-- 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.