Performance Food Group Co
PFGC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| C^n | LOCK|#p | LOCK|#P@Nq% |
Performance Food Group’s Revenue Continues to Rebound From the Pandemic, but Shares Look Rich
We plan to modestly increase our $39 fair value estimate for no-moat Performance Food Group, or PFG, after its fiscal second-quarter gross margin was a bit better than expected and as we reverse our prior assumption that the U.S. tax rate will increase in 2022. With the shares up 13% on the report, the stock looks rich, and we suggest investors instead consider 4-star US Foods.
