Performance Food Group Company (NYSE:PFGC) is one of the 11 Best Food Stocks to Buy According to Wall Street Analysts. On May 29, BMO Capital Markets maintained an “Outperform” rating on Performance Food Group Company (NYSE:PFGC) with a price target of $105.
BMO Capital’s analysts discussed important takeaways from the company’s Analyst Day. Performance Food Group Company has set high goals as it now aims for a compound annual growth rate of 10-13% in EBITDA over the next three years. This target exceeds earlier estimates. The growth is expected to come from improvements across the company’s business segments.
A friendly grocery store team stocking shelves with foodservice products.
The research firm did not change its projections for Performance Food Group Company for fiscal years 2025 and 2026. However, BMO Capital did raise its forecast for 2027 and 2028. The firm now expects EBITDA growth to 10% for 2027 and 2028. This is an increase from the previous estimate of 8%.
Performance Food Group Company is a leading food and foodservice distribution company in North America. The company markets and delivers food and related products to independent and chain restaurants, businesses, schools, healthcare facilities, vending and office coffee service distributors, big box retailers, theaters, and convenience stores.
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This article is originally published at Insider Monkey.