Performance Food Group (NYSE:PFGC – Get Free Report) had its price target hoisted by equities research analysts at Jefferies Financial Group from $84.00 to $90.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the food distribution company’s stock. Jefferies Financial Group’s target price points to a potential upside of 24.77% from the company’s current price.
Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a report on Thursday. Truist Financial boosted their price objective on shares of Performance Food Group from $86.00 to $88.00 and gave the company a “buy” rating in a report on Thursday. Barclays boosted 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. Wells Fargo & Company raised their target price on Performance Food Group from $80.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, 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 report on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Performance Food Group presently has an average rating of “Moderate Buy” and a consensus target price of $85.89.
Check Out Our Latest Stock Report on Performance Food Group
Performance Food Group Stock Down 0.2 %
Performance Food Group (NYSE:PFGC – Get Free Report) last released its quarterly 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 $1.35 by $0.10. The business had revenue of $15.20 billion for the quarter, compared to analyst estimates of $15.25 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.22%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 earnings per share. Equities research analysts anticipate that Performance Food Group will post 4.2 earnings per share for the current year.
Hedge Funds Weigh In On Performance Food Group
A number of institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new stake in Performance Food Group in the fourth quarter valued at $29,000. Rise Advisors LLC acquired a new position in shares of Performance Food Group during the 1st quarter worth about $29,000. Innealta Capital LLC acquired a new position in shares of Performance Food Group during the 2nd quarter worth about $30,000. Signaturefd LLC lifted its holdings in shares of Performance Food Group by 38.8% in the 4th quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock valued at $35,000 after purchasing an additional 143 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Performance Food Group in the 1st quarter valued at about $44,000. 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.
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