PFGC - Performance Food Group Company

NYSE - Nasdaq Real Time Price. Currency in USD
25.05
+1.76 (+7.56%)
As of 10:04AM EDT. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close23.29
Open24.83
Bid25.01 x 1400
Ask25.02 x 800
Day's Range24.23 - 25.23
52 Week Range7.41 - 54.49
Volume162,114
Avg. Volume2,685,674
Market Cap3.319B
Beta (5Y Monthly)1.40
PE Ratio (TTM)27.05
EPS (TTM)0.93
Earnings DateAug 12, 2020 - Aug 17, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est42.67
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
41% Est. Return
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  • Thomson Reuters StreetEvents

    Edited Transcript of PFGC earnings conference call or presentation 4-May-20 1:00pm GMT

    Q3 2020 Performance Food Group Co Earnings Call

  • Performance Food Group Company (PFGC) Q3 2020 Earnings Call Transcript
    Motley Fool

    Performance Food Group Company (PFGC) Q3 2020 Earnings Call Transcript

    PFGC earnings call for the period ending March 28, 2020.

  • TheStreet.com

    Performance Food Reports Mixed Results and Furloughs or Cuts 3,500 Staff

    Performance Food fiscal-third-quarter adjusted profit beat estimates, revenue missed forecasts, and the company furloughed or cut 3,500 staff.

  • Benzinga

    Recap: Performance Food Group Q3 Earnings

    Shares of Performance Food Group (NYSE:PFGC) were flat in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share increased 65.71% year over year to $0.58, which may not compare to the estimate of $0.21.Revenue of $7,001,000,000 higher by 49.31% from the same period last year, which missed the estimate of $7,230,000,000.Guidance Performance Food Group hasn't issued any earnings guidance for the time being.View more earnings on PFGCPerformance Food Group hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: May 04, 2020Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.pfgc.com%2Foverview%2Fdefault.aspx&eventid=2157465&sessionid=1&key=79C013CA897ECEF2F5B96507D90DA93D®Tag=&sourcepage=registerTechnicals Company's 52-week high was at $54.49Company's 52-week low was at $7.41Price action over last quarter: down 48.73%Company Profile Performance Food Group is the third-largest U.S. food-service distributor, with 7% market share and a heavy presence along the Eastern seaboard, the Southeast, and the Midwest. PFG's food-service business (69% of pro forma sales) has its largest exposure to national and regional restaurant chains (52% of segment revenue), followed by independent restaurants (27%), and other channels (20%) such as retail, hospitality, and education. The firm's Vistar segment (31% of pro forma sales) is a national distributor of candy, snacks, and beverages to vending and office coffee service distributors, convenience stores, theaters, sporting arenas, and correctional facilities.See more from Benzinga * Mercury General: Q1 Earnings Insights * Recap: DSP Group Q1 Earnings * Recap: Ceragon Networks Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • MarketWatch

    Performance Food's stock gains after adjusted profit beat expectations, while revenue missed

    Shares of Performance Food Group Co. rose 2.2% in premarket trading Monday, after the foodservice distribution company reported a fiscal third-quarter adjusted profit that was well above expectations, although revenue came up short of forecasts amid the negative effects of the coronavirus pandemic. The company swung to a net loss of $40.2 million, or 35 cents a share, from net income of $32.3 million, or 31 cents a share, in the year-ago period. Excluding non-recurring items, such as the amortization of assets and acquisition-related charges, adjusted earning per share came to 58 cents, above the FactSet consensus of 22 cents. Sales rose 49% to $7.00 billion, primarily because of the acquisitions of Eby-Brown Co. and Reinhart Foodservice, but was below the FactSet consensus of $7.20 billion. Case volume rose 26.4%; excluding Reinhart, independent cases fell 2.7%. Among actions taken as a result of the coronavirus pandemic, the company has furloughed 3,500 employees, deferred 25% of senior management's base salaries, discontinues share repurchases, raised $349 million in the equity markets and $275 million in the fixed income markets and drew $400 million from its $3.0 billion credit facility. The stock has tumbled 48.5% over the past three months through Friday, while the S&P 500 has lost 14.2%.

  • Performance Food Group Company Reports Third-Quarter and First-Nine Months Fiscal 2020 Results
    Business Wire

    Performance Food Group Company Reports Third-Quarter and First-Nine Months Fiscal 2020 Results

    Performance Food Group Company reports third-quarter and first-nine months fiscal 2020 results.

  • Moody's

    Performance Food Group, Inc. -- Moody's announces completion of a periodic review of ratings of Performance Food Group, Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Performance Food Group, Inc. New York, April 28, 2020 -- 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.

  • Performance Food Group Company to Host Webcast of Third-Quarter Fiscal 2020 Results
    Business Wire

    Performance Food Group Company to Host Webcast of Third-Quarter Fiscal 2020 Results

    Performance Food Group Company to host webcast of third-quarter fiscal 2020 results.

  • Moody's

    Sage Borrowco, LLC -- Moody's announces completion of a periodic review of ratings of Sage Borrowco, LLC

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sage Borrowco, LLC 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. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.

  • Implied Volatility Surging for Performance Food (PFGC) Stock Options
    Zacks

    Implied Volatility Surging for Performance Food (PFGC) Stock Options

    Investors need to pay close attention to Performance Food (PFGC) stock based on the movements in the options market lately.

  • Performance Food Group Company Announces Upsizing and Pricing of Offering of $275 Million of 6.875% Senior Notes due 2025
    Business Wire

    Performance Food Group Company Announces Upsizing and Pricing of Offering of $275 Million of 6.875% Senior Notes due 2025

    Performance Food Group Company announces upsizing and pricing of offering of $275 million of 6.875% senior notes due 2025.

