Performance Food Group (NYSE:PFGC) Now Covered by Melius

Melius assumed coverage on shares of Performance Food Group (NYSE:PFGC) in a research note published on Wednesday, MarketBeat.com reports. The brokerage issued a hold rating and a $95.00 price objective on the food distribution company’s stock.

PFGC has been the topic of a number of other research reports. Guggenheim boosted their price target on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. BMO Capital Markets increased their price target on Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group lifted their price objective on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company lifted their target price on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $94.33.

Performance Food Group Stock Up 0.3 %

Shares of PFGC traded up $0.26 on Wednesday, hitting $85.41. The company’s stock had a trading volume of 149,321 shares, compared to its average volume of 1,023,204. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The firm’s fifty day moving average price is $85.20 and its 200-day moving average price is $75.57. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 31.52, a P/E/G ratio of 0.95 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.06). The business had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 EPS. On average, equities research analysts expect that Performance Food Group will post 4.73 EPS for the current year.

Insider Activity at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the sale, the insider now owns 192,868 shares in the company, valued at $17,026,387.04. The trade was a 9.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. raised its position in Performance Food Group by 281.4% during the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after purchasing an additional 242 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Performance Food Group in the third quarter valued at about $26,000. Innealta Capital LLC acquired a new stake in shares of Performance Food Group in the second quarter valued at about $30,000. Venturi Wealth Management LLC raised its position in shares of Performance Food Group by 203.0% during the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock worth $32,000 after acquiring an additional 274 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Performance Food Group by 414.8% in the third quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after acquiring an additional 365 shares during the period. Institutional investors and hedge funds 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.