580 shares during the period. Dynasty Wealth Management LLC acquired a new position in shares of Performance Food Group during the 1st quarter worth approximately $722,000. Tidal Investments LLC grew its position in shares of Performance Food Group by 15.3% during the 1st quarter. Tidal Investments LLC now owns 7,851 shares of the food distribution company’s stock worth $586,000 after purchasing an additional 1,042 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Performance Food Group in the first quarter valued at approximately $354,000. Institutional investors own 96.87% of the company’s stock.

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.