The stock of Performance Food Group Company (NYSE:PFGC) decreased by -$0.25 on Friday to finish at $61.00, down -0.41 percent. The last five days have seen an average of 764,160 shares of common stock traded. 7 times new highs were reached in the current year, with a gain of $2.61. The average number of shares traded over the last 20 days was 968,495, while the average volume over the last 50 days totaled 943,346.
PFGC stock appreciated 0.26% 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 $64.34 on 08/17/23, after rallying from a low of $42.77 in 52 weeks. The price of PFGC stock has risen by 4.47% or $2.61 this year, reaching a new high 7 times. Still, the stock price is down -5.19% 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 28 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 23.97. Beta for the stock is 1.35. 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 2.52, and the price-to-cash flow ratio of 17.01.
Financial Health
For the three months ended June 29, Performance Food Group Company’s quick ratio was 0.80, 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 June 29 is 1.04, and the total debt to equity ratio is 1.07. As far as profitability goes, gross margin for the trailing twelve months is 10.90% percent. Performance Food Group Company’s operating margin stood at 1.30% for the same period. Based on annual data, it had gross profit of $6.25 billion and revenue of $57.25 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 3.20%. There was a 8.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 11.20%.
Earnings Surprise
According to Performance Food Group Company’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $14.87 billion, while revenues rose by 1.85% to $13.77 billion. It was predicted that Performance Food Group Company’s quarterly earnings would be $1.14, but it ended up being $1.14. EBITDA was $391.89 million for the quarter. At the end of Performance Food Group Company’s most recent quarter ended June 29, its liabilities totaled 8.75 billion, while its total debt was $4.74 billion. Equity owned by shareholders amounts to $156.19 million.
Technical Picture
Here’s a quick look at Performance Food Group Company’s (PFGC) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 52.17%, suggesting the stock is Neutral, with a 47.04% historical volatility rate.
The stochastic %K and %D were 58.68% and 60.11% respectively, while the average true range (ATR) was 1.40. Based on the 14-day stochastic reading of 54.56%, the RSI (14) reading is 52.85%. On the 9-day MACD Oscillator, the stock is at -0.14, and the 14-day reading is at 1.01.
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 $82.00, with a median target price of $75.00. In analyzing these forecasts, the average price target given by analysts for Performance Food Group Company (PFGC) is $74.36.
