The stock of Performance Food Group Company (NYSE:PFGC) increased by $5.01 on Wednesday to $62.47, up 8.72 percent. The last five days have seen an average of 862,462 shares of common stock traded. 6 times new highs were reached in the current year, with a gain of $3.42. The average number of shares traded over the last 20 days was 713,425, while the average volume over the last 50 days totaled 851,136.
PFGC stock appreciated 3.81% since last month. On 08/15/23, the company’s shares reached a one-month low of $56.99. The stock touched a high of $63.22 on 05/01/23, after rallying from a low of $42.77 in 52 weeks. The price of PFGC stock has risen by 6.99% or $3.42 this year, reaching a new high 6 times. Still, the stock price is down -1.19% from the 52-week high.
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Insider Transactions
PFGC stock investors should be aware that Performance Food Group Company (PFGC) stock had its last reported insider trading activity 16 days ago on Jul 31. On Jul 31, Hagerty Patrick T. sold 2,000 shares at $59.76 each. This transaction resulted in the insider making $119,520. On Jun 29, HOLM GEORGE L sold 63,344 shares at a price of US$60.04. After the transaction, the insider now owns 595,056 shares. Hagerty Patrick T. had earlier sold 2,000 shares on Jun 29 for $59.63 a share. The transaction was completed for $119,260.
Valuation Metrics
Performance Food Group Company (PFGC) has a trailing price-to-earnings (P/E) ratio of 30.11. Beta for the stock is 1.38. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.17, the price-to-book (PB) ratio of 2.69, and the price-to-cash flow ratio of 33.43.
Financial Health
For the three months ended March 30, Performance Food Group Company’s quick ratio was 0.70, while its current ratio was 1.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 1.10, and the total debt to equity ratio is 1.12. As far as profitability goes, gross margin for the trailing twelve months is 10.70% percent. Performance Food Group Company’s EBITDA margin for the year ended March 30 was 1.56%, whereas its operating margin stood at 1.20% for the same period. Based on annual data, it had gross profit of $5.26 billion and revenue of $50.89 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PFGC’s return on assets (ROA) during the last 12 months has been 2.60%. There was a 3.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.40%.
Earnings Surprise
According to Performance Food Group Company’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $13.77 billion, while revenues rose by 5.03% to $13.9 billion. It was predicted that Performance Food Group Company’s quarterly earnings would be $0.83, but it ended up being $0.71, beating the consensus by 16.90%. EBITDA was $296.1 million for the quarter. At the end of Performance Food Group Company’s most recent quarter ended March 30, its liabilities totaled 8.61 billion, while its total debt was $4.71 billion. Equity owned by shareholders amounts to $156.15 million.
Technical Picture
Here’s a quick look at Performance Food Group Company’s (PFGC) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 66.96%, suggesting the stock is Neutral, with a 40.66% historical volatility rate.
The stochastic %K and %D were 38.74% and 20.21% respectively, while the average true range (ATR) was 1.34. Based on the 14-day stochastic reading of 97.48%, the RSI (14) reading is 61.57%. On the 9-day MACD Oscillator, the stock is at 0.08, and the 14-day reading is at -0.34.
Analyst Ratings
Performance Food Group Company (NYSE: PFGC) was downgraded by Morgan Stanley to a an Equal-weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Performance Food Group Company (PFGC) an Overweight rating. PFGC is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 8 others recommend it as a buy.
What is PFGC’s price target for the next 12 months?
The current consensus forecast for the stock is between $65.00 and $80.00, with a median target price of $72.00. In analyzing these forecasts, the average price target given by analysts for Performance Food Group Company (PFGC) is $71.64.
