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

Performance Food Group (NYSE:PFGC) had its target price lifted by Jefferies Financial Group from $90.00 to $95.00 in a report released on Wednesday, Benzinga reports. They currently have a buy rating on the food distribution company’s stock.

Several other equities analysts have also weighed in on PFGC. Truist Financial raised their price objective on shares of Performance Food Group from $86.00 to $88.00 and gave the company a buy rating in a research report on Thursday, August 15th. StockNews.com upgraded shares of Performance Food Group from a hold rating to a buy rating in a report on Tuesday, August 20th. Barclays upped their price objective on shares of Performance Food Group from $84.00 to $88.00 and gave the stock an overweight rating in a report on Thursday, August 15th. Wells Fargo & Company raised their target price on Performance Food Group from $80.00 to $83.00 and gave the company an overweight rating in a report on Thursday, August 15th. Finally, BMO Capital Markets upped their price target on Performance Food Group from $80.00 to $87.00 and gave the stock an outperform rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $87.00.

Performance Food Group Trading Down 0.5 %

Shares of NYSE:PFGC opened at $78.21 on Wednesday. The firm has a fifty day moving average of $71.65 and a two-hundred day moving average of $70.38. The company has a quick ratio of 0.76, a current ratio of 1.64 and a debt-to-equity ratio of 0.95. Performance Food Group has a 12-month low of $52.92 and a 12-month high of $79.59. The firm has a market capitalization of $12.19 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 0.85 and a beta of 1.44.

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

Insider Buying and Selling

In other news, insider George L. Holm sold 63,500 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $73.53, for a total value of $4,669,155.00. Following the completion of the sale, the insider now directly owns 531,556 shares of the company’s stock, valued at $39,085,312.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider George L. Holm sold 63,500 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the transaction, the insider now owns 531,556 shares in the company, valued at approximately $39,085,312.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kimberly Grant sold 4,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were 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 owns 10,184 shares of the company’s stock, valued at approximately $749,644.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,500 shares of company stock valued at $7,426,075. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PFGC. Capital World Investors increased 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 valued at $1,606,782,000 after acquiring an additional 100,244 shares during the period. Wellington Management Group LLP boosted its holdings in Performance Food Group by 6.5% during 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 in the last quarter. Eminence Capital LP grew its stake in shares of Performance Food Group by 7.4% in the 2nd 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 period. Jennison Associates LLC raised its holdings in shares of Performance Food Group by 2.5% in the 1st quarter. Jennison Associates LLC now owns 2,349,714 shares of the food distribution company’s stock worth $175,383,000 after buying an additional 56,242 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Performance Food Group by 414.1% in the 4th quarter. Point72 Asset Management L.P. now owns 2,198,282 shares of the food distribution company’s stock worth $152,011,000 after buying an additional 1,770,683 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

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.