Performance Food Group (NYSE:PFGC) Short Interest Update

Performance Food Group (NYSE:PFGC) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 3,800,000 shares, an increase of 27.5% from the March 15th total of 2,980,000 shares. Based on an average daily trading volume, of 1,270,000 shares, the short-interest ratio is presently 3.0 days. Currently, 2.5% of the company’s shares are sold short.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. StockNews.com cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Piper Sandler downgraded Performance Food Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. Finally, Barclays decreased their target price on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.73.

Performance Food Group Stock Down 1.3 %

Performance Food Group stock traded down $0.99 during mid-day trading on Monday, reaching $75.01. The company’s stock had a trading volume of 205,752 shares, compared to its average volume of 1,111,428. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The business’s 50 day simple moving average is $78.97 and its 200 day simple moving average is $83.24. The company has a market capitalization of $11.72 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16.

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 for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, research analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current year.

Institutional Investors Weigh In On Performance Food Group

A number of institutional investors and hedge funds have recently made changes to their positions in PFGC. Millstone Evans Group LLC bought a new stake in Performance Food Group during the fourth quarter worth $26,000. CENTRAL TRUST Co increased its stake in shares of Performance Food Group by 476.5% during the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company’s stock worth $39,000 after purchasing an additional 405 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Performance Food Group in the 4th quarter valued at about $42,000. Farther Finance Advisors LLC lifted its stake in Performance Food Group by 203.7% in the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company’s stock valued at $40,000 after purchasing an additional 334 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock valued at $42,000 after purchasing an additional 212 shares during the last quarter. 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.