Performance Food Group (PFGC) Soars 3.32% on Share Buyback, Guidance

Performance Food Group Company (PFGC) shares surged 3.32% today, marking the third consecutive day of gains, with a cumulative increase of 6.34% over the past three days. The stock price reached its highest level since February 2025, with an intraday gain of 4.04%.

The strategy of buying PFGC shares after they reach a high and holding for 1 week resulted in a 21.09% return, significantly underperforming the benchmark's 86.09% return. The strategy's CAGR was 3.92%, with a maximum drawdown of -39.95% and a Sharpe ratio of 0.11, indicating it was riskier than the benchmark and delivered modest returns.

Performance Food Group Company (PFGC) recently hosted an Investor Day webcast, during which it reaffirmed its fiscal 2025 guidance and set ambitious three-year targets. The company also announced a new $500 million share repurchase program, signaling confidence in its future growth prospects. This initiative is expected to enhance shareholder value and potentially boost the stock price.

On May 27, 2025, PFGC authorized a new $500 million share repurchase program. Share buybacks are a common strategy used by companies to return capital to shareholders and can have a positive impact on the stock price by reducing the number of outstanding shares.

Citi analyst Karen Holthouse has reiterated a Buy rating for PFGC and set a price target of $121.00, indicating continued confidence from analysts in the company's potential upside.

In its latest financial report, PFGC reported an adjusted EPS of $0.79, which fell short of the projected $0.89, and revenue of $15.31 billion against a forecast of $15.35 billion. Despite missing these projections, the company reaffirmed its fiscal 2025 net sales outlook, which ranges between $63 billion and $63.5 billion, and adjusted EBITDA in the range of $1.725 billion to $1.75 billion.

PFGC reported 5% organic growth in independent restaurant case volume, driven by market share gains and improving consumer conditions. This indicates positive operational performance and suggests that the company is well-positioned to capitalize on favorable market trends.