Analysts Forecast 10% Gains Ahead For JHML
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
0mins
Should l Buy PFGC?
Source: NASDAQ.COM
ETF Analysis: The John Hancock Multifactor Large Cap ETF (JHML) has an implied analyst target price of $79.47, indicating a potential upside of 9.59% from its current trading price of $72.52.
Stock Performance Insights: Notable underlying holdings such as Royal Gold Inc, Globus Medical Inc, and Performance Food Group Co show significant upside potential based on analysts' target prices, raising questions about the validity and optimism of these targets.
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Analyst Views on PFGC
Wall Street analysts forecast PFGC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PFGC is 119.13 USD with a low forecast of 105.00 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 94.400
Low
105.00
Averages
119.13
High
130.00
Current: 94.400
Low
105.00
Averages
119.13
High
130.00
About PFGC
Performance Food Group Company, through its subsidiaries, markets and distributes primarily national and Company-branded food and food-related products to customer locations across North America. The Company operates through three segments: Foodservice, Convenience, and Specialty. Its Foodservice segment distributes a line of national brands, customer brands, and its proprietary-branded food and food-related products to independent and multi-unit chain restaurants and other institutions. The Specialty segment specializes in distributing candy, snacks, beverages, and other items nationally to vending, office coffee service, theater, retail, hospitality, and other channels. The Convenience segment distributes candy, snacks, beverages, cigarettes, other tobacco products, food and foodservice related products, and other items to convenience stores across North America. It markets and distributes over 300,000 food and food-related products to customers across the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PFG Plans to Offer $1.06 Billion Senior Notes
- Financing Plan: Performance Food Group Company intends to offer $1.06 billion in Senior Notes due 2034, aiming to optimize its capital structure and reduce financial costs, thereby enhancing the company's financial flexibility.
- Debt Replacement: The net proceeds from this offering will be used to redeem the outstanding 5.500% Senior Notes due 2027, which is expected to decrease future interest expenses and further improve the company's profitability and cash flow management.
- Market Positioning: As one of the largest food and foodservice distribution companies in North America with over 150 distribution centers, this financing is anticipated to support PFG's continued business expansion and market share growth in a highly competitive environment.
- Compliance Statement: The notes will be offered in accordance with securities laws, exclusively to qualified institutional buyers and non-U.S. persons, ensuring compliance and reducing legal risks, which will further strengthen investor confidence.
See More
Performance Food Group Plans $1.06B Senior Notes Offering
- Financing Plan: Performance Food Group announced that its wholly owned subsidiary intends to offer $1.06 billion in senior notes due 2034, aiming to optimize its capital structure and reduce financing costs through this initiative.
- Debt Replacement: The net proceeds from this offering will be used, along with borrowings under its revolving credit facility, to redeem all outstanding 5.500% senior notes due 2027, thereby reducing future interest burdens and improving financial flexibility.
- Guarantee Arrangement: The new notes will be guaranteed by PFGC and its existing and future material wholly owned domestic restricted subsidiaries, enhancing investor confidence in the notes and mitigating risk.
- Market Reaction: Following the announcement, Performance Food Group's shares rose by 4.75%, reflecting the market's positive perception of the company's financing strategy and recognition of its future growth potential.
See More
PFGC Plans to Offer $1.06 Billion Senior Notes
- Financing Plan: Performance Food Group, Inc. announced its intention to offer $1.06 billion in senior notes due 2034, aiming to optimize its capital structure and reduce financing costs through this initiative.
- Debt Replacement: The net proceeds from this offering will be used, along with borrowings from its revolving credit facility, to redeem all outstanding 5.5% senior notes due 2027, which is expected to decrease future interest expenses and improve the company's financial health.
- Company Guarantee: The new notes will be guaranteed by the parent company, Performance Food Group Company, and each of its existing and future material subsidiaries, enhancing investor confidence in the notes and reducing risk.
- Stock Performance: On the day prior to the announcement, PFGC shares closed at $94.40 on the New York Stock Exchange, reflecting a 4.75% increase, indicating a positive market reaction to the company's financing plans.
