Performance Food Group (NYSE:PFGC) Shares Gap Down – Should You Sell?

Performance Food Group Company (NYSE:PFGC)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $96.65, but opened at $92.17. Performance Food Group shares last traded at $94.2770, with a volume of 453,401 shares trading hands.

Analyst Ratings Changes

Several research firms recently issued reports on PFGC. Barclays raised their target price on Performance Food Group from $118.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Guggenheim reiterated a “buy” rating and issued a $115.00 price target on shares of Performance Food Group in a report on Tuesday, August 26th. Piper Sandler lifted their target price on shares of Performance Food Group from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Wells Fargo & Company increased their price target on shares of Performance Food Group from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Finally, Sanford C. Bernstein initiated coverage on shares of Performance Food Group in a research note on Wednesday, October 22nd. They set an “outperform” rating and a $130.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Performance Food Group has an average rating of “Moderate Buy” and an average target price of $114.60.

Performance Food Group Stock Performance

The company has a market cap of $14.93 billion, a PE ratio of 43.84, a PEG ratio of 1.11 and a beta of 1.08. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average is $100.33 and its two-hundred day moving average is $96.17.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, November 5th. The food distribution company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The business had revenue of $17.08 billion for the quarter, compared to analysts’ expectations of $16.87 billion. During the same period last year, the firm earned $1.16 earnings per share. The business’s quarterly revenue was up 10.8% on a year-over-year basis. Performance Food Group has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities research analysts anticipate that Performance Food Group Company will post 4.58 EPS for the current year.

Insiders Place Their Bets

In other Performance Food Group news, insider Hugh Patrick Hatcher sold 5,000 shares of Performance Food Group stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total value of $525,350.00. Following the sale, the insider directly owned 47,655 shares in the company, valued at approximately $5,007,110.85. The trade was a 9.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the insider directly owned 46,541 shares of the company’s stock, valued at approximately $4,889,597.46. The trade was a 8.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,019 shares of company stock valued at $1,884,319 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Performance Food Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its holdings in shares of Performance Food Group by 51.3% in the second quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock worth $32,000 after buying an additional 123 shares during the last quarter. AlphaQuest LLC boosted its position in Performance Food Group by 658.0% in the second quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock valued at $33,000 after buying an additional 329 shares during the last quarter. Root Financial Partners LLC purchased a new position in Performance Food Group during the 3rd quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd acquired a new stake in Performance Food Group during the 1st quarter valued at approximately $44,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Performance Food Group by 148.6% in the 2nd quarter. Golden State Wealth Management LLC now owns 522 shares of the food distribution company’s stock valued at $46,000 after acquiring an additional 312 shares during the last quarter. 96.87% of the stock is 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 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.