Jefferies Financial Group Increases Performance Food Group (NYSE:PFGC) Price Target to $95.00

Performance Food Group (NYSE:PFGC) had its target price boosted by research analysts at Jefferies Financial Group from $90.00 to $95.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the food distribution company’s stock. Jefferies Financial Group’s target price suggests a potential upside of 20.74% from the company’s current price.

Several other equities analysts also recently issued reports on PFGC. Barclays increased their price objective on shares of Performance Food Group from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Truist Financial raised their price target on shares of Performance Food Group from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Morgan Stanley decreased their target price on Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Finally, BMO Capital Markets boosted their price target on Performance Food Group from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Performance Food Group Trading Up 1.5 %

PFGC stock opened at $78.68 on Wednesday. Performance Food Group has a 52-week low of $52.92 and a 52-week high of $78.99. The company has a quick ratio of 0.76, a current ratio of 1.64 and a debt-to-equity ratio of 0.95. The firm has a market cap of $12.24 billion, a P/E ratio of 29.36, a PEG ratio of 0.85 and a beta of 1.44. The company’s 50-day simple moving average is $71.13 and its 200-day simple moving average is $70.30.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.37 by $0.08. The company had revenue of $15.20 billion for the quarter, compared to analyst estimates of $15.25 billion. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. Performance Food Group’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $1.14 earnings per share. As a group, equities analysts forecast that Performance Food Group will post 4.87 EPS for the current fiscal year.

Insider Transactions at Performance Food Group

In other news, insider George L. Holm sold 63,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $73.53, for a total value of $4,669,155.00. Following the sale, the insider now directly owns 531,556 shares of the company’s stock, valued at approximately $39,085,312.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Scott E. Mcpherson sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $74.64, for a total transaction of $1,866,000.00. Following the sale, the insider now directly owns 149,863 shares of the company’s stock, valued at approximately $11,185,774.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider George L. Holm sold 63,500 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the completion of the transaction, the insider now owns 531,556 shares of the company’s stock, valued at approximately $39,085,312.68. The disclosure for this sale can be found here. Insiders sold 100,500 shares of company stock worth $7,426,075 in the last 90 days. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Performance Food Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital World Investors lifted its stake in Performance Food Group by 0.5% in the first quarter. Capital World Investors now owns 21,527,096 shares of the food distribution company’s stock worth $1,606,782,000 after acquiring an additional 100,244 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Performance Food Group by 6.5% during the 4th quarter. Wellington Management Group LLP now owns 6,473,543 shares of the food distribution company’s stock worth $447,645,000 after purchasing an additional 397,114 shares during the last quarter. Eminence Capital LP grew its stake in shares of Performance Food Group by 7.4% during the second quarter. Eminence Capital LP now owns 2,398,614 shares of the food distribution company’s stock worth $158,572,000 after purchasing an additional 164,472 shares in the last quarter. Jennison Associates LLC increased its holdings in Performance Food Group by 2.5% in the first quarter. Jennison Associates LLC now owns 2,349,714 shares of the food distribution company’s stock valued at $175,383,000 after buying an additional 56,242 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Performance Food Group by 414.1% in the fourth quarter. Point72 Asset Management L.P. now owns 2,198,282 shares of the food distribution company’s stock valued at $152,011,000 after buying an additional 1,770,683 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.