See More
Performance Food Group Q2 2026 Earnings Call Insights
- Leadership Transition: CEO Scott McPherson paid tribute to former CEO George Holm during the earnings call, emphasizing Holm's crucial role in pursuing strategic M&A opportunities, indicating that the company will maintain strategic consistency amid leadership changes.
- Strong Financial Performance: The company reported a net income of $61.7 million for Q2 2026, a 45.5% year-over-year increase, with adjusted EBITDA rising 6.7% to $451 million, demonstrating the company's ability to achieve profit growth despite a challenging macro environment.
- Sales Growth Outlook: Updated guidance for Q3 2026 expects net sales between $16 billion and $16.3 billion, with adjusted EBITDA in the range of $390 million to $410 million, reflecting a cautiously optimistic view of future market conditions.
- Integration Challenges and Opportunities: While the integration costs from the Cheney Brothers acquisition pose near-term pressure on EBITDA, management reiterated that most synergies are expected to materialize in years two and three post-acquisition, indicating confidence in long-term growth prospects.
See More
Performance Food Group Reports Increased Q2 Earnings
- Earnings Growth: Performance Food Group reported a second-quarter profit of $61.7 million, translating to $0.39 per share, which marks a significant increase from last year's $42.4 million and $0.27 per share, indicating enhanced profitability.
- Adjusted Earnings: Excluding certain items, the company reported adjusted earnings of $0.98 per share, demonstrating strong core business performance and boosting investor confidence in future growth prospects.
- Revenue Increase: The company's revenue rose by 5.2% year-over-year to $16.444 billion, up from $15.638 billion last year, reflecting improved competitiveness and sales capabilities in the market.
- Market Outlook: With both revenue and earnings growth, Performance Food Group solidifies its market position in the food distribution industry, which is expected to attract more investor attention towards its future expansion and development potential.
See More
Performance Food Group Q2 Earnings Miss Expectations
- Earnings Miss: Performance Food Group reported a Q2 Non-GAAP EPS of $0.98, missing expectations by $0.11, indicating pressure on profitability that could undermine investor confidence.
- Revenue Growth Weakness: The company posted revenues of $16.4 billion, a 5.1% year-over-year increase, yet fell short of expectations by $110 million, reflecting the impact of intensified market competition and rising costs on sales.
- Cautious Future Outlook: For Q3 of fiscal 2026, PFG expects net sales to range between $16.0 billion and $16.3 billion, demonstrating a cautious approach to future growth that may affect shareholder confidence.
- EBITDA Guidance Downgrade: PFG has revised its full fiscal year 2026 Adjusted EBITDA expectations to a range of $1.875 billion to $1.975 billion, down from the previous $1.9 billion to $2.0 billion, indicating increasing challenges in maintaining profitability.
See More
PFG Plans to Offer $1.06 Billion Senior Notes
- Financing Plan: Performance Food Group Company intends to offer $1.06 billion in Senior Notes due 2034, aiming to optimize its capital structure and reduce financial costs, thereby enhancing the company's financial flexibility.
- Debt Replacement: The net proceeds from this offering will be used to redeem the outstanding 5.500% Senior Notes due 2027, which is expected to decrease future interest expenses and further improve the company's profitability and cash flow management.
- Market Positioning: As one of the largest food and foodservice distribution companies in North America with over 150 distribution centers, this financing is anticipated to support PFG's continued business expansion and market share growth in a highly competitive environment.
- Compliance Statement: The notes will be offered in accordance with securities laws, exclusively to qualified institutional buyers and non-U.S. persons, ensuring compliance and reducing legal risks, which will further strengthen investor confidence.
See More
Performance Food Group Plans $1.06B Senior Notes Offering
- Financing Plan: Performance Food Group announced that its wholly owned subsidiary intends to offer $1.06 billion in senior notes due 2034, aiming to optimize its capital structure and reduce financing costs through this initiative.
- Debt Replacement: The net proceeds from this offering will be used, along with borrowings under its revolving credit facility, to redeem all outstanding 5.500% senior notes due 2027, thereby reducing future interest burdens and improving financial flexibility.
