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

Performance Food Group (NYSE:PFGC) had its price target hoisted by analysts at Jefferies Financial Group from $90.00 to $95.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the food distribution company’s stock. Jefferies Financial Group’s price target indicates a potential upside of 21.81% from the company’s current price.

Other research analysts also recently issued reports about the company. BMO Capital Markets boosted their price objective on Performance Food Group from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their target price on Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Barclays boosted their target price on Performance Food Group from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Wells Fargo & Company boosted their target price on Performance Food Group from $80.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Finally, StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Performance Food Group currently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Performance Food Group Trading Up 0.8 %

Shares of NYSE:PFGC traded up $0.59 during midday trading on Wednesday, reaching $77.99. The company’s stock had a trading volume of 106,923 shares, compared to its average volume of 1,032,849. The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 0.85 and a beta of 1.44. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 1.64. The firm has a 50 day moving average price of $70.91 and a two-hundred day moving average price of $70.25. Performance Food Group has a fifty-two week low of $52.92 and a fifty-two week high of $78.54.

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

Insiders Place Their Bets

In other Performance Food Group news, Director Kimberly Grant sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total transaction of $294,440.00. Following the completion of the sale, the director now directly owns 10,184 shares of the company’s stock, valued at approximately $749,644.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Scott E. Mcpherson sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $74.64, for a total value of $1,866,000.00. Following the completion of the transaction, the insider now directly owns 149,863 shares of the company’s stock, valued at $11,185,774.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kimberly Grant sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $73.61, for a total value of $294,440.00. Following the completion of the transaction, the director now directly owns 10,184 shares of the company’s stock, valued at $749,644.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,500 shares of company stock valued at $7,426,075. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Performance Food Group

Several institutional investors have recently modified their holdings of the business. Capital World Investors grew its holdings in shares of 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 valued at $1,606,782,000 after acquiring an additional 100,244 shares in the last quarter. Wellington Management Group LLP lifted its stake in Performance Food Group by 6.5% in the fourth quarter. Wellington Management Group LLP now owns 6,473,543 shares of the food distribution company’s stock valued at $447,645,000 after purchasing an additional 397,114 shares during the last quarter. Eminence Capital LP lifted its stake in Performance Food Group by 7.4% in the second quarter. Eminence Capital LP now owns 2,398,614 shares of the food distribution company’s stock valued at $158,572,000 after purchasing an additional 164,472 shares during the last quarter. Jennison Associates LLC lifted its stake 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 purchasing an additional 56,242 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted 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 purchasing an additional 1,770,683 shares during the last quarter. 96.87% of the stock is owned by institutional investors.

Performance Food Group Company Profile

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.