Performance Food Group Company (NYSE: PFGC) has seen a rise in its stock price by 1.09 in relation to its previous close of 89.59. However, the company has experienced a 3.03% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-21 that Performance Food Group migrates 100 percent of its fleet management business to Trimble Instinct, doubling Trimble-serviced trucks WESTMINSTER, Colo., Nov. 21, 2024 /PRNewswire/ — Trimble® (Nasdaq: TRMB) announced today that Performance Food Group Company (PFG) (NYSE:PFGC), one of North America’s largest food and foodservice distribution companies, has selected Trimble, as its premier fleet management provider — servicing 100 percent of PFG’s fleet business and doubling the number of trucks managed with Trimble in-cab technology from 4,000 to more than 8,000.
Is It Worth Investing in Performance Food Group Company (NYSE: PFGC) Right Now?
The price-to-earnings ratio for Performance Food Group Company (NYSE: PFGC) is 33.39x, which is above its average ratio. Moreover, the 36-month beta value for PFGC is 1.43. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for PFGC is 151.75M and currently, short sellers hold a 1.59% of that float. On December 06, 2024, PFGC’s average trading volume was 920.73K shares.
PFGC’s Market Performance
PFGC stock saw an increase of 3.03% in the past week, with a monthly gain of 10.01% and a quarterly increase of 26.67%. The volatility ratio for the week is 1.99%, and the volatility levels for the last 30 days are 2.10% for Performance Food Group Company (PFGC). The simple moving average for the last 20 days is 4.51% for PFGC stock, with a simple moving average of 22.54% for the last 200 days.
Analysts’ Opinion of PFGC
Many brokerage firms have already submitted their reports for PFGC stocks, with Morgan Stanley repeating the rating for PFGC by listing it as a “Equal-Weight.” The predicted price for PFGC in the upcoming period, according to Morgan Stanley is $92 based on the research report published on October 28, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see PFGC reach a price target of $72. The rating they have provided for PFGC stocks is “Overweight” according to the report published on November 21st, 2023.
Deutsche Bank gave a rating of “Buy” to PFGC, setting the target price at $80 in the report published on October 19th of the previous year.
PFGC Trading at 8.78% from the 50-Day Moving Average
After a stumble in the market that brought PFGC to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.94% of gains for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 1.99%, as shares surge +3.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.86% upper at present.
During the last 5 trading sessions, PFGC rose by +3.03%, which changed the moving average for the period of 200-days by +21.08% in comparison to the 20-day moving average, which settled at $86.66. In addition, Performance Food Group Company saw 30.98% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PFGC starting from Hoskins Craig Howard, who sale 20,496 shares at the price of $88.28 back on Nov 27 ’24. After this action, Hoskins Craig Howard now owns 192,868 shares of Performance Food Group Company, valued at $1,809,387 using the latest closing price.
CRAIG HOSKINS, the Officer of Performance Food Group Company, proposed sale 40,992 shares at $88.08 during a trade that took place back on Nov 27 ’24, which means that CRAIG HOSKINS is holding shares at $3,610,575 based on the most recent closing price.
Stock Fundamentals for PFGC
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.11 for the gross margin
The net margin for Performance Food Group Company stands at 0.01. The total capital return value is set at 0.08. Equity return is now at value 10.53, with 3.06 for asset returns.
Based on Performance Food Group Company (PFGC), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is 3.44.
Currently, EBITDA for the company is 1.38 billion with net debt to EBITDA at 4.07. When we switch over and look at the enterprise to sales, we see a ratio of 0.34. The receivables turnover for the company is 23.53for trailing twelve months and the total asset turnover is 4.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.70.
Conclusion
To wrap up, the performance of Performance Food Group Company (PFGC) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
