Berenberg initiated coverage on Performance Food Group with a new price target
$PFGC
Food Distributors
Consumer Discretionary
Berenberg initiated coverage of Performance Food Group with a rating of Buy and set a new price target of $71.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/28/2024 | $92.00 | Equal-Weight | Morgan Stanley |
| 11/21/2023 | $72.00 | Overweight | Piper Sandler |
| 10/19/2023 | $80.00 | Buy | Deutsche Bank |
| 6/20/2023 | $74.00 → $66.00 | Overweight → Equal-Weight | Morgan Stanley |
| 9/23/2022 | $60.00 | Overweight | Stephens |
| 5/18/2022 | $71.00 | Buy | Berenberg |
| 3/18/2022 | $62.00 | Buy | Deutsche Bank |
| 3/11/2022 | $60.00 | Buy | CL King |
Morgan Stanley analyst Brian Harbour maintains Performance Food Gr (NYSE:PFGC) with a Equal-Weight and lowers the price target from $80 to $76.
Performance Food Gr's (NYSE:PFGC) short percent of float has fallen 4.68% since its last report. The company recently reported that it has 1.96 million shares sold short, which is 1.63% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.53 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short in
Performance Food Gr's (NYSE:PFGC) short percent of float has risen 6.6% since its last report. The company recently reported that it has 1.36 million shares sold short, which is 1.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.17 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inte
Performance Food Group Company (PFG) (NYSE:PFGC) today announced it has appointed Danielle M. Brown to serve as an independent director on its Board of Directors, effective June 28, 2024. This appointment expands PFG's Board to 12 directors. The Board appointed Ms. Brown to serve as a member of the Company's Audit and Finance Committee and Technology and Cybersecurity Committee. Ms. Brown, 53, currently serves as Senior Vice President and Chief Information Officer (CIO) of Whirlpool Corporation's Global Information Technology function. Ms. Brown has been in information technology (IT) leadership for more than 20 years, including serving as CIO at Brunswick Corporation for four years pri
Dollar Tree, Inc. (NASDAQ:DLTR) today announced that Diane Randolph has been appointed as a new independent director to the Company's Board of Directors, effective August 15, 2023. Ms. Randolph served for more than 12 years as Chief Information Officer for two leading retail organizations, including Ulta Beauty (NASDAQ:ULTA) and Reitmans Canada Limited (TSXV:RET). In September 2021, Ms. Randolph joined the Board of Directors of Shoe Carnival (NASDAQ:SCVL), one of the largest family footwear retailers, and is a member of the Nominating & Governance and the Compensation Committees. In February 2022 she was named to the Board of Directors of Flexe, Inc., a venture-backed private company that
PHOENIX, March 30, 2022 (GLOBE NEWSWIRE) -- WillScot Mobile Mini Holdings Corp. ("WillScot Mobile Mini" or the "Company") (NASDAQ:WSC), the North American leader in innovative flexible workspace and portable storage solutions, today announced the appointment of Erika Davis to the WillScot Mobile Mini Board of Directors, effective April 1, 2022. "We are truly pleased to welcome Erika Davis to the WillScot Mobile Mini Board," said Erik Olsson, Chairman of WillScot Mobile Mini. "Ms. Davis' appointment supports the Company's commitment to enhance and diversify the skills, knowledge and expertise of its Board. She is a dynamic leader with vast experience driving customer-centric operational im
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Morgan Stanley resumed coverage of Performance Food Group with a rating of Equal-Weight and set a new price target of $92.00
Piper Sandler resumed coverage of Performance Food Group with a rating of Overweight and set a new price target of $72.00
Deutsche Bank initiated coverage of Performance Food Group with a rating of Buy and set a new price target of $80.00
Performance Food Group Company (PFG) (NYSE:PFGC) today announced that George Holm, PFG Chairman & Chief Executive Officer, and Patrick Hatcher, Executive Vice President & Chief Financial Officer will participate in the Barclays 10th Annual Eat, Sleep, Play, Shop Conference. PFG will webcast its fireside chat live on Thursday, December 5, 2024, at 11:15 a.m. ET. The live webcast will be available in listen-only mode on investors.pfgc.com. An archived replay 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 th
Performance Food Group migrates 100 percent of its fleet management business to Trimble Instinct, doubling Trimble-serviced trucks WESTMINSTER, Colo., Nov. 21, 2024 /PRNewswire/ -- Trimble® (NASDAQ:TRMB) announced today that Performance Food Group Company (PFG) (NYSE:PFGC), one of North America's largest food and foodservice distribution companies, has selected Trimble, as its premier fleet management provider — servicing 100 percent of PFG's fleet business and doubling the number of trucks managed with Trimble in-cab technology from 4,000 to more than 8,000. Trimble will pro
Performance Food Group Company (PFG) (NYSE:PFGC) today announced the launch of its latest product under its FarmSmart® brand – the Beef & Jackfruit Burger. This innovative blend combines the richness of premium beef with the clean, meat-like qualities of jackfruit, supplied by The Jackfruit Company, the leading plant-based meat alternative brand. The new product offers consumers a delicious way to enjoy the taste of meat while improving nutrition and reducing their environmental footprint. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241119576098/en/Performance Food Group's FarmSmart brand Beef & Jackfruit Burger. This innovat
Strong Net Sales and Independent Restaurant Case Volume Growth First-Quarter Fiscal 2025 Highlights Total case volume increased 2.6% Total Independent Foodservice case volume increased 7.8% Organic Independent Foodservice case volume increased 4.3% Net sales increased 3.2% to $15.4 billion Gross profit improved 6.1% to $1.8 billion Net income decreased 10.5% to $108.0 million Adjusted EBITDA increased 7.3% to $411.9 million1 Diluted Earnings Per Share ("EPS") decreased 10.4% to $0.69 Adjusted Diluted EPS increased 0.9% to $1.161 Operating Cash Flow of $53.5 million Performance Food Group Company ("PFG" or the "Company") (NYSE:PFGC) today announced its first-quarter fi
Performance Food Group Company (PFG) (NYSE:PFGC) today announced that it has completed the acquisition of Cheney Bros., Inc. ("Cheney Brothers"), a leading independent broadline foodservice distributor based in Riviera Beach, Florida. The acquisition creates a stronger presence in the Southeast region and provides additional distribution capacity. Cheney Brothers generates approximately $3.2 billion in annual revenue. The company has approximately 3,600 employees and operates five distribution centers in Florida and North Carolina. PFG continues to expect to generate approximately $50 million of annual run-rate cost synergies in the third full fiscal year following the closing of the transa
Performance Food Group Company ("PFG") (NYSE:PFGC) announced today that its indirect wholly-owned subsidiary, Performance Food Group, Inc. (the "Issuer"), priced its previously announced offering of $1.0 billion aggregate principal amount of 6.125% Senior Notes due 2032 (the "notes"). PFG anticipates that the consummation of the offering will occur on September 12, 2024, subject to customary closing conditions. PFG intends to use the net proceeds from the offering, together with borrowings under its revolving credit facility, to finance the cash consideration payable in connection with PFG's previously announced proposed acquisition of Cheney Bros, Inc. (the "Cheney Brothers Acquisition") a