Performance Food Group (NYSE:PFGC) Issues Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Key Points

• Performance Food Group reported quarterly earnings of $1.55 per share, surpassing the consensus estimate of $1.45 by $0.10, with revenues reaching $16.94 billion.
• The company's year-over-year revenue growth was 11.2%, while net margin was 0.61% and return on equity was 16.17%.
• Performance Food Group's stock saw an increase of $3.01, closing at $101.37, as institutional investors hold a significant 96.87% of the company's shares.

Performance Food Group (NYSE:PFGC - Get Free Report) posted its quarterly earnings results on Wednesday. The food distribution company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.10, Zacks reports. The firm had revenue of $16.94 billion for the quarter, compared to analysts' expectations of $16.85 billion. Performance Food Group had a net margin of 0.61% and a return on equity of 16.17%. The firm's quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 earnings per share. Performance Food Group updated its FY 2026 guidance to EPS and its Q1 2026 guidance to EPS.

Performance Food Group Stock Performance

PFGC stock traded up $3.01 during trading on Wednesday, reaching $101.37. 4,061,547 shares of the company's stock were exchanged, compared to its average volume of 1,824,352. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 1.49. Performance Food Group has a 1-year low of $68.39 and a 1-year high of $103.50. The company's fifty day moving average price is $92.92 and its 200-day moving average price is $85.81. The firm has a market cap of $15.82 billion, a PE ratio of 42.24, a P/E/G ratio of 1.36 and a beta of 1.20.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider A Brent King sold 12,866 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $90.02, for a total transaction of $1,158,197.32. Following the completion of the transaction, the insider owned 60,952 shares in the company, valued at approximately $5,486,899.04. The trade was a 17.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Craig Howard Hoskins sold 19,113 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $87.55, for a total transaction of $1,673,343.15. Following the completion of the transaction, the insider owned 152,293 shares of the company's stock, valued at $13,333,252.15. This trade represents a 11.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,172 shares of company stock worth $7,534,748 in the last ninety days. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in Performance Food Group by 440.2% during the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company's stock valued at $58,000 after buying an additional 537 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Performance Food Group during the second quarter worth $230,000. Empowered Funds LLC acquired a new stake in shares of Performance Food Group during the first quarter worth $359,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Performance Food Group by 30.3% during the first quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company's stock valued at $62,266,000 after purchasing an additional 184,066 shares during the last quarter. Institutional investors own 96.87% of the company's stock.

Analysts Set New Price Targets

PFGC has been the subject of a number of research reports. Wall Street Zen downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. Wells Fargo & Company set a $115.00 price objective on shares of Performance Food Group and gave the stock an "overweight" rating in a report on Wednesday. Morgan Stanley lifted their price objective on shares of Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Citigroup initiated coverage on shares of Performance Food Group in a report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price objective for the company. Finally, UBS Group lifted their price objective on shares of Performance Food Group from $103.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Performance Food Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.38.

Performance Food Group Company Profile

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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