Performance Food Group (NYSE:PFGC) Given New $133.00 Price Target at UBS Group

Performance Food Group (NYSE:PFGC) had its price target raised by UBS Group from $130.00 to $133.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the food distribution company’s stock. UBS Group‘s target price suggests a potential upside of 20.90% from the company’s current price.

Several other analysts have also issued reports on PFGC. TD Cowen boosted their price target on shares of Performance Food Group from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday. Sanford C. Bernstein lifted their price objective on shares of Performance Food Group from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley lifted their price objective on shares of Performance Food Group from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. Citigroup boosted their target price on shares of Performance Food Group from $143.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.70.

Performance Food Group Stock Performance

PFGC traded up $0.44 during trading hours on Thursday, hitting $110.01. The stock had a trading volume of 3,136,705 shares, compared to its average volume of 1,874,647. The company’s fifty day simple moving average is $95.73 and its 200 day simple moving average is $97.58. Performance Food Group has a 1 year low of $80.82 and a 1 year high of $117.47. The stock has a market cap of $17.33 billion, a PE ratio of 48.04, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 1.34.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, November 4th. The food distribution company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.27 by $0.05. The business had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.02 billion. Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Equities analysts anticipate that Performance Food Group will post 5.58 earnings per share for the current year.

Insider Transactions at Performance Food Group

In related news, insider Donald S. Bulmer sold 1,353 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total transaction of $142,457.37. Following the sale, the insider owned 52,938 shares of the company’s stock, valued at approximately $5,573,842.02. This represents a 2.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chasity D. Grosh sold 1,005 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $92.40, for a total transaction of $92,862.00. Following the completion of the sale, the insider owned 5,783 shares in the company, valued at $534,349.20. This represents a 14.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 41,459 shares of company stock valued at $4,317,917. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Cedar Mountain Advisors LLC purchased a new stake in shares of Performance Food Group in the first quarter worth $28,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Performance Food Group during the third quarter worth about $31,000. Covestor Ltd increased its stake in Performance Food Group by 526.6% in the 3rd quarter. Covestor Ltd now owns 495 shares of the food distribution company’s stock worth $45,000 after acquiring an additional 416 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Performance Food Group in the 2nd quarter worth about $51,000. Finally, Transamerica Financial Advisors LLC bought a new position in Performance Food Group in the 2nd quarter worth about $54,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Key Performance Food Group News

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: For fiscal Q1 2027, adjusted EPS was $1.32, topping the roughly $1.27 consensus estimate. Revenue rose 5.5% year over year to $18.02 billion, in line with expectations. Zacks earnings report
• Positive Sentiment: Management maintained its fiscal 2027 net-sales outlook and expected sales to rise in the second quarter, supporting confidence in near-term demand and the annual plan. RTTNews results and outlook
• Positive Sentiment: Sanford C. Bernstein raised its price target to $135 from $130 and reiterated an Outperform rating. TD Cowen also lifted its target, to $125 from $110, and assigned a Buy rating—further signaling analyst optimism. Price-target update
• Neutral Sentiment: Quarterly revenue matched analyst expectations, so the earnings beat—not a top-line surprise—was the clearest positive in the report.

About Performance Food Group

Performance Food Group Co (NYSE:PFGC) is a food and foodservice distribution company serving restaurants, convenience stores, schools, health care facilities, hospitality businesses and other institutional customers. The company supplies a broad selection of fresh, frozen and dry food products, beverages, disposables, kitchen supplies and related equipment.

Performance Food Group operates through three primary business areas: Foodservice, which distributes products to independent and chain restaurants and institutional customers; Vistar, which supplies candy, snacks, beverages and other products to vending, theater, hospitality and specialty retail customers; and Convenience, which serves convenience stores and other retail locations with food, beverages, tobacco products and related merchandise.

The company traces its origins to 1987 and is headquartered in Richmond, Virginia.