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Performance Food Group (NYSE:PFGC) Earns "Buy (B-)" Rating from Weiss Ratings

Performance Food Group logo with Retail/Wholesale background

Key Points

  • Performance Food Group has received a "Buy (B-)" rating from Weiss Ratings, indicating positive analyst sentiment towards the stock.
  • The company's recent earnings report revealed a 12-month revenue increase of 11.2%, with an earnings per share (EPS) of $1.55, surpassing expectations.
  • Despite a recent downgrade from Wall Street Zen to a "hold" rating, Performance Food Group maintains a "Moderate Buy" average rating from analysts with a price target of $111.00.
  • Five stocks to consider instead of Performance Food Group.

Performance Food Group (NYSE:PFGC - Get Free Report)'s stock had its "buy (b-)" rating reiterated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other brokerages have also recently commented on PFGC. Wall Street Zen cut Performance Food Group from a "buy" rating to a "hold" rating in a report on Saturday, October 4th. Truist Financial raised their target price on Performance Food Group from $101.00 to $118.00 and gave the company a "buy" rating in a report on Thursday, August 14th. UBS Group lifted their price objective on Performance Food Group from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Morgan Stanley lifted their price objective on Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company lifted their price objective on Performance Food Group from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Performance Food Group presently has an average rating of "Moderate Buy" and an average price target of $111.00.

Check Out Our Latest Research Report on PFGC

Performance Food Group Stock Performance

NYSE PFGC opened at $100.38 on Wednesday. The stock has a fifty day simple moving average of $102.23 and a 200-day simple moving average of $91.26. Performance Food Group has a twelve month low of $68.39 and a twelve month high of $109.05. The stock has a market cap of $15.71 billion, a PE ratio of 46.26, a P/E/G ratio of 1.14 and a beta of 1.09. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The company had revenue of $16.94 billion during the quarter, compared to analysts' expectations of $16.85 billion. During the same period last year, the business posted $1.45 EPS. Performance Food Group's revenue for the quarter was up 11.2% on a year-over-year basis. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider A Brent King sold 6,334 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.10, for a total transaction of $665,703.40. Following the sale, the insider owned 62,852 shares of the company's stock, valued at approximately $6,605,745.20. This trade represents a 9.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Erika T. Davis sold 4,100 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $430,746.00. Following the sale, the insider directly owned 46,541 shares in the company, valued at $4,889,597.46. This trade represents a 8.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,968 shares of company stock worth $5,944,596 over the last 90 days. Insiders own 2.80% of the company's stock.

Institutional Investors Weigh In On Performance Food Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parkside Financial Bank & Trust raised its position in shares of Performance Food Group by 51.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company's stock worth $32,000 after acquiring an additional 123 shares in the last quarter. AlphaQuest LLC increased its position in Performance Food Group by 658.0% during the second quarter. AlphaQuest LLC now owns 379 shares of the food distribution company's stock worth $33,000 after buying an additional 329 shares during the period. CENTRAL TRUST Co increased its position in Performance Food Group by 476.5% during the first quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after buying an additional 405 shares during the period. Farther Finance Advisors LLC increased its position in Performance Food Group by 203.7% during the first quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock worth $40,000 after buying an additional 334 shares during the period. Finally, Golden State Wealth Management LLC increased its position in Performance Food Group by 148.6% during the second quarter. Golden State Wealth Management LLC now owns 522 shares of the food distribution company's stock worth $46,000 after buying an additional 312 shares during the period. Institutional investors and hedge funds own 96.87% of the company's stock.

Performance Food Group Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Performance Food Group (NYSE:PFGC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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