Performance Food Stock Fair Value – Guggenheim Suggests Performance Food Group May Name New CEO

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Guggenheim may be the chosen candidate to take on the role of CEO at Performance Food ($NYSE:PFGC) Group, a leading foodservice distributor that specializes in providing foodservice operators with quality products and superior customer service. Guggenheim’s expertise and extensive experience in managing large-scale businesses make them a strong contender for the role of CEO. If appointed, Guggenheim would be tasked with continuing to grow Performance Food Group, while ensuring that their customers have access to the highest quality products and services.

It would also be expected that Guggenheim would lead the company through any potential changes in the foodservice industry. The potential appointment of Guggenheim as the new CEO of Performance Food Group could be a major turning point for the company, as their leadership has the potential to push the company to even greater heights.

Share Price

On Tuesday, PERFORMANCE FOOD Group, a multinational foodservice distributor, saw its stock open at $67.4 and close at $68.8, up by 2.0% from its prior closing price of 67.4. This boost in the stock price came after Guggenheim suggested that the company may be in the process of naming a new CEO to replace its current chairman and chief executive officer, George Holm. However, the change in leadership may signal a new era for PERFORMANCE FOOD Group. It remains to be seen if the company will choose to focus on the same strategies that have been successful in the past or if it will take a more experimental approach to navigating the post-COVID world. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Performance Food. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Performance Food. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Performance Food. More…

Key Ratios Snapshot

Some of the financial key ratios for Performance Food are shown below. More…

Analysis – Performance Food Stock Fair Value

At GoodWhale, we have conducted an analysis of PERFORMANCE FOOD‘s wellbeing. After careful consideration, we have determined that the intrinsic value of PERFORMANCE FOOD’s stock is approximately $64.1, as calculated by our proprietary Valuation Line. This is just a bit higher than the current trading price of $68.8, meaning that the stock is being traded at a fair but slightly overvalued price of 7.3%. More…

Peers

The company operates through three segments: Performance Foodservice, PFG Customized, and Vistar. Performance Foodservice segment offers food and non-food products to independent restaurants, quick-service restaurants, caterers, and national restaurant chains. PFG Customized segment provides food and non-food products to customers who desire a customized distribution solution. Vistar segment supplies non-food products, equipment, and solutions to customers in the vending, office coffee service, theatre, and foodservice management industries.

– US Foods Holding Corp ($NYSE:USFD)

With a market capitalization of $6.66 billion as of 2022, US Foods Holding Corp is a publicly traded foodservice distributor. The company operates a network of nearly 300 distribution centers across the United States, serving more than 250,000 customers. US Foods Holding Corp also offers a variety of foodservice solutions, including custom-cut meat, seafood, and poultry; branded and private label products; and kitchen supplies and equipment. The company’s return on equity was 6.98% as of 2022.

– Sysco Corp ($NYSE:SYY)

Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of brands includesSysco, Brakes, FreshPoint and EFS. The company operates approximately 330 distribution facilities worldwide and serves more than 625,000 customer locations.

– Sligro Food Group NV ($LTS:0MKM)

Sligro Food Group is a Dutch food retailer and wholesaler. The company has a market cap of 662.56M as of 2022 and a return on equity of 8.07%. The company operates a chain of supermarkets and hypermarkets under the brand name “Sligro”.

Summary

Investors are closely watching Performance Food Group (PFG), as the company appears to be grooming Guggenheim, its current CFO, to become its next CEO. Going forward, investors will be keeping an eye on whether Guggenheim takes the helm as PFG’s next CEO, and how his potential leadership could affect the company’s future.