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Performance Food Group (NYSE: PFGC – Get Rating) was given a consensus rating of ‘buy’ by the 12 research firms that cover the stock, MarketBeat reports. Nine analysts have a Buy rating on the stock. The average 1-year price target for brokerages that published stock reports last year is $68.40.
A number of equity analysts have recently published reports on PFGC stock. TheStreet upgraded Performance Food Group from a ‘c+’ rating to a ‘b’ rating in a report on Wednesday, November 9. Truist Financial said in a report on Thursday, Nov. 10 that he raised Performance Food Group’s price target from $67.00 to $72.00. Credit Suisse Group raised its price target for Performance Food Group from $70.00 to $72.00 in its report on Thursday, November 10, giving it an “outperform” rating. Stephens kicked off his Performance Food Group coverage with a report on Thursday, Sept. 22. They set an “overweight” rating and a price target for the company of $60.00. Finally, StockNews.com raised Performance Food Group’s rating from “pending” to “buying” in his Friday, Nov. 11 report.
performance food group price performance
NYSE PFGC shares opened at $59.90 on Monday. The company has a market cap of $9.32 billion, a P/E of 45.73 and a beta of 1.38. The company has a quick ratio of 0.71, a current ratio of 1.64 and a debt to equity ratio of 1.19. The stock has a 50-day simple moving average of $56.03 and a 200-day simple moving average of $50.70. Performance Food Group has a 12-month low of $38.23 and a 12-month high of $62.00.
Insider activity at Performance Food Group
In separate news from the Performance Food Group, insider Patrick T. Hagerty sold 500 shares of stock in a transaction that took place on Tuesday, November 1st. The shares were sold at an average price of $52.35, giving him a total of $26,175.00. Following the closing of the sale, Insiders now own 155,790 shares of the company’s stock, valued at approximately $8,155,606.50. The transaction was disclosed in documents filed with the SEC and available at this link. In another news, insider Patrick T. Hagerty sold 500 shares of his stock in a deal that took place on Tuesday, November 1st. The shares were sold at an average price of $52.35, giving him a total of $26,175.00. Following the closing of the transaction, insiders now own 155,790 shares of the Company’s stock valued at approximately $8,155,606.50. The sale was disclosed in filings with the Securities and Exchange Commission, which can be accessed via this hyperlink. Director Kimberly Grant also sold 3,000 shares in a transaction that took place on Wednesday, November 23rd. The shares were sold at an average price of $59.46, giving him a total of $178,380.00. Following the closing of the transaction, the directors now own directly 11,416 shares of the Company’s stock valued at approximately $678,795.36. Please see here for the disclosure of this sale. Insiders say that in the past 90 days he has sold 8,710 shares of company stock worth $507,977. His 2.80% of the shares are owned by insiders.
Hedge funds intervene in Performance Food Group
Many institutional investors and hedge funds have recently changed their PFGC holdings. Advisor Group Holdings Inc. increased its stake in Performance Food Group by 21.4% in the first quarter. Advisor Group Holdings Inc. now owns 10,532 shares of the food distribution company worth $529,000 after he bought an additional 1,853 shares last quarter. Raymond James & Associates increased his stake in Performance Food Group by 17.5% in the first quarter. Raymond James & Associates now owns 135,013 shares of the food distribution company worth $6,874,000 after purchasing an additional 20,136 of his shares during the previous quarter. Bank of New York Mellon Corp increased its stake in Performance Food Group by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 1,617,793 shares of the food distribution company worth $82,362,000 after purchasing an additional 53,480 shares during the previous quarter. American Century Companies Inc. increased its stake in Performance Food Group by 11.8% in the first quarter. American Century Companies Inc. now owns 29,041 shares of food distribution company valued at $1,479,000 after purchasing an additional 3,064 shares last quarter. Finally, US Bancorp DE increased its position in Performance Food Group by 8.1% in the first quarter. US Bancorp DE now owns 4,602 shares of the food distribution company valued at $234,000 after purchasing an additional 343 shares last quarter. 97.35% of the shares are currently owned by hedge funds and other institutional investors.
About Performance Food Group
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Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. Foodservice, Bicester, and Convenience He operates in three segments. The company offers a variety of frozen foods, groceries, candies, snacks, beverages, cigarettes, and other tobacco products. Beef, pork, chicken, seafood. health and beauty care products.
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