Performance Food Group (NYSE:PFGC) Price Target Raised to $125.00

Performance Food Group (NYSE:PFGC) had its target price lifted by TD Cowen from $110.00 to $125.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the food distribution company’s stock. TD Cowen‘s price objective points to a potential upside of 13.24% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Wells Fargo & Company upped their price target on Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Morgan Stanley raised their price objective on Performance Food Group from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. UBS Group lowered their target price on Performance Food Group from $132.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Finally, Weiss Ratings downgraded Performance Food Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 9th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Performance Food Group currently has an average rating of “Moderate Buy” and a consensus target price of $127.67.

Performance Food Group Stock Up 14.4%

NYSE:PFGC traded up $13.88 during trading hours on Wednesday, hitting $110.39. 3,960,348 shares of the stock traded hands, compared to its average volume of 1,855,952. The firm has a 50 day moving average price of $95.49 and a 200 day moving average price of $97.46. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 1.34. Performance Food Group has a fifty-two week low of $80.82 and a fifty-two week high of $117.47. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of 48.25, a PEG ratio of 1.30 and a beta of 0.91.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, November 4th. The food distribution company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.05. The company had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.02 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. Equities research analysts anticipate that Performance Food Group will post 5.58 earnings per share for the current year.

Insider Activity at Performance Food Group

In related news, insider Hugh Hatcher sold 3,000 shares of Performance Food Group stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $99.18, for a total transaction of $297,540.00. Following the completion of the sale, the insider owned 58,167 shares of the company’s stock, valued at approximately $5,769,003.06. This trade represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Erika T. Davis sold 8,008 shares of Performance Food Group stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $104.21, for a total value of $834,513.68. Following the sale, the insider directly owned 43,986 shares of the company’s stock, valued at approximately $4,583,781.06. The trade was a 15.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 41,459 shares of company stock valued at $4,317,917. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Performance Food Group

A number of hedge funds and other institutional investors have recently made changes to their positions in PFGC. Cedar Mountain Advisors LLC acquired a new position in Performance Food Group in the first quarter worth approximately $28,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Performance Food Group during the third quarter valued at approximately $31,000. Covestor Ltd raised its position in Performance Food Group by 526.6% during the third quarter. Covestor Ltd now owns 495 shares of the food distribution company’s stock valued at $45,000 after acquiring an additional 416 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Performance Food Group in the second quarter valued at approximately $51,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in Performance Food Group in the second quarter valued at approximately $54,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Performance Food Group

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: Adjusted EPS was $1.32, above analysts’ estimates of about $1.26–$1.27 and up from $1.18 a year earlier. Net income increased 38%, with growth in independent customer cases cited as a contributor. Article: Performance Food Group Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management expects sales to increase in the second quarter and maintained its fiscal 2027 outlook, offering reassurance that the company’s annual expectations remain intact. Article: Performance Food Group Q1 Results Improve, Expects Q2 Sales To Rise; Backs Annual Outlook
• Neutral Sentiment: Quarterly net sales were $18.02 billion, up 5.5% year over year and broadly in line with analyst expectations, so revenue growth was solid but not a clear consensus surprise. Article: Performance Food Group Fiscal Q1 Adjusted Earnings, Net Sales Rise

Performance Food Group Company Profile

Performance Food Group Co (NYSE:PFGC) is a food and foodservice distribution company serving restaurants, convenience stores, schools, health care facilities, hospitality businesses and other institutional customers. The company supplies a broad selection of fresh, frozen and dry food products, beverages, disposables, kitchen supplies and related equipment.

Performance Food Group operates through three primary business areas: Foodservice, which distributes products to independent and chain restaurants and institutional customers; Vistar, which supplies candy, snacks, beverages and other products to vending, theater, hospitality and specialty retail customers; and Convenience, which serves convenience stores and other retail locations with food, beverages, tobacco products and related merchandise.

The company traces its origins to 1987 and is headquartered in Richmond, Virginia.