Barclays Increases Performance Food Group (NYSE:PFGC) Price Target to $86.00

Performance Food Group (NYSE:PFGCFree Report) had its price target boosted by Barclays from $78.00 to $86.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an overweight rating on the food distribution company’s stock.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Performance Food Group in a research report on Thursday, October 19th. They issued a buy rating and a $80.00 price objective on the stock. Stephens boosted their price objective on shares of Performance Food Group from $75.00 to $85.00 and gave the stock an overweight rating in a research report on Thursday. BMO Capital Markets boosted their price objective on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an outperform rating in a research report on Thursday. StockNews.com lowered Performance Food Group from a buy rating to a hold rating in a research note on Friday, November 10th. Finally, Morgan Stanley boosted their target price on shares of Performance Food Group from $65.00 to $68.00 and gave the company an equal weight rating in a research note on Thursday, November 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $79.75.

Check Out Our Latest Analysis on Performance Food Group

Performance Food Group Stock Performance

NYSE PFGC opened at $71.71 on Thursday. The company has a current ratio of 1.71, a quick ratio of 0.76 and a debt-to-equity ratio of 1.05. The business’s 50 day moving average is $69.73 and its two-hundred day moving average is $63.21. Performance Food Group has a 12-month low of $52.32 and a 12-month high of $74.74. The stock has a market capitalization of $11.16 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 0.94 and a beta of 1.40.

Performance Food Group (NYSE:PFGCGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The food distribution company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The company had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $14.20 billion. Performance Food Group had a return on equity of 16.77% and a net margin of 0.74%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. Research analysts expect that Performance Food Group will post 4.28 EPS for the current year.

Insider Buying and Selling

In related news, Director David V. Singer sold 955 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $62.76, for a total transaction of $59,935.80. Following the transaction, the director now directly owns 9,417 shares in the company, valued at $591,010.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Signaturefd LLC raised its position in shares of Performance Food Group by 38.8% in the 4th quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock worth $35,000 after buying an additional 143 shares during the period. Zions Bancorporation N.A. raised its stake in shares of Performance Food Group by 0.7% in the 2nd quarter. Zions Bancorporation N.A. now owns 24,998 shares of the food distribution company’s stock valued at $1,506,000 after acquiring an additional 170 shares during the period. Park Avenue Securities LLC raised its stake in shares of Performance Food Group by 1.8% in the 3rd quarter. Park Avenue Securities LLC now owns 10,472 shares of the food distribution company’s stock valued at $616,000 after acquiring an additional 186 shares during the period. Fifth Third Bancorp raised its stake in shares of Performance Food Group by 23.0% in the 4th quarter. Fifth Third Bancorp now owns 1,010 shares of the food distribution company’s stock valued at $70,000 after acquiring an additional 189 shares during the period. Finally, Utah Retirement Systems raised its stake in shares of Performance Food Group by 2.5% in the 4th quarter. Utah Retirement Systems now owns 8,200 shares of the food distribution company’s stock valued at $479,000 after acquiring an additional 200 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Company Profile

(Get Free Report)

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.

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