Performance Food Group (NYSE:PFGC) Reaches New 12-Month High - Here's Why

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) shares hit a new 52-week high during trading on Monday . The stock 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.

Analyst Ratings Changes

Several analysts recently commented on the company. UBS Group boosted their price target on Performance Food Group from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Morgan Stanley increased their price target on Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Piper Sandler upgraded Performance Food Group from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $90.00 to $114.00 in a report on Tuesday, September 2nd. Truist Financial increased their target price on Performance Food Group from $101.00 to $118.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Finally, Wall Street Zen lowered Performance Food Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 6th. 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $109.67.

Performance Food Group Trading Down 0.3%

The firm has a market cap of $16.46 billion, a PE ratio of 48.48, a P/E/G ratio of 1.19 and a beta of 1.10. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51. The business has a fifty day moving average price of $97.97 and a 200 day moving average price of $87.42.

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

Insiders Place Their Bets

In related news, insider A Brent King sold 6,334 shares of Performance Food Group stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.10, for a total transaction of $665,703.40. Following the completion of the transaction, the insider directly owned 62,852 shares of the company's stock, valued at approximately $6,605,745.20. The trade was a 9.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Erika T. Davis sold 4,100 shares of Performance Food Group stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $430,746.00. Following the transaction, the insider directly owned 46,541 shares of the company's stock, valued at approximately $4,889,597.46. This represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,968 shares of company stock worth $5,944,596 in the last ninety days. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Performance Food Group

Institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its stake in Performance Food Group by 59.3% during the first quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company's stock worth $489,800,000 after acquiring an additional 2,318,763 shares during the last quarter. Norges Bank acquired a new stake in Performance Food Group during the second quarter worth about $163,954,000. JPMorgan Chase & Co. increased its stake in Performance Food Group by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company's stock worth $407,922,000 after acquiring an additional 1,503,703 shares during the last quarter. Junto Capital Management LP grew its stake in shares of Performance Food Group by 419.9% in the fourth quarter. Junto Capital Management LP now owns 1,406,080 shares of the food distribution company's stock valued at $118,884,000 after buying an additional 1,135,641 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Performance Food Group in the first quarter valued at about $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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