Performance Food Group's (PFGC) "Buy" Rating Reiterated at Guggenheim

Key Points

• Performance Food Group's stock has been given a "buy" rating by Guggenheim with a target price of $115.00, indicating a potential upside of 12.7% from its previous close.
• Recent earnings showed Performance Food Group reporting a Q1 EPS of $1.55, exceeding expectations, with revenue of $16.94 billion for the quarter, up 11.2% year-over-year.
• Various analysts have mixed ratings on PFGC stock, with one strong buy, eight buy ratings, and several holds, leading to an average rating of "Moderate Buy" with a target price of $107.67.

Performance Food Group (NYSE:PFGC - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Guggenheim in a research report issued on Tuesday,Benzinga reports. They currently have a $115.00 target price on the food distribution company's stock. Guggenheim's target price would indicate a potential upside of 12.70% from the company's previous close.

PFGC has been the topic of a number of other reports. Barclays increased their target price on Performance Food Group from $112.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Wall Street Zen downgraded Performance Food Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 6th. Sanford C. Bernstein set a $112.00 price objective on Performance Food Group and gave the stock an "overweight" rating in a research note on Thursday, May 29th. Morgan Stanley increased their target price on Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Finally, Citigroup initiated coverage on Performance Food Group in a report on Thursday, May 22nd. They set a "buy" rating and a $121.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $107.67.

Performance Food Group Price Performance

Shares of Performance Food Group stock opened at $102.0450 on Tuesday. The company has a market cap of $15.97 billion, a PE ratio of 47.13, a P/E/G ratio of 1.15 and a beta of 1.20. The business has a 50 day moving average of $94.95 and a 200 day moving average of $86.37. Performance Food Group has a 52 week low of $68.39 and a 52 week high of $103.50. The company has a quick ratio of 0.72, a current ratio of 1.58 and a debt-to-equity ratio of 1.51.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations 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 revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 earnings per share. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities research analysts forecast that Performance Food Group will post 4.58 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Hugh Patrick Hatcher sold 2,000 shares of the business's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the transaction, the insider directly owned 35,239 shares in the company, valued at $3,347,705. The trade was a 5.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $1,158,197.32. Following the transaction, the insider owned 60,952 shares in the company, valued at approximately $5,486,899.04. This trade represents a 17.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,531 shares of company stock valued at $6,749,551 in the last 90 days. Corporate insiders own 2.80% of the company's stock.

Institutional Trading of Performance Food Group

Several large investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its holdings in Performance Food Group by 51.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company's stock worth $32,000 after purchasing an additional 123 shares during the period. Stifel Financial Corp grew its position in shares of Performance Food Group by 4.6% in the fourth quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock valued at $248,000 after purchasing an additional 130 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Performance Food Group by 1.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,124 shares of the food distribution company's stock valued at $711,000 after purchasing an additional 131 shares in the last quarter. Spirepoint Private Client LLC grew its position in Performance Food Group by 2.7% in the second quarter. Spirepoint Private Client LLC now owns 7,082 shares of the food distribution company's stock worth $619,000 after acquiring an additional 184 shares during the period. Finally, CWM LLC grew its position in Performance Food Group by 8.6% in the first quarter. CWM LLC now owns 2,332 shares of the food distribution company's stock worth $183,000 after acquiring an additional 185 shares during the period. Hedge funds and other institutional investors 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.

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