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

Performance Food Group (NYSE:PFGC) had its price objective boosted by Jefferies Financial Group from $90.00 to $95.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Jefferies Financial Group currently has a buy rating on the food distribution company’s stock.

PFGC has been the subject of several other reports. BMO Capital Markets upped their target price on shares of Performance Food Group from $80.00 to $87.00 and gave the company an outperform rating in a research note on Thursday, August 15th. Barclays boosted their price target on Performance Food Group from $84.00 to $88.00 and gave the stock an overweight rating in a research note on Thursday, August 15th. Wells Fargo & Company raised their price objective on Performance Food Group from $80.00 to $83.00 and gave the company an overweight rating in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft upped 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. Finally, StockNews.com raised shares of Performance Food Group from a hold rating to a buy rating in a research report on Tuesday, August 20th. One 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.com, the stock has an average rating of Moderate Buy and an average target price of $87.00.

Performance Food Group Trading Down 0.5 %

PFGC stock opened at $78.21 on Wednesday. Performance Food Group has a 52 week low of $52.92 and a 52 week high of $79.59. The company has a market cap of $12.19 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 0.85 and a beta of 1.44. 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 business has a fifty day simple moving average of $71.65 and a 200-day simple moving average of $70.38.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results 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. Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. The firm had revenue of $15.20 billion for the quarter, compared to analyst estimates of $15.25 billion. During the same quarter last year, the firm posted $1.14 earnings per share. Performance Food Group’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts expect that Performance Food Group will post 4.87 EPS for the current year.

Insider Buying and Selling at Performance Food Group

In other news, insider George L. Holm sold 63,500 shares of the 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 completion of the transaction, the insider now directly owns 531,556 shares in the company, valued at $39,085,312.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Kimberly Grant sold 4,000 shares of the business’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 sale, the director now directly owns 10,184 shares in the company, valued at approximately $749,644.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider George L. Holm sold 63,500 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 531,556 shares of the company’s stock, valued at $39,085,312.68. The disclosure for this sale can be found here. Insiders have sold 100,500 shares of company stock valued at $7,426,075 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Performance Food Group

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