  • Moody's

    Performance Food Group, Inc. -- Moody's downgrades Performance Food Group's CFR to Ba3; outlook negative

    The company's Speculative Grade Liquidity Rating is SGL-2. Moody's also assigned a B2 rating to the proposed senior unsecured notes. "Performance Food Group has taken decisive action to enhance its liquidity with the completion of a $300 million common equity offering ($349 million with the over-allotment) as it navigates the unprecedented disruption facing its customers caused by COVID-19", said Vice President Christina Boni.

  • MarketWatch

    Performance Food to offer $250 million of senior notes that mature in 2025

    Performance Food Group Co. said Tuesday it is launching an offering of $250 million of senior notes that mature in 2025. The company will use the proceeds for working capital and general corporate purposes. Shares were down 1.6% premarket and have fallen 63% in the year to date, while the S&P 500 has fallen 13%.

  • Performance Food Group Company Announces Intention to Offer $250 Million of Senior Notes
    Business Wire

    Performance Food Group Company Announces Intention to Offer $250 Million of Senior Notes

    Performance Food Group Company announces the intention to offer $250 million of senior notes.

  • Performance Food (PFGC) Surges: Stock Moves 6.8%
    Zacks

    Performance Food (PFGC) Surges: Stock Moves 6.8%

    Performance Food (PFGC) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

  • Performance Food Group Company Announces Upsizing and Pricing of Public Offering of 13,500,000 Shares of Common Stock
    Business Wire

    Performance Food Group Company Announces Upsizing and Pricing of Public Offering of 13,500,000 Shares of Common Stock

    Performance Food Group Company announces upsizing and pricing of public offering of 13,500,000 shares of common stock.

  • Performance Food Group Company Announces Public Offering of 11,500,000 Shares of Common Stock
    Business Wire

    Performance Food Group Company Announces Public Offering of 11,500,000 Shares of Common Stock

    Performance Food Group Company ("PFG" or the "Company") (NYSE: PFGC) announced today that it has commenced a public offering of an aggregate of 11,500,000 shares of its common stock in an underwritten registered public offering. The underwriters are expected to be granted a 30-day option to purchase up to an additional 1,725,000 shares of the Company’s common stock.

  • TheStreet.com

    Performance Food Furloughs 3,000, Cuts Salaries and Suspends Buybacks

    Performance Food furloughed 3,000 staffers and is cutting salaries and suspending stock buybacks. And it further cut capital spending, all in response to the coronavirus pandemic.

  • Performance Food furloughs 3,000 employees as coronavirus takes toll
    Reuters

    Performance Food furloughs 3,000 employees as coronavirus takes toll

    Performance Food Group has about 100 distribution centers across the country and caters to independent and chain restaurants, theaters, convenience stores as well as retailers. Customers include Dollar Tree and Home Depot as well as theater chains AMC, Cinemark and Regal Cinemas, which have temporarily closed movie houses to prevent the spread of the COVID-19 disease caused by the virus.

  • MarketWatch

    Performance Food has furloughed about 3,000 employees, suspended stock buybacks

    Performance Food Group Co. said Monday that it has furloughed about 3,000 employees across the company, in response to the negative affect the COVID-19 pandemic has had on its business. The foodservice company said it has also suspended stock repurchases, further reduced capital expenditures, has deferred 25% of senior management's base salaries and board of directors' cash fees from April 6 through the end of the year and has drawn $400 million from the $3.0 billion credit facility in an effort to "protect its long-term financial position." In addition, the company said it was adding agreements with 13 new retail partners, is now distributing groceries to about 1,000 grocery locations and is sharing over 1,100 employees to help keep grocery shelves stocked. The stock, which is still inactive in premarket trading, has tumbled 42.1% over the past three months, while the S&P 500 has lost 15.2%.

  • Performance Food Group Company Provides Update on Partnerships and Corporate Actions
    Business Wire

    Performance Food Group Company Provides Update on Partnerships and Corporate Actions

    Performance Food Group Company provides an update on partnerships and corporate actions.

  • MarketWatch

    Performance Food Group suspends stock buybacks, draws on its credit facility

    Performance Food Group Co. said Monday it is suspending its stock repurchase program, as part of measures taken to protect its financial position in light of the uncertainties related to the COVID-19 pandemic. The foodservice distribution company said it has bought back $5 million worth of its shares during its fiscal third quarter through March 23. The company said it is also drawing $400 million from its $3 billion credit facility and halting all non-essential capital expenditures. Over the past weeks, the comapny said it sighted agreementw with 10 new grocery retail partners, distributed groceries to about 480 new grocery locations and entered into new partnerships to support online ordering for its customers. The stock, which was still inactive in premarket trading, has lost 50% over the past three months, while the Dow Jones Industrial Average has declined 24%.

  • Performance Food Group Company Announces Partnerships and Corporate Actions
    Business Wire

    Performance Food Group Company Announces Partnerships and Corporate Actions

    Performance Food Group Company announces partnerships and corporate actions.

  • Hedge Funds Have Never Been This Bullish On Performance Food Group Company (PFGC)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Performance Food Group Company (PFGC)

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • C&S Wholesale Grocers and Performance Food Group Company Partner to Feed US Families
    PR Newswire

    C&S Wholesale Grocers and Performance Food Group Company Partner to Feed US Families

    C&S; Wholesale Grocers, Inc., the largest wholesale grocery supply company in the U.S., is partnering with Performance Food Group Company (PFG) (NYSE: PFGC) to keep grocery stores stocked and our communities fed while the country battles the coronavirus (COVID-19) pandemic. This dynamic partnership will enable C&S; to leverage PFG's workforce to help handle the extensive increases in food and product needs in local communities around the country.