Performance Food Group (NYSE:PFGC) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Performance Food Group (NYSE:PFGC) from a buy rating to a hold rating in a research report report published on Saturday morning.

A number of other equities analysts also recently commented on the stock. Barclays increased their price objective on shares of Performance Food Group from $112.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. UBS Group upped their target price on Performance Food Group from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Wells Fargo & Company raised their price target on Performance Food Group from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Performance Food Group in a research report on Saturday, September 27th. Finally, Truist Financial raised their target price on shares of Performance Food Group from $101.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $111.00.

Performance Food Group Price Performance

Shares of PFGC opened at $101.53 on Friday. The stock has a market capitalization of $15.89 billion, a P/E ratio of 46.79, a P/E/G ratio of 1.16 and a beta of 1.09. Performance Food Group has a twelve month low of $68.39 and a twelve month high of $109.05. The company has a 50 day moving average of $102.25 and a 200-day moving average of $91.13. The company has a quick ratio of 0.72, a current ratio of 1.58 and a debt-to-equity ratio of 1.51.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The business had revenue of $16.94 billion for the quarter, compared to analyst estimates of $16.85 billion. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities research analysts forecast that Performance Food Group will post 4.58 EPS for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Erika T. Davis sold 4,100 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $430,746.00. Following the sale, the insider directly owned 46,541 shares in the company, valued at $4,889,597.46. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider A Brent King sold 6,334 shares of Performance Food Group stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.10, for a total transaction of $665,703.40. Following the completion of the transaction, the insider directly owned 62,852 shares in the company, valued at $6,605,745.20. This trade represents a 9.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,968 shares of company stock valued at $5,944,596 in the last three months. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Performance Food Group

A number of institutional investors have recently added to or reduced their stakes in PFGC. Victory Capital Management Inc. grew its stake in shares of Performance Food Group by 59.3% during the first quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company’s stock worth $489,800,000 after buying an additional 2,318,763 shares during the last quarter. Norges Bank acquired a new stake in shares of Performance Food Group during the 2nd quarter valued at $163,954,000. JPMorgan Chase & Co. grew its position in Performance Food Group by 40.8% during the 1st quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company’s stock worth $407,922,000 after acquiring an additional 1,503,703 shares during the last quarter. Nuveen LLC acquired a new position in Performance Food Group in the 1st quarter worth about $69,456,000. Finally, Primecap Management Co. CA raised its position in Performance Food Group by 22.1% in the second quarter. Primecap Management Co. CA now owns 2,571,507 shares of the food distribution company’s stock valued at $224,930,000 after purchasing an additional 465,807 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

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.