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

Performance Food Group (NYSE:PFGC) had its price objective hoisted by research analysts at Jefferies Financial Group from $90.00 to $95.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the food distribution company’s stock. Jefferies Financial Group’s price objective points to a potential upside of 21.81% from the stock’s previous close.

Several other equities research analysts also recently issued reports on PFGC. Morgan Stanley dropped 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. Truist Financial increased their target price on Performance Food Group from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. BMO Capital Markets upped their price target on shares of Performance Food Group from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, August 15th. Finally, Barclays upped their price target 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Performance Food Group Stock Performance

Performance Food Group stock traded up $0.59 during trading on Wednesday, hitting $77.99. The stock had a trading volume of 106,923 shares, compared to its average volume of 1,032,849. Performance Food Group has a 1 year low of $52.92 and a 1 year high of $78.54. 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 stock’s 50 day moving average is $70.91 and its two-hundred day moving average is $70.25. The stock has a market cap of $12.15 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 0.85 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.08. The firm 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 business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 earnings per share. As a group, analysts predict that Performance Food Group will post 4.87 EPS for the current year.

Insider Activity at Performance Food Group

In related news, insider Scott E. Mcpherson sold 25,000 shares of the stock in a transaction 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 transaction, the insider now owns 149,863 shares of the company’s stock, valued at $11,185,774.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Scott E. Mcpherson sold 25,000 shares of the stock in a transaction 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 transaction, the insider now owns 149,863 shares of the company’s stock, valued at $11,185,774.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Patrick T. Hagerty sold 8,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the transaction, the insider now directly owns 162,987 shares in the company, valued at approximately $12,152,310.72. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock valued at $7,426,075 over the last 90 days. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PFGC. Corient Private Wealth LLC grew its stake in shares of Performance Food Group by 47.1% during the fourth quarter. Corient Private Wealth LLC now owns 36,333 shares of the food distribution company’s stock valued at $2,512,000 after buying an additional 11,626 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Performance Food Group by 10.7% during the fourth quarter. Advisory Services Network LLC now owns 6,181 shares of the food distribution company’s stock valued at $427,000 after buying an additional 598 shares during the last quarter. United Services Automobile Association grew its stake in shares of Performance Food Group by 14.8% during the fourth quarter. United Services Automobile Association now owns 12,387 shares of the food distribution company’s stock valued at $857,000 after buying an additional 1,600 shares during the last quarter. TFO Wealth Partners LLC grew its stake in shares of Performance Food Group by 46,780.0% during the fourth quarter. TFO Wealth Partners LLC now owns 4,688 shares of the food distribution company’s stock valued at $324,000 after buying an additional 4,678 shares during the last quarter. Finally, KBC Group NV bought a new position in shares of Performance Food Group during the fourth quarter valued at about $193,000. 96.87% of the stock is owned by institutional investors.

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.