Performance Food Group (NYSE:PFGC) Issues Earnings Results

Performance Food Group (NYSE:PFGC) announced its quarterly earnings results on Wednesday. The food distribution company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.16 by $0.02, Zacks reports. The company had revenue of $17.08 billion during the quarter, compared to analyst estimates of $16.87 billion. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 earnings per share. Performance Food Group updated its FY 2026 guidance to EPS and its Q2 2026 guidance to EPS.

Performance Food Group Stock Up 4.2%

PFGC stock traded up $4.00 during midday trading on Friday, hitting $98.97. 1,641,319 shares of the company’s stock were exchanged, compared to its average volume of 1,337,460. The firm has a 50 day moving average price of $102.17 and a 200-day moving average price of $94.94. Performance Food Group has a 12-month low of $68.39 and a 12-month high of $109.05. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 45.61, a price-to-earnings-growth ratio of 1.11 and a beta of 1.08. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51.

Insider Activity at Performance Food Group

In related news, insider Erika T. Davis sold 4,100 shares of Performance Food Group stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $430,746.00. Following the completion of the sale, the insider owned 46,541 shares in the company, valued at approximately $4,889,597.46. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider A Brent King sold 6,334 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.10, for a total transaction of $665,703.40. Following the completion of the sale, the insider directly owned 62,852 shares in the company, valued at $6,605,745.20. This represents a 9.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 42,768 shares of company stock worth $4,373,921 over the last three months. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Performance Food Group

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Performance Food Group by 440.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock worth $58,000 after buying an additional 537 shares during the last quarter. State of Wyoming bought a new stake in Performance Food Group in the second quarter valued at $153,000. Marshall Wace LLP acquired a new position in shares of Performance Food Group during the second quarter valued at $230,000. Empowered Funds LLC bought a new position in shares of Performance Food Group during the first quarter worth about $359,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Performance Food Group by 22.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,198 shares of the food distribution company’s stock worth $367,000 after acquiring an additional 758 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PFGC shares. Morgan Stanley boosted their target price 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 raised shares of Performance Food Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $90.00 to $114.00 in a research report on Tuesday, September 2nd. Sanford C. Bernstein began coverage on shares of Performance Food Group in a research report on Wednesday, October 22nd. They issued an “outperform” rating and a $130.00 price objective for the company. Truist Financial raised their target price on shares of Performance Food Group from $101.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Finally, UBS Group upped their price target on shares of Performance Food Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Performance Food Group has a consensus rating of “Moderate Buy” and a consensus price target of $114.40.

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.