Performance Food Group (PFGC) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Performance Food Group in the last twelve months. There are currently 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PFGC shares.
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10 brokers have issued twelve-month target prices for Performance Food Group's stock. Their PFGC share price forecasts range from $64.00 to $80.00. On average, they anticipate the company's share price to reach $73.00 in the next year. This suggests a possible upside of 28.7% from the stock's current price.
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Performance Food Group's stock was trading at $58.39 at the beginning of the year. Since then, PFGC stock has decreased by 2.9% and is now trading at $56.70.
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Performance Food Group saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,620,000 shares, a decline of 18.4% from the April 30th total of 3,210,000 shares. Based on an average trading volume of 1,030,000 shares, the days-to-cover ratio is presently 2.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
View our PFGC earnings forecast.

Performance Food Group (NYSE:PFGC) issued its quarterly earnings results on Wednesday, May, 10th. The food distribution company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.12. The food distribution company had revenue of $13.77 billion for the quarter, compared to analysts' expectations of $13.94 billion. Performance Food Group had a net margin of 0.57% and a trailing twelve-month return on equity of 17.20%.

ETFs with the largest weight of Performance Food Group (NYSE:PFGC) stock in their portfolio include First Trust Consumer Staples AlphaDEX Fund (FXG), Invesco DWA Consumer Staples Momentum ETF (PSL), Invesco S&P MidCap 400 Revenue ETF (RWK), Invesco Dynamic Food & Beverage ETF (PBJ), Invesco S&P MidCap Momentum ETF (XMMO), Invesco S&P MidCap Value with Momentum ETF (XMVM), Fidelity Small-Mid Cap Opportunities ETF (FSMO) and Natixis Vaughan Nelson Mid Cap ETF (VNMC).

Performance Food Group issued an update on its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $57.00 billion-$57.50 billion, compared to the consensus revenue estimate of $57.93 billion.

174 employees have rated Performance Food Group Chief Executive Officer George L. Holm on Glassdoor.com. George L. Holm has an approval rating of 71% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Performance Food Group investors own include NVIDIA (NVDA), Sysco (SYY), CVS Health (CVS), Walt Disney (DIS), Procter & Gamble (PG), Alibaba Group (BABA), Raytheon Technologies (RTX), Core-Mark (CORE), Cisco Systems (CSCO) and Johnson & Johnson (JNJ).

Performance Food Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PFGC."

Performance Food Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.72%), FMR LLC (8.52%), Wellington Management Group LLP (5.89%), Clearbridge Investments LLC (3.39%), JPMorgan Chase & Co. (2.91%) and State Street Corp (2.74%). Insiders that own company stock include Christine R Vlahcevic, Donald S Bulmer, George L Holm, George L Holm, James D Hope, Kimberly Grant, Matthew C Flanigan, Patrick T Hagerty and Patrick T Hagerty.
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Shares of PFGC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PFGC stock can currently be purchased for approximately $56.70.

Performance Food Group (NYSE:PFGC) has a market capitalization of $8.85 billion and generates $50.89 billion in revenue each year. The food distribution company earns $112.50 million in net income (profit) each year or $2.08 on an earnings per share basis.

The company employs 35,000 workers across the globe.

Performance Food Group's mailing address is 12500 WEST CREEK PARKWAY, RICHMOND VA, 23238. The official website for the company is www.pfgc.com. The food distribution company can be reached via phone at (804) 484-7700, via email at bill.marshall@pfgc.com, or via fax at 804-484-7701.