Should You Put Performance Food Group On Your Watchlist?

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When it comes to investing decisions, Performance Food ($NYSE:PFGC) Group (PFG) may be a stock worth considering. The company is a major distributor of food products in the United States and Canada, and their stock has had a strong performance over the past few years. With that in mind, the question becomes: Should Performance Food Group be added to your watchlist now? PFG’s products include national and regional brands of food and related products, as well as their own private label offerings. In addition to distributing food products, PFG also provides equipment and supplies to their customers. The company has consistently posted strong earnings results and seen steady demand for their products. Perhaps most notably, PFG recently announced a strategic partnership with Amazon that will allow them significantly expand their customer base. With this kind of positive momentum, it makes sense for investors to consider adding PFG to their watchlist. Ultimately, when it comes to investing decisions, everyone has to make up their own minds.

However, Performance Food Group is certainly a company worth considering, given their strong performance and potential for growth. With a strategic partnership with Amazon and a track record of positive financial results, PFG may be a stock worth keeping an eye on.

Market Price

When it comes to investing, it is prudent to put stocks on your watchlist that have potential for future growth. One such stock is Performance Food Group (PFG). On Friday, PFG opened at $69.3 and closed at $69.2, representing a 0.9% decrease from its previous closing price of $69.8. While the performance was not particularly encouraging, investors should still consider keeping PFG on their watchlist. The foodservice industry in which PFG operates is highly competitive, and the company’s performance reflects the overall sector trends.

Therefore, although there may be some short-term fluctuation in the stock prices, investors should be aware that there could be potential for long-term growth. Moreover, with the company’s focus on innovation and providing customers with differentiated products, PFG is well-positioned to capitalize on future opportunities and reap the benefits of any potential growth in the industry. Therefore, despite the recent dip in stock price, potential investors should still keep Performance Food Group on their watchlist and take into consideration any future developments that could influence its performance. 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

GoodWhale has conducted an analysis of PERFORMANCE FOOD‘s wellbeing. According to our Star Chart, PERFORMANCE FOOD is classified as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Such a profile may be attractive to investors seeking higher returns or those looking for an opportunity to capitalize on short-term growth potential. We find that PERFORMANCE FOOD is strong in growth, medium in asset, profitability and weak in dividend. Overall, our analysis finds that the company has a high health score of 8/10, considering its cashflows and debt. This suggests that PERFORMANCE FOOD is capable to safely ride out any crisis without the risk of bankruptcy. 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

Performance Food Group is a foodservice distribution company that provides a wide range of food and related products to restaurants, retailers, healthcare facilities, and other foodservice establishments.