Q4 2022 EPS Estimates for Performance Food Group (NYSE:PFGC) Boosted by Jefferies Financial Group

Performance Food Group (NYSE:PFGCGet Rating) – Analysts at Jefferies Financial Group upped their Q4 2022 EPS estimates for Performance Food Group in a research report issued on Wednesday, May 11th. Jefferies Financial Group analyst A. Slagle now forecasts that the food distribution company will earn $1.01 per share for the quarter, up from their previous forecast of $1.00. Jefferies Financial Group also issued estimates for Performance Food Group’s FY2023 earnings at $3.22 EPS.

PFGC has been the subject of a number of other research reports. StockNews.com initiated coverage on shares of Performance Food Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Wednesday, April 13th. Truist Financial started coverage on shares of Performance Food Group in a research note on Tuesday, February 1st. They set a “buy” rating and a $61.00 price objective for the company. Morgan Stanley upped their price objective on shares of Performance Food Group from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, February 10th. Finally, CL King initiated coverage on shares of Performance Food Group in a research report on Friday, March 11th. They set a “buy” rating and a $60.00 price target on the stock. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Performance Food Group presently has an average rating of “Buy” and an average price target of $62.00.

Shares of PFGC stock opened at $43.00 on Friday. The company has a market cap of $6.66 billion, a P/E ratio of 93.48, a P/E/G ratio of 1.23 and a beta of 1.45. The firm has a 50-day moving average of $50.02 and a 200-day moving average of $47.86. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.62 and a quick ratio of 0.68. Performance Food Group has a one year low of $38.82 and a one year high of $58.13.

Performance Food Group (NYSE:PFGCGet Rating) last issued its earnings results on Wednesday, May 11th. The food distribution company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. Performance Food Group had a net margin of 0.09% and a return on equity of 9.61%. During the same quarter last year, the firm earned $0.19 EPS.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Capital Group LLC raised its position in shares of Performance Food Group by 61.4% during the 1st quarter. Private Capital Group LLC now owns 560 shares of the food distribution company’s stock valued at $29,000 after purchasing an additional 213 shares during the period. Covestor Ltd purchased a new position in Performance Food Group during the fourth quarter valued at $46,000. First Horizon Advisors Inc. grew its stake in Performance Food Group by 31.2% during the fourth quarter. First Horizon Advisors Inc. now owns 1,031 shares of the food distribution company’s stock valued at $48,000 after acquiring an additional 245 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Performance Food Group during the first quarter valued at $58,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in Performance Food Group during the first quarter valued at $71,000.

In other Performance Food Group news, insider Patrick T. Hagerty sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $52.87, for a total value of $528,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Patrick T. Hagerty sold 500 shares of the stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $51.06, for a total transaction of $25,530.00. Following the completion of the transaction, the insider now owns 148,325 shares in the company, valued at $7,573,474.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,000 shares of company stock worth $578,970. 2.60% of the stock is owned by insiders.

About Performance Food Group (Get Rating)

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through two segments, Foodservice and Vistar. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products, as well as beef, pork, poultry, and seafood.

Featured Stories

Earnings History and Estimates for Performance Food Group (NYSE:PFGC)

Receive News & Ratings for Performance Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Performance Food Group and related companies with MarketBeat.com's FREE daily email newsletter.