Truist Financial Raises Performance Food Group (NYSE:PFGC) Price Target to $118.00

Key Points

• Truist Financial has increased its price target for Performance Food Group (NYSE:PFGC) stock from $101.00 to $118.00, suggesting a potential upside of 16.98% from its current price.
• Performance Food Group's earnings per share for the last quarter was $1.55, exceeding expectations, with a revenue of $16.94 billion, marking an 11.2% year-over-year increase.
• The consensus rating for PFGC stock is "Moderate Buy" with 5 hold ratings, 9 buy ratings, and 1 strong buy rating, as well as an average target price of $105.08.

Performance Food Group (NYSE:PFGC - Free Report) had its target price hoisted by Truist Financial from $101.00 to $118.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the food distribution company's stock.

PFGC has been the subject of a number of other research reports. Barclays increased their target price on shares of Performance Food Group from $112.00 to $120.00 and gave the stock an "overweight" rating in a report 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. Wells Fargo & Company upped their price objective on Performance Food Group from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. UBS Group upped their price objective on Performance Food Group from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Finally, Sanford C. Bernstein set a $112.00 price objective on Performance Food Group and gave the company an "overweight" rating in a research note on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $106.00.

Performance Food Group Price Performance

Shares of PFGC stock traded up $0.4510 on Thursday, reaching $99.2210. The company had a trading volume of 1,593,093 shares, compared to its average volume of 1,893,326. The stock has a market capitalization of $15.53 billion, a PE ratio of 45.72, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. 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 has a one year low of $68.39 and a one year high of $103.50. The business's 50-day moving average is $93.82 and its 200 day moving average is $86.02.

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

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Donald S. Bulmer sold 2,404 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $90.00, for a total transaction of $216,360.00. Following the completion of the sale, the insider owned 51,350 shares of the company's stock, valued at approximately $4,621,500. This represents a 4.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Erika T. Davis sold 8,200 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $89.72, for a total transaction of $735,704.00. Following the sale, the insider directly owned 46,722 shares of the company's stock, valued at $4,191,897.84. This represents a 14.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,059 shares of company stock worth $5,861,405. Company insiders own 2.80% of the company's stock.

Institutional Trading of Performance Food Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors boosted its holdings in shares of Performance Food Group by 0.7% during the 4th quarter. Capital World Investors now owns 21,878,285 shares of the food distribution company's stock worth $1,849,809,000 after buying an additional 157,987 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Performance Food Group by 59.3% during the 1st quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company's stock worth $489,800,000 after buying an additional 2,318,763 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Performance Food Group by 40.8% during the 1st quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company's stock worth $407,922,000 after buying an additional 1,503,703 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Performance Food Group by 1.5% during the 1st quarter. Wellington Management Group LLP now owns 3,966,667 shares of the food distribution company's stock worth $311,899,000 after buying an additional 57,032 shares in the last quarter. Finally, Holocene Advisors LP boosted its holdings in shares of Performance Food Group by 8.6% during the 2nd quarter. Holocene Advisors LP now owns 3,078,977 shares of the food distribution company's stock worth $269,318,000 after buying an additional 244,793 shares in 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.