Performance Food Group Likely To Report Higher Q1 Revenue; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Performance Food Group Company PFGC is projected to release financial results for its first-quarter fiscal 2024, before the opening bell on Nov. 8, 2023.

Analysts expect the company to post quarterly earnings at $1.09 per share, up slightly from year-ago earnings of $1.08 per share. The company’s revenue might come in at $14.97 billion, compared to $14.42 billion in the year-ago period.

Performance Food Group reported fourth-quarter sales growth of 1.9% year-over-year to $14.87 billion, missing the consensus of $15.07 billion.

Performance Food Group shares fell 0.5% to close at $60.47 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Barclays analyst Jeffrey Bernstein maintained an Overweight rating and cut the price target from $76 to $66 on Oct. 23, 2023. This analyst has an accuracy rate of 67%.
• Deutsche Bank analyst Lauren Silberman initiated coverage on the stock with a Buy rating and a price target of $80 on Oct. 19, 2023. This analyst has an accuracy rate of 84%.
• Morgan Stanley analyst John Glass maintained an Equal-Weight rating and cut the price target from $66 to $65 on Oct. 16, 2023. This analyst has an accuracy rate of 68%.
• Jefferies analyst Chris Mandeville maintained a Buy rating and raised the price target from $73 to $77 on Aug. 17, 2023. This analyst has an accuracy rate of 66%.
• Stephens & Co. analyst Joshua Long maintained an Overweight rating and increased the price target from $68 to $75 on Aug. 17, 2023. This analyst has an accuracy rate of 63%.

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