5 Best Food Stocks To Buy Now

Page 1 of 5

In this article, we discuss the 5 best food stocks to buy now. If you want to see more stocks in this selection, check out 12 Best Food Stocks To Buy Now.

05. Performance Food Group Company (NYSE:PFGC)

Number of Hedge Fund Holders: 37

Performance Food Group Company (NYSE:PFGC) was established in 1885 and is based in Richmond, Virginia. Through its subsidiaries, Performance Food Group Company (NYSE:PFGC) sells and distributes food and food-related goods in the US.

On September 22, Performance Food Group Company (NYSE:PFGC) was given initial coverage by Stephens analyst Joshua Long with an Overweight rating and a $60 price target. According to Long, who considers Performance Food Group Company (NYSE:PFGC) to be in a good position to take advantage of its size and scale to boost operational performance, the company is “a compelling growth story within the foodservice distribution industry.”

Hedge fund sentiment around Performance Food Group Company (NYSE:PFGC) has increased in the second quarter of 2022, with 37 hedge funds long the stock, compared to 29 in Q1 2022.

Here is what ClearBridge Investments Select Strategy has to say about Performance Food Group Company (NYSE:PFGC) in its Q4 2021 investor letter:

“Performance Food Group is another example of a quality franchise bought during a depressing period for the foodservice industry that has flexed its balance sheet to make acquisitions of weaker players and continues to consolidate its leading market share.”

Page 1 of 5