Performance Food Group - PFGC Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Performance Food Group in the last twelve months. There are currently 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PFGC shares.
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11 brokerages have issued 12 month price objectives for Performance Food Group's stock. Their PFGC share price forecasts range from $64.00 to $78.00. On average, they predict the company's share price to reach $72.36 in the next year. This suggests a possible upside of 31.3% 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 shares have decreased by 5.6% and is now trading at $55.10.
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Performance Food Group saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 2,560,000 shares, an increase of 16.9% from the January 31st total of 2,190,000 shares. Based on an average daily volume of 1,240,000 shares, the short-interest ratio is currently 2.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 10th 2023.
View our PFGC earnings forecast.

Performance Food Group (NYSE:PFGC) announced its earnings results on Wednesday, February, 8th. The food distribution company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.07. The food distribution company earned $13.90 billion during the quarter, compared to analyst estimates of $13.89 billion. Performance Food Group had a trailing twelve-month return on equity of 16.15% and a net margin of 0.47%. The company's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS.

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 Dynamic Food & Beverage ETF (PBJ), Invesco S&P MidCap 400 Revenue ETF (RWK), Fidelity Small-Mid Cap Opportunities ETF (FSMO), SoFi Next 500 ETF (SFYX), Invesco DWA Momentum ETF (PDP) and JPMorgan Active Value ETF (JAVA).

Performance Food Group issued an update on its FY 2023 earnings guidance on Sunday, March, 19th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $57.00 billion-$59.00 billion, compared to the consensus revenue estimate of $57.90 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 Clearbridge Investments LLC (3.33%), Morgan Stanley (3.15%), JPMorgan Chase & Co. (3.00%), William Blair Investment Management LLC (2.97%), Jennison Associates LLC (2.21%) and GW&K Investment Management LLC (1.59%). 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 $55.10.

Performance Food Group (NYSE:PFGC) has a market capitalization of $8.60 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 $1.72 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.