Latest news with #PerformanceFoodGroupCompany
Business Wire
30-07-2025
- Business
- Business Wire
Performance Food Group Company to Host Webcast of Fourth-Quarter Fiscal 2025 Results
RICHMOND, Va.--(BUSINESS WIRE)-- Performance Food Group Company (PFG) (NYSE:PFGC) will host a live audio webcast at 9 a.m. ET Wednesday, August 13, 2025, to discuss fourth-quarter fiscal 2025 financial results. PFG will issue a news release with those results at approximately 7 a.m. ET that same day. George Holm, PFG Chairman & Chief Executive Officer, Patrick Hatcher, Executive Vice President & Chief Financial Officer, and Scott McPherson, President & Chief Operating Officer will discuss the company's fourth-quarter fiscal 2025 results and answer questions from the investment community and news media. The webcast will be available in listen-only mode at Pre-event registration is necessary. An archived copy of the webcast will be available later that same day. About Performance Food Group Company Performance Food Group is an industry leader and one of the largest food and foodservice distribution companies in North America with more than 150 locations. Founded and headquartered in Richmond, Virginia, PFG and our family of companies market and deliver quality food and related products to over 300,000 locations including independent and chain restaurants; businesses, schools and healthcare facilities; vending and office coffee service distributors; and big box retailers, theaters and convenience stores. PFG's success as a Fortune 100 company is achieved through our approximately 43,000 dedicated associates committed to building strong relationships with the valued customers, suppliers and communities we serve. To learn more about PFG, visit
Yahoo
10-07-2025
- Business
- Yahoo
BMO Keeps Outperform Rating on Performance Food Group (PFGC)
Performance Food Group Company (NYSE:PFGC) is one of the 11 Best Food Stocks to Buy According to Wall Street Analysts. On May 29, BMO Capital Markets maintained an 'Outperform' rating on Performance Food Group Company (NYSE:PFGC) with a price target of $105. BMO Capital's analysts discussed important takeaways from the company's Analyst Day. Performance Food Group Company (NYSE:PFGC) has set high goals as it now aims for a compound annual growth rate of 10-13% in EBITDA over the next three years. This target exceeds earlier estimates. The growth is expected to come from improvements across the company's business segments. A friendly grocery store team stocking shelves with foodservice products. The research firm did not change its projections for Performance Food Group Company (NYSE:PFGC) for fiscal years 2025 and 2026. However, BMO Capital did raise its forecast for 2027 and 2028. The firm now expects EBITDA growth to 10% for 2027 and 2028. This is an increase from the previous estimate of 8%. Performance Food Group Company (NYSE:PFGC) is a leading food and foodservice distribution company in North America. The company markets and delivers food and related products to independent and chain restaurants, businesses, schools, healthcare facilities, vending and office coffee service distributors, big box retailers, theaters, and convenience stores. 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: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Morgan Stanley Lifts Performance Food Group Company (PFGC) Stock Target to $93
Morgan Stanley has raised its price target for Performance Food Group Company (NYSE:PFGC) to $93, up from $92, while maintaining an Equalweight rating, following the company's Investor Day webcast. Despite a recent third-quarter earnings miss, reporting adjusted EPS of $0.79 versus the expected $0.89 and revenue of $15.31 billion, just below forecasts, PFGC reaffirmed its fiscal 2025 outlook, projecting net sales between $63 billion and $63.5 billion and Adjusted EBITDA of $1.725 billion to $1.75 billion. The company also outlined ambitious growth, targeting annual sales of $73 billion to $75 billion by fiscal 2028, alongside a new $500 million share repurchase program replacing the prior $300 million authorization. Aerial view of a large warehouse loaded with pallets and crates of food products. Analysts highlighted Performance Food Group Company (NYSE:PFGC)'s decade-long consistency in strategy, its focus on operational efficiencies, and a shift toward higher-margin products and customers. While organic expansion remains measured, the company sees opportunities for growth through M&A, especially in underpenetrated markets. Citi analysts reaffirmed a Buy rating with a $121 price target, citing margin improvements and ongoing mix shifts. These developments underscore Performance Food Group Company (NYSE:PFGC)'s strong market positioning and strategic focus amid a resilient macroeconomic environment. While we acknowledge the potential of PFGC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PFGC and that has 100x upside potential, check out our report about this READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Morgan Stanley Lifts Performance Food Group Company (PFGC) Stock Target to $93
Morgan Stanley has raised its price target for Performance Food Group Company (NYSE:PFGC) to $93, up from $92, while maintaining an Equalweight rating, following the company's Investor Day webcast. Despite a recent third-quarter earnings miss, reporting adjusted EPS of $0.79 versus the expected $0.89 and revenue of $15.31 billion, just below forecasts, PFGC reaffirmed its fiscal 2025 outlook, projecting net sales between $63 billion and $63.5 billion and Adjusted EBITDA of $1.725 billion to $1.75 billion. The company also outlined ambitious growth, targeting annual sales of $73 billion to $75 billion by fiscal 2028, alongside a new $500 million share repurchase program replacing the prior $300 million authorization. Aerial view of a large warehouse loaded with pallets and crates of food products. Analysts highlighted Performance Food Group Company (NYSE:PFGC)'s decade-long consistency in strategy, its focus on operational efficiencies, and a shift toward higher-margin products and customers. While organic expansion remains measured, the company sees opportunities for growth through M&A, especially in underpenetrated markets. Citi analysts reaffirmed a Buy rating with a $121 price target, citing margin improvements and ongoing mix shifts. These developments underscore Performance Food Group Company (NYSE:PFGC)'s strong market positioning and strategic focus amid a resilient macroeconomic environment. While we acknowledge the potential of PFGC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PFGC and that has 100x upside potential, check out our report about this READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
Citigroup Initiates Coverage of Performance Food Group (PFGC) with a Buy Rating
On May 23, analysts at Citi initiated coverage on Performance Food Group Company (NYSE:PFGC)'s stock, giving it a 'Buy' rating and a price objective of $121.00. The initiation stems from the detailed analysis, exhibiting that the broader market might not be fully recognizing the favourable impacts of ongoing mix shifts in the company's operations. A friendly grocery store team stocking shelves with foodservice products. Performance Food Group Company (NYSE:PFGC)'s Convenience segment continues to witness beneficial changes, which include a decline in sales of low-margin nicotine products, softness in the lower-margin single-serve packaged food sales, and a strong improvement in higher-margin foodservice sales. The analyst hinted at Performance Food Group Company (NYSE:PFGC)'s long-term sales opportunities related to the foodservice offered to convenience stores. As per the analyst, an increase in the value gap between convenience stores and traditional fast-food outlets, mainly because of the less labour-intensive model, continues to support the convenience stores category. Also, the analyst remains optimistic about Performance Food Group Company (NYSE:PFGC)'s potential for M&As, considering its smaller size and regional footprint. This can result in additional opportunities for strong growth. Overall, the company's capability to reap the benefits from evolving market dynamics, mainly in foodservice and convenience sectors, can act as a driving force for its financial performance. Performance Food Group Company (NYSE:PFGC) is engaged in the marketing and distribution of food and food-related products. While we acknowledge the potential of PFGC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PFGC and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
