$PFGC

3 stories mentioning PFGCUpdated 44d ago

Every FINWIRES story that references PFGC, newest first.

Research Alert: CFRA Reiterates Buy Opinion On Shares Of Performance Food Group Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price by $16 to $119, based on a 10x EV/EBITDA multiple applied to our FY 27 (Jun.) adj-EBITDA estimate (rolled forward from 12x our FY 26 estimate). We raise our FY 26 EPS estimate to $4.59 from $4.57 and lower FY 27's to $4.84 from $6.05. Following strong Q3 results, we reiterate our Buy opinion on our belief that shares are undervalued considering the potential for adj-EBITDA to grow 7% in FY 27. The quarter demonstrated PFGC's ability to navigate a soft restaurant traffic environment through market share gains and favorable mix. Independent restaurant organic case volume grew 6.5%, with new account growth outpacing total case growth, a positive signal for revenue durability. The company's expanding independent restaurant customer base provides a structural tailwind to gross profit growth. We believe PFGC is well positioned to offset food cost inflation through pricing pass-through and continued mix improvement, supporting our outlook for mid-single-digit revenue growth in FY 27.

$PFGC

Research49d ago

Research Alert: Pfgc: Fq3 Total Case Volume Accelerates; Margin Pressured By Operating Expenses

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:FQ3 results were constructive for PFGC, with net sales growing 6.4% to $16.3B (beating consensus) and adjusted EBITDA rising 6.6% to $410.6M (beating $402M consensus), driven by 7.3% independent case volume growth. The EBITDA beat reflects strong execution in core Foodservice and exceptional Convenience segment performance, where adjusted EBITDA surged 34% on procurement efficiencies and new customer wins. Management narrowed FY 26 adjusted EBITDA guidance to $1.90B-$1.93B, suggesting confidence in the floor but limited upside visibility. Management pointed to "accelerating sales and profit growth in fiscal 2027," though no quantified targets were provided. The key debate remains operating expense leverage, as operating expenses grew 8.6% versus 6.4% gross profit growth, compressing margins. While free cash flow of $806M provides balance sheet flexibility, we believe the stock's ability to re-rate higher depends on demonstrating operating leverage as integration costs normalize.

$PFGC

US Markets49d ago

Stocks Rise Pre-Bell, Oil Prices Fall After Report Says US, Iran Nearing Peace Agreement

The main US stock measures were pointing higher in Wednesday's premarket activity, while oil prices declined after a media report said the US and Iran are nearing a potential agreement to end their conflict.The S&P 500 and the Dow Jones Industrial Average rose 0.7% each before the opening bell, while the Nasdaq advanced 1.2%. The indexes finished the previous trading session in the green, with the S&P 500 and the Nasdaq closing with new highs.Washington is nearing an agreement with Tehran on a one-page memorandum of understanding to end their conflict in the Middle East and establish a framework for more detailed nuclear negotiations, Axios reported Wednesday, citing two US officials and two other sources familiar with the matter.In a social media post on Tuesday, President Donald Trump said the US is temporarily pausing "Project Freedom," its effort to guide neutral ships locked up in the Strait of Hormuz out of the crucial waterway. Trump noted that the US blockade on Iranian ports will remain in effect.US Defense Secretary Pete Hegseth reportedly said Tuesday that the ceasefire agreement with Iran remained intact despite recently renewed tensions in the Gulf region.West Texas Intermediate crude oil dropped 9.3% to $92.88 a barrel in premarket action, while Brent fell 8.3% to $100.77.Treasury yields slipped before the open, with the two-year rate retreating 7.3 basis points to 3.87% and the 10-year rate off 6.8 basis points to 4.35%.Walt Disney (DIS), Uber Technologies (UBER), CVS Health (CVS), Marriott International (MAR), Johnson Controls International (JCI), Restaurant Brands International (QSR), Kraft Heinz (KHC) and Performance Food Group (PFGC) are some of the major companies scheduled to report their latest financial results before the bell, among others.Arm Holdings (ARM), Applovin (APP), DoorDash (DASH) and Warner Bros. Discovery (WBD) post earnings after the markets close.Shares of Advanced Micro Devices (AMD) jumped 18% pre-bell after the chipmaker reported stronger-than-expected first-quarter results. Novo Nordisk's (NVO) US-listed stock climbed 7.5% as the Danish pharmaceutical giant issued an improved full-year sales outlook. Arista Networks (ANET) declined 8.1% after it issued a downbeat second-quarter revenue outlook.Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the ADP Employment report for April at 8:15 am. The weekly EIA domestic petroleum inventories report is out at 10:30 am.Federal Reserve Bank of St. Louis President Alberto Musalem is slated to speak at 9:30 am, while Chicago Fed President Austan Goolsbee speaks at 1 pm.Gold increased 3.1% to $4,710 per troy ounce, while bitcoin moved up 0.8% to $82,210.

Dow JonesNasdaq CompositeS&P 500$AMD$ANET$APP$ARM$CVS$DASH$DIS$JCI$KHC$MAR$NVO$PFGC$QSR$UBER$WBD

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