Barclays Lowers Performance Food Group (NYSE:PFGC) Price Target to $102.00

Performance Food Group (NYSE:PFGC) had its price target cut by equities research analysts at Barclays from $103.00 to $102.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the food distribution company’s stock. Barclays‘s target price would suggest a potential upside of 15.86% from the stock’s previous close.

PFGC has been the subject of several other reports. BMO Capital Markets upped their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Piper Sandler upped their target price on Performance Food Group from $79.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Wells Fargo & Company lifted their price target on Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Truist Financial raised their price objective on shares of Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.00.

Performance Food Group Price Performance

Performance Food Group stock opened at $88.04 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 1.70. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The stock has a market capitalization of $13.72 billion, a P/E ratio of 32.49, a price-to-earnings-growth ratio of 0.97 and a beta of 1.44. The stock has a fifty day moving average of $87.32 and a 200-day moving average of $80.43.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. On average, sell-side analysts expect that Performance Food Group will post 4.74 earnings per share for the current fiscal year.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the transaction, the insider now directly owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Performance Food Group

Several hedge funds have recently modified their holdings of PFGC. Chase Investment Counsel Corp bought a new stake in Performance Food Group in the 4th quarter valued at about $3,309,000. Mutual of America Capital Management LLC grew its stake in Performance Food Group by 12.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 147,784 shares of the food distribution company’s stock valued at $12,495,000 after acquiring an additional 16,306 shares during the period. GW&K Investment Management LLC increased its holdings in shares of Performance Food Group by 0.9% during the fourth quarter. GW&K Investment Management LLC now owns 1,366,259 shares of the food distribution company’s stock valued at $115,517,000 after acquiring an additional 12,777 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Performance Food Group during the fourth quarter worth approximately $2,087,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Performance Food Group by 2.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 56,222 shares of the food distribution company’s stock worth $4,754,000 after purchasing an additional 1,257 shares in 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.