These Analysts Increase Their Forecasts On Performance Food Group Following Strong Q2 Earnings

Core Insights - Performance Food Group Company (PFGC) reported better-than-expected fourth-quarter results, with adjusted earnings per share of $1.55, surpassing the analyst consensus estimate of $1.45. Quarterly sales reached $16.938 billion, exceeding the expected $16.860 billion, reflecting an 11.5% year-over-year increase [1]. Financial Performance - For the first quarter, Performance Food Group anticipates sales between $16.60 billion and $16.90 billion, slightly below the consensus estimate of $16.916 billion. The company projects adjusted EBITDA to be approximately $465 million to $485 million [2]. - For the full fiscal year 2026, the company expects net sales to range from $67 billion to $68 billion and adjusted EBITDA to be between $1.9 billion and $2.0 billion [2]. Stock Performance and Analyst Ratings - Following the earnings announcement, Performance Food Group shares fell by 0.7%, trading at $100.57 [3]. - Analysts have adjusted their price targets for Performance Food Group: Wells Fargo raised its target from $100 to $115, UBS increased its target from $110 to $120, and Barclays raised its target from $112 to $120, all maintaining positive ratings [8].