Performance Food Group Company (NYSE:PFGC) saw a downside of -0.37% to close Friday at $59.98 after subtracting -$0.22 on the day. The 5-day average trading volume is 856,720 shares of the company’s common stock. It has gained $62.17 in the past week and touched a new high 2 times within the past 5 days. An average of 903,645 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 890,134.
PFGC’s 1-month performance is -2.72% or -$1.01 on its low of $58.66 reached on 09/12/23. The company’s shares have touched a 52-week low of $42.77 and high of $64.34, with the stock’s rally to the 52-week high happening on 08/17/23. YTD, PFGC has achieved 2.72% or $1.59 and has reached a new high 7 times. However, the current price is down -6.78% from the 52-week high price.
Insider Transactions
PFGC stock investors last saw insider trading activity on Aug 29.Hagerty Patrick T. () most recently sold 2,000 shares at $61.85 per share on Aug 29. This transaction cost the insider $123,700., Hagerty Patrick T., sold 2,000 shares at a price of $59.76 on Jul 31. Then, on Jun 29, HOLM GEORGE L sold 63,344 shares at a price of $60.04 per share. This transaction amounted to $3,803,174.
Valuation Metrics
PFGC stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.16 while the price-to-book (PB) in the most recent quarter is 2.47, with the price to cash flow ratio at 16.66.
Performance Food Group Company’s quick ratio for the period ended June 29 was 0.75, with the current ratio over the same period at 1.71. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.21, while the total debt to equity was 1.27. In terms of profitability, the gross margin trailing 12 months is 10.06%. The firm’s gross profit as reported stood at $6.25 billion against revenue of $57.25 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 49.37% to $150.1 million, while revenue of $80.3 million was 46.5% off the previous quarter. Analysts expected PFGC to announce $1.14 per share in earnings in its latest quarter, but it posted $1.14, representing a 0.00% surprise. EBITDA for the quarter stood at more than $391.89 million. PFGC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 8.75 billion, with total debt at $4.74 billion. Shareholders hold equity totaling $156.19 million.
Let’s look briefly at Performance Food Group Company (PFGC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 43.66% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.60%.
The stock’s 5-day moving average is $60.86, reflecting a -0.78% or -$0.47 change from its current price. PFGC is currently trading -2.07% above its 20-day SMA, -3.30% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.85% and SMA200 by-0.46%.
Stochastic %K and %D was 46.56% and 54.44% and the average true range (ATR) pointed at 1.12. The RSI (14) points at 46.27%, while the 14-day stochastic is at 37.61% with the period’s ATR at 1.14. The stock’s 9-day MACD Oscillator is pointing at 0.17 and 0.48 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Performance Food Group Company (NYSE: PFGC), Morgan Stanley downgraded it to an Equal-weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for PFGC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PFGC as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 8 have offered a “buy” rating.
What is PFGC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $66.00 and a high of $82.00, with their median price target at $75.00. Looking at these predictions, the average price target given by analysts is for Performance Food Group Company (PFGC) stock is $74.45.
