Performance Food Group Receives a Hold from Pivotal Research

By Austin Angelo

In a report released today, Ajay Jain from Pivotal Research assigned a Hold rating to Performance Food Group (NYSE: PFGC), with a price target of $21. The company’s shares opened today at $23.75.

According to TipRanks.com, Jain is a 4-star analyst with an average return of 7.0% and a 45.8% success rate. Jain covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, United Natural Foods, and Kroger Company.

Performance Food Group has an analyst consensus of Moderate Buy, with a price target consensus of $24.50.

Performance Food Group’s market cap is currently $2.48B and has a P/E ratio of 34.42. The company has a book value ratio of 2.9555.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock.

Performance Food Group Co. markets and distributes food products. It operates its business through three segments: Performance Foodservice, PFG Customized, and Vistar. Performance Foodservice segment offers a broad product assortment that ranges from center of the plate items such as beef, pork, poultry, and seafood, frozen foods, refrigerated products, and dry groceries to disposables, cleaning and kitchen supplies, and related products used by its customers. The PFG Customized segment is a national distributor to the family and casual dining channel. This segment provides customers with value added services, such as expertise in fresh product distribution, logistics management, procurement management, and information system interfaces. The Vistar segment is a national distributor of candy, snacks, and beverages to vending and office coffee service distributors, big box retailers, and theaters. The company was founded in 1987 and is headquartered in Richmond, VA.