Latest news with #PerformanceFoodGroup
Globe and Mail
17 hours ago
- Business
- Globe and Mail
Analysts Offer Insights on Consumer Goods Companies: Beyond Meat (BYND), Treasury Wine Estates Limited (OtherTSRYF) and Performance Food Group (PFGC)
Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Beyond Meat (BYND – Research Report), Treasury Wine Estates Limited (TSRYF – Research Report) and Performance Food Group (PFGC – Research Report). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Beyond Meat (BYND) In a report released today, Andrew Strelzik from BMO Capital maintained a Hold rating on Beyond Meat, with a price target of $4.00. The company's shares closed last Wednesday at $2.82. According to Strelzik is a 4-star analyst with an average return of 4.9% and a 53.8% success rate. Strelzik covers the NA sector, focusing on stocks such as Papa John's International, Darden Restaurants, and Bloomin' Brands. ;'> Currently, the analyst consensus on Beyond Meat is a Moderate Sell with an average price target of $2.60, which is a -4.8% downside from current levels. In a report issued on August 7, TR | OpenAI – 4o also upgraded the stock to Hold with a $3.00 price target. Treasury Wine Estates Limited (TSRYF) RBC Capital analyst Michael Toner CFA maintained a Buy rating on Treasury Wine Estates Limited yesterday and set a price target of A$10.40. The company's shares closed last Thursday at $5.00. CFA has an average return of 0.3% when recommending Treasury Wine Estates Limited. ;'> According to CFA is ranked #4423 out of 9951 analysts. Treasury Wine Estates Limited has an analyst consensus of Moderate Buy, with a price target consensus of $6.62, implying a 32.4% upside from current levels. In a report issued on July 30, UBS also maintained a Buy rating on the stock with a A$10.00 price target. Performance Food Group (PFGC) BMO Capital analyst Kelly Bania reiterated a Buy rating on Performance Food Group today and set a price target of $125.00. The company's shares closed last Wednesday at $101.27. According to Bania is a 5-star analyst with an average return of 7.9% and a 68.1% success rate. Bania covers the Consumer Goods sector, focusing on stocks such as United Natural Foods, Albertsons Companies, and The Chefs' Warehouse. ;'> The word on The Street in general, suggests a Strong Buy analyst consensus rating for Performance Food Group with a $111.18 average price target, which is a 12.2% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $112.00 price target.
Bloomberg
3 days ago
- Business
- Bloomberg
Performance Food Board Saw ‘No Basis' to Engage With US Foods
Performance Food Group Co. 's board determined there was 'no basis' to engage with US Foods Holding Corp. after its rival requested that it share information for a potential merger, according to its chief executive officer. 'Taking into consideration associated risks including regulatory, synergy and integration risks, after careful consideration, the PFG board determined that there was no basis to engage in the information sharing requested by US Foods,' Performance Food CEO George Holm said in a call with analysts Wednesday to discuss the company's fiscal year results.
