Performance Food Group (NYSE:PFGC) Receives $95.73 Average Target Price from Analysts

Performance Food Group (NYSE:PFGC) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $95.73.

Several analysts have issued reports on PFGC shares. Piper Sandler lowered shares of Performance Food Group from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. StockNews.com downgraded Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Barclays cut their price target on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Morgan Stanley raised their price objective on Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Finally, Melius Research upgraded Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th.

Performance Food Group Stock Performance

PFGC opened at $79.47 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The stock’s 50 day moving average price is $82.92 and its two-hundred day moving average price is $83.49. The firm has a market capitalization of $12.41 billion, a P/E ratio of 32.04, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. On average, equities analysts forecast that Performance Food Group will post 4.58 earnings per share for the current year.

Institutional Trading of Performance Food Group

Several large investors have recently added to or reduced their stakes in PFGC. JPMorgan Chase & Co. increased its position in Performance Food Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock valued at $298,794,000 after acquiring an additional 401,235 shares in the last quarter. State Street Corp increased its holdings in shares of Performance Food Group by 2.2% in the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock valued at $360,197,000 after purchasing an additional 97,069 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Performance Food Group in the third quarter valued at approximately $2,772,000. Assenagon Asset Management S.A. raised its position in Performance Food Group by 134.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock worth $54,665,000 after purchasing an additional 371,078 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Performance Food Group by 8.1% during the 4th quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company’s stock worth $141,003,000 after buying an additional 125,532 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

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.