- Guarantee Arrangement: The new notes will be guaranteed by PFGC and its existing and future material wholly owned domestic restricted subsidiaries, enhancing investor confidence in the notes and mitigating risk.
- Market Reaction: Following the announcement, Performance Food Group's shares rose by 4.75%, reflecting the market's positive perception of the company's financing strategy and recognition of its future growth potential.
See More
PFGC Plans to Offer $1.06 Billion Senior Notes
- Financing Plan: Performance Food Group, Inc. announced its intention to offer $1.06 billion in senior notes due 2034, aiming to optimize its capital structure and reduce financing costs through this initiative.
- Debt Replacement: The net proceeds from this offering will be used, along with borrowings from its revolving credit facility, to redeem all outstanding 5.5% senior notes due 2027, which is expected to decrease future interest expenses and improve the company's financial health.
- Company Guarantee: The new notes will be guaranteed by the parent company, Performance Food Group Company, and each of its existing and future material subsidiaries, enhancing investor confidence in the notes and reducing risk.
- Stock Performance: On the day prior to the announcement, PFGC shares closed at $94.40 on the New York Stock Exchange, reflecting a 4.75% increase, indicating a positive market reaction to the company's financing plans.
See More
Performance Food Group Q2 2026 Earnings Call Insights
- Leadership Transition: CEO Scott McPherson paid tribute to former CEO George Holm during the earnings call, emphasizing Holm's crucial role in pursuing strategic M&A opportunities, indicating that the company will maintain strategic consistency amid leadership changes.
- Strong Financial Performance: The company reported a net income of $61.7 million for Q2 2026, a 45.5% year-over-year increase, with adjusted EBITDA rising 6.7% to $451 million, demonstrating the company's ability to achieve profit growth despite a challenging macro environment.
- Sales Growth Outlook: Updated guidance for Q3 2026 expects net sales between $16 billion and $16.3 billion, with adjusted EBITDA in the range of $390 million to $410 million, reflecting a cautiously optimistic view of future market conditions.
- Integration Challenges and Opportunities: While the integration costs from the Cheney Brothers acquisition pose near-term pressure on EBITDA, management reiterated that most synergies are expected to materialize in years two and three post-acquisition, indicating confidence in long-term growth prospects.
See More
Performance Food Group Reports Increased Q2 Earnings
- Earnings Growth: Performance Food Group reported a second-quarter profit of $61.7 million, translating to $0.39 per share, which marks a significant increase from last year's $42.4 million and $0.27 per share, indicating enhanced profitability.
- Adjusted Earnings: Excluding certain items, the company reported adjusted earnings of $0.98 per share, demonstrating strong core business performance and boosting investor confidence in future growth prospects.
- Revenue Increase: The company's revenue rose by 5.2% year-over-year to $16.444 billion, up from $15.638 billion last year, reflecting improved competitiveness and sales capabilities in the market.
- Market Outlook: With both revenue and earnings growth, Performance Food Group solidifies its market position in the food distribution industry, which is expected to attract more investor attention towards its future expansion and development potential.
See More
Performance Food Group Q2 Earnings Miss Expectations
- Earnings Miss: Performance Food Group reported a Q2 Non-GAAP EPS of $0.98, missing expectations by $0.11, indicating pressure on profitability that could undermine investor confidence.
- Revenue Growth Weakness: The company posted revenues of $16.4 billion, a 5.1% year-over-year increase, yet fell short of expectations by $110 million, reflecting the impact of intensified market competition and rising costs on sales.
- Cautious Future Outlook: For Q3 of fiscal 2026, PFG expects net sales to range between $16.0 billion and $16.3 billion, demonstrating a cautious approach to future growth that may affect shareholder confidence.
- EBITDA Guidance Downgrade: PFG has revised its full fiscal year 2026 Adjusted EBITDA expectations to a range of $1.875 billion to $1.975 billion, down from the previous $1.9 billion to $2.0 billion, indicating increasing challenges in maintaining profitability.
See More
