Performance Food Group (NYSE:PFGC) had its price target raised by Barclays from $44.00 to $47.00 in a research note released on Thursday, Stock Target Advisor reports. They currently have an equal weight rating on the food distribution company’s stock.

PFGC has been the topic of several other reports. Bank of America lifted their price objective on Performance Food Group from $45.00 to $52.00 and gave the company a buy rating in a research report on Wednesday, October 2nd. Guggenheim reaffirmed a buy rating and set a $50.00 price objective (up from $46.00) on shares of Performance Food Group in a research report on Thursday, August 15th. Zacks Investment Research raised Performance Food Group from a sell rating to a hold rating in a research report on Friday. Loop Capital lifted their price objective on Performance Food Group to $50.00 and gave the company a buy rating in a research report on Thursday, August 15th. Finally, Buckingham Research lifted their price objective on Performance Food Group from $53.00 to $58.00 and gave the company a buy rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Performance Food Group currently has a consensus rating of Buy and an average target price of $48.10.

NYSE:PFGC traded down $1.61 during mid-day trading on Thursday, reaching $44.14. 706,952 shares of the company’s stock traded hands, compared to its average volume of 630,763. Performance Food Group has a 12-month low of $30.07 and a 12-month high of $47.26. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 1.89 and a beta of 0.60. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.57 and a quick ratio of 0.77. The company has a 50 day moving average price of $44.07 and a 200-day moving average price of $42.74.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.15. Performance Food Group had a return on equity of 15.86% and a net margin of 0.84%. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same quarter in the previous year, the business earned $0.34 EPS. Performance Food Group’s revenue was up 37.5% compared to the same quarter last year. As a group, analysts forecast that Performance Food Group will post 1.98 EPS for the current year.

In other news, insider Craig Howard Hoskins sold 17,009 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $43.91, for a total value of $746,865.19. Following the sale, the insider now directly owns 123,802 shares of the company’s stock, valued at approximately $5,436,145.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Patrick T. Hagerty sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $46.57, for a total value of $325,990.00. Following the completion of the sale, the insider now directly owns 138,406 shares in the company, valued at $6,445,567.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,888 shares of company stock worth $1,429,538. Insiders own 3.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of PFGC. Quest Capital Management Inc. ADV bought a new stake in shares of Performance Food Group in the 3rd quarter worth approximately $39,000. Tower Research Capital LLC TRC purchased a new position in Performance Food Group in the 2nd quarter worth approximately $45,000. Meeder Asset Management Inc. purchased a new position in Performance Food Group in the 2nd quarter worth approximately $54,000. NEXT Financial Group Inc raised its holdings in Performance Food Group by 12.9% in the 2nd quarter. NEXT Financial Group Inc now owns 2,114 shares of the food distribution company’s stock worth $85,000 after acquiring an additional 242 shares during the last quarter. Finally, Convergence Investment Partners LLC purchased a new position in Performance Food Group in the 2nd quarter worth approximately $185,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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 in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.

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Analyst Recommendations for Performance Food Group (NYSE:PFGC)

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