Performance Food Group (NYSE:PFGC) Reaches New 1-Year High - Time to Buy?

Key Points

• Performance Food Group (NYSE:PFGC) shares reached a 52-week high at $105.80 during trading, with a recent trading volume of over 1.1 million shares.
• Analysts have shown positive sentiment towards the stock, with several raising their target prices, including UBS increasing it from $110.00 to $120.00 and Truist Financial from $101.00 to $118.00.
• The company reported quarterly earnings of $1.55 per share, exceeding analyst expectations, and recorded revenue of $16.94 billion, reflecting an 11.2% increase year-over-year.

Performance Food Group Company (NYSE:PFGC - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $105.80 and last traded at $105.66, with a volume of 1134063 shares traded. The stock had previously closed at $105.25.

Wall Street Analyst Weigh In

A number of research firms have commented on PFGC. Truist Financial lifted their price objective 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. Citigroup began 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. 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. Wells Fargo & Company lifted their price objective on shares of Performance Food Group from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Finally, Sanford C. Bernstein set a $112.00 price objective on shares of Performance Food Group and gave the stock an "overweight" rating in a report on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Performance Food Group presently has a consensus rating of "Moderate Buy" and an average price target of $109.67.

Performance Food Group Trading Down 0.2%

The company has a market cap of $16.60 billion, a price-to-earnings ratio of 48.87, a P/E/G ratio of 1.20 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.58 and a quick ratio of 0.72. The firm's fifty day moving average price is $99.65 and its 200-day moving average price is $88.14.

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

Insider Activity at Performance Food Group

In other Performance Food Group news, insider Donald S. Bulmer sold 4,348 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total transaction of $437,060.96. Following the transaction, the insider owned 58,526 shares of the company's stock, valued at approximately $5,883,033.52. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Hugh Patrick Hatcher sold 5,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total transaction of $525,350.00. Following the transaction, the insider directly owned 47,655 shares in the company, valued at approximately $5,007,110.85. The trade was a 9.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,968 shares of company stock worth $5,944,596. 2.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Performance Food Group

Several large investors have recently bought and sold shares of PFGC. Ameriprise Financial Inc. increased its stake in Performance Food Group by 24.2% during the 4th quarter. Ameriprise Financial Inc. now owns 230,318 shares of the food distribution company's stock valued at $19,473,000 after buying an additional 44,924 shares during the period. Cetera Investment Advisers lifted its holdings in Performance Food Group by 1.1% in the 4th quarter. Cetera Investment Advisers now owns 32,461 shares of the food distribution company's stock valued at $2,745,000 after acquiring an additional 369 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Performance Food Group by 61.7% in the 4th quarter. Nuveen Asset Management LLC now owns 888,534 shares of the food distribution company's stock valued at $75,126,000 after acquiring an additional 339,024 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Performance Food Group in the 4th quarter valued at about $1,795,000. Finally, Quantinno Capital Management LP lifted its holdings in Performance Food Group by 13.2% in the 4th quarter. Quantinno Capital Management LP now owns 16,605 shares of the food distribution company's stock valued at $1,404,000 after acquiring an additional 1,937 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

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.