|Bid||46.70 x 800|
|Ask||46.77 x 800|
|Day's Range||46.31 - 46.77|
|52 Week Range||28.05 - 46.77|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||29.16|
|Earnings Date||Nov 5, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||48.30|
Performance Food Group Co (PFGC) files its latest 10-K with SEC for the fiscal year ended on June 30, 2019. Continue reading...
Performance Food (PFGC) delivered earnings and revenue surprises of 11.11% and 4.00%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Performance Food Group (NYSE: PFGC ) reported fourth-quarter earnings of 70 cents per share, which beat the analyst consensus estimate of 63 cents by 11.11%. This is a 32.08% increase over earnings of ...
Full-Year Double-Digit Sales and Earnings Growth Driven by Foodservice and Vistar’s Strong Results, Solid Gross Profit per Case Growth and Continued Independent Case Growth
The food distributor beats analysts' estimates. The high end of its expected fiscal 2020 earnings range beats analysts' expectations as well.
One simple way to benefit from the stock market is to buy an index fund. But if you pick the right individual stocks...
Performance Food (PFGC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Performance Food Group Company will host a live audio webcast at 9 a.m. ET on Wednesday, Aug. 14 to discuss its fourth-quarter and full-year fiscal 2019 financial results.
"The change in outlook to negative reflects the increased leverage and execution risk associated with its announced purchase of Reinhart Holdings" stated Christina Boni, Moody's Senior Credit Officer. "Although we anticipate the proposed acquisition will increase the company's scale significantly with combined sales of approximately $30 billion, prioritizing debt reduction and a successful integration will be required to improve credit metrics significantly.
After Performance Food Group Company's (NYSE:PFGC) earnings announcement in March 2019, it seems that analyst...
Two large private carriers are set to combine, as Performance Food Group (PFG) (NYSE: PFGC) announced that it has entered into an agreement to acquire Reinhart Foodservice, LLC in a $2 billion deal ($1.7 billion excluding a $265 million tax benefit). Richmond, Virginia-based PFG is a foodservice distribution company with a national network of more than 80 distribution centers and almost 18,000 employees. Rosemont, Illinois-based Reinhart, a top-five foodservice distributor with 26 distribution centers and 5,600 employees, is being acquired from Reyes Holdings, LLC, a holding company of five different beverage and foodservice providers.
Food distributors are facing shrinking margins as transportation costs have surged in recent years, with drivers preferring to work in the construction and manufacturing industries in an expanding U.S. economy. "We need all the people, so it's a good situation... Drivers would be the biggest difficulty, hence our need for all the drivers," Performance Food's Chief Executive Officer George Holm told Reuters. The acquisition of Reinhart, the second-largest privately held food distributor in the United States, will create a company with $30 billion in net sales and add independent restaurants to Performance Food's current customer base that includes Subway, Bloomin' Brands Inc and Restaurant Brands International Inc's Burger King.
Boeing, Performance Food Group, Berkshire Hathaway, Apple and Disney are the companies to watch.
has agreed to acquire privately held Reinhart Foodservice for $2 billion. Reinhart will be acquired from Performance Food Group's owner, Reyes Holdings LLC, in an all-cash deal, Performance Food CEO George Holm confirmed to The Wall Street Journal on Monday. Combined, the companies would have more than $30 billion in sales, according to Performance Food, which has a market value of $4.2 billion.
Performance Food Group (NYSE: PFGC) will acquire distributor Reinhart Foodservice LLC for $2 billion. Performance Food also reaffirmed its fiscal 2019 adjusted earnings per share growth outlook to be in the range of 12% to 16% over its $1.54 reported in 2018. The acquisition is expected to position Performance Food as one of the largest distributors in the U.S. with approximately $30 billion in net sales.
Performance Food Group Co said on Monday it would buy privately held rival Reinhart Foodservice LLC for $2 billion, as the distributor of goods to restaurants seeks scale to counter rising transportation costs that have pressured the industry. Food distributors are facing shrinking margins as transportation costs have surged in recent years, with drivers preferring to work in the construction and manufacturing industries in an expanding U.S. economy. "We need all the people, so it's a good situation... Drivers would be the biggest difficulty, hence our need for all the drivers," Performance Food's Chief Executive Officer George Holm told Reuters.
Performance Food Group Company (“PFG”) (PFGC) today announced it has entered into a definitive agreement to acquire Reinhart Foodservice, L.L.C (“Reinhart”) from Reyes Holdings, L.L.C. in a transaction valued at $2.0 billion, or approximately $1.7 billion net of an estimated tax benefit to PFG of approximately $265 million. With annual net sales of over $6 billion, Reinhart is the second largest privately held foodservice distributor in the U.S. and is headquartered in Rosemont, IL. “We are excited to announce the strategic acquisition of Reinhart and welcome them to Performance Food Group,” said George Holm, PFG Chairman, President & Chief Executive Officer.
McConnell Center Associates LLC, consisting of veteran developer Pete Goria and Windsor Commercial's Buddy Seymour, sold the McConnell Center buildings, which total 670,536 square feet, to New York Life Insurance Co. The buildings are at 4751, 4755 and 4754 McConnell Center Drive. McConnell Center is located at the intersection of Interstates 85 and 40 and the Greensboro Urban Loop. Tom Townes of Triad Commercial Properties, which represented the sellers, told Triad Business Journal that the remaining building in the 1.1 million square foot portfolio sale is under contract to New York Life and expected to close late in the year after Windsor completes construction of a 130,000 square foot expansion for General Dynamics.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Performance Food Group, Inc. New York, June 14, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Performance Food Group, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
While small-cap stocks, such as Performance Food Group Company (NYSE:PFGC) with its market cap of US$4.2b, are popular...