Performance Food Group (NYSE:PFGC) Rating Increased to Overweight at Piper Sandler

Key Points

• Performance Food Group's stock rating was upgraded to overweight by Piper Sandler, with a new target price of $114.00, indicating a potential upside of 12.48% from its previous close.
• The company reported a strong quarterly earnings performance with $1.55 EPS, exceeding analyst expectations and marking an 11.2% revenue increase year-over-year.
• Insider trading activity included significant sell-offs, with two insiders selling shares valued at close to $263,000 collectively, indicating a decrease in their stock positions.

Performance Food Group (NYSE:PFGC - Get Free Report) was upgraded by research analysts at Piper Sandler from a "neutral" rating to an "overweight" rating in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a $114.00 target price on the food distribution company's stock, up from their prior target price of $90.00. Piper Sandler's price target suggests a potential upside of 12.48% from the stock's previous close.

Several other analysts also recently commented on PFGC. Morgan Stanley lifted their target price 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. Wall Street Zen downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. Sanford C. Bernstein set a $112.00 target price on shares of Performance Food Group and gave the stock an "overweight" rating in a report on Thursday, May 29th. Guggenheim reaffirmed a "buy" rating and set a $115.00 target price on shares of Performance Food Group in a report on Tuesday, August 26th. Finally, Truist Financial lifted their target price on shares of Performance Food Group from $101.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $109.67.

Performance Food Group Stock Up 0.4%

Performance Food Group stock opened at $101.35 on Tuesday. The firm has a market capitalization of $15.86 billion, a PE ratio of 46.71, a P/E/G ratio of 1.15 and a beta of 1.10. The company's 50-day moving average is $96.50 and its 200-day moving average is $86.90. Performance Food Group has a fifty-two week low of $68.39 and a fifty-two week high of $103.50. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.58 and a quick ratio of 0.72.

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

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Erika T. Davis sold 1,277 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $101.55, for a total value of $129,679.35. Following the completion of the sale, the insider owned 50,641 shares of the company's stock, valued at $5,142,593.55. The trade was a 2.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Donald S. Bulmer sold 1,308 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $101.56, for a total transaction of $132,840.48. Following the completion of the sale, the insider directly owned 53,794 shares of the company's stock, valued at $5,463,318.64. This represents a 2.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,534 shares of company stock valued at $4,322,796 in the last quarter. Company insiders own 2.80% of the company's stock.

Hedge Funds Weigh In On Performance Food Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of Performance Food Group by 746.2% in the 1st quarter. SG Americas Securities LLC now owns 11,178 shares of the food distribution company's stock valued at $879,000 after buying an additional 9,857 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Performance Food Group by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,221,430 shares of the food distribution company's stock valued at $174,647,000 after buying an additional 137,998 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Performance Food Group by 5.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,282,070 shares of the food distribution company's stock valued at $100,809,000 after buying an additional 60,745 shares in the last quarter. Boston Partners raised its position in shares of Performance Food Group by 39.0% in the 1st quarter. Boston Partners now owns 108,933 shares of the food distribution company's stock valued at $8,565,000 after buying an additional 30,578 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Performance Food Group in the 1st quarter valued at approximately $69,456,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

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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