Yahoo
3 days ago
- Business
- Yahoo
Performance Food Group Gains From Brand Expansion And Foodservice Momentum
Performance Food Group Company (NYSE:PFGC) shares are trading higher on Wednesday. The company reported fourth-quarter adjusted earnings per share of $1.55, beating the analyst consensus estimate of $1.45. Quarterly sales of $16.938 billion outpaced the Street view of $16.860 billion (+11.5% year over year).Adjusted EBITDA in the quarter under review increased 19.9% to $546.9 million. Total case volume increased 11.9% year over year, with total organic case volume increasing 3.9%, benefiting from a 5.9% increase in organic independent cases and growth in cases sold to Foodservice's chain business. Gross profit for the fourth quarter of fiscal 2025 grew 14.6% to $2 billion. View more earnings on PFGC The gross profit increase was driven by recent acquisitions as well as cost of goods sold optimization through procurement efficiencies. Net income for the fourth quarter decreased $35 million year-over-year to $131.5 million. The decrease was primarily a result of an increase in depreciation and amortization. In fiscal year 2025, the firm provided $1.210 billion in cash flow from operating activities compared to $1.163 billion in cash flow from operating activities in the prior year period. Performance Food Group's exclusive brands include Braveheart Black Angus Beef, Empire's Treasure and Bay Winds seafood, Peak fresh produce, Heritage Ovens baked goods, and Bountiful Harvest fruits and vegetables, all available solely through its distribution network. Outlook Performance Food Group expects first-quarter sales between $16.60 billion and $16.90 billion, compared to the $16.916 billion consensus estimate. The company sees adjusted EBITDA to be in a range of approximately $465 million to $485 million. For the full fiscal year 2026, the company expects net sales to be in a range of approximately $67 billion to $68 billion. It expects adjusted EBITDA to be in a range of approximately $1.9 billion to $2.0 billion. Price Action: PFGC shares are trading higher by 1.73% to $100.06 at last check Wednesday. Read Next:Photo by Kristi Blokhin via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Performance Food Group Gains From Brand Expansion And Foodservice Momentum originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
25-07-2025
- Business
- Yahoo
Performance Food Group (PFGC) Targeted for Acquisition by US Foods
Performance Food Group Company (NYSE:PFGC) is one of the best alternative meat stocks to invest in according to analysts. On July 11, shares of US Foods Holding (USFD) surged to an all-time high following reports that the company was considering a potential acquisition of Performance Food Group (PFGC). The report detailed that the talks for a potential acquisition (or combination) remain private and nonbinding, with no guarantee that a deal will materialize. A filled shopping cart with popular food and beverage items. If completed, the merger would create the largest foodservice distributor in the US, with combined annual revenues of roughly $100 billion. This would surpass the current market leader, Sysco (NYSE:SYY), which reported approximately $64 billion in sales in 2024. The combined entity would hold approximately 18% of the $371 billion US food distribution market, becoming the number one player in the segment. US Foods aims to strengthen its position in the independent restaurant channel and other higher-margin markets through acquisitions. Performance Food's strengths include independent pizzerias, convenience stores, and candy/snacks areas, where US Foods is weaker. The merger would create scale and potential efficiencies, though analysts warn it could pressure US Foods' EBITDA margins in the short term. Performance Food Group Company (NYSE:PFGC) is one of the largest foodservice distributors in North America. It supplies over 300,000 locations, including restaurants, schools, and healthcare facilities. Through its FarmSmart brand, Performance Food has introduced innovative hybrid products, such as the Beef & Jackfruit Burger in collaboration with The Jackfruit Company. While we acknowledge the potential of PFGC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 AI Stocks With Huge Upside Potential and 11 Best High Return Penny Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
11-07-2025
- Business
- Yahoo
US Foods Mulling Acquisition of Performance Food, Report Says
Shares of Performance Food Group and US Foods Holding each rose to an intraday record on Friday as Bloomberg reported on a potential deal between the companies. The outlet reported that US Foods "has been evaluating an acquisition of Performance Food and expressed interest about a potential combination in recent months," according to people familiar with the situation. The food-service companies generated nearly $100 billion in combined revenue in their most recent full fiscal Foods Holding (USFD) stock hit an all-time high Friday on a report that the firm was mulling an acquisition of Performance Food Group (PFGC), whose shares also jumped to a record high. US Foods "has been evaluating an acquisition of Performance Food and expressed interest about a potential combination in recent months," people familiar with the matter told Bloomberg. The report did not include details or a potential timeline for a deal, and noted that the talks are not guaranteed to lead to an acquisition. If merged, the two companies would become the No. 1 U.S. food-service distributor with 18% of the $371 billion market, according to Bloomberg. A US Foods spokesperson told Investopedia that the company does "not comment on rumors or market speculation." Performance Food Group did not immediately respond to a request for comment. US Foods generated $37.9 billion in sales last year, while Performance Food recorded $58.3 billion in its last full fiscal year, which ended in June 2024, for a total of $96.2 billion in combined revenue in the most recent full fiscal years for the food-service providers. However, US Foods has a market capitalization of around $18.6 billion, compared with Performance Food's $14.9 billion. Performance Foods shares were up more than 5% in recent trading, and set an intraday record high of $95.92 earlier in the session. US Foods shares were little changed, having come off their own fresh all-time high of $81.63 set Friday morning. Read the original article on Investopedia Sign in to access your portfolio
