Performance Food Group (NYSE:PFGC) Price Target Lowered to $120.00 at Morgan Stanley

Performance Food Group (NYSE:PFGC) had its target price reduced by research analysts at Morgan Stanley from $123.00 to $120.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the food distribution company’s stock. Morgan Stanley’s target price indicates a potential upside of 32.84% from the stock’s previous close.

Several other brokerages have also commented on PFGC. Barclays dropped their price target on Performance Food Group from $120.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a report on Monday, December 29th. Citigroup dropped their price objective on shares of Performance Food Group from $134.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Piper Sandler decreased their price target on shares of Performance Food Group from $116.00 to $111.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. Finally, Sanford C. Bernstein assumed coverage on Performance Food Group in a research note on Wednesday, October 22nd. They set an “outperform” rating and a $130.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.56.

Performance Food Group Trading Up 0.5%

Shares of Performance Food Group stock traded up $0.48 during mid-day trading on Thursday, hitting $90.34. 944,348 shares of the stock were exchanged, compared to its average volume of 2,810,897. Performance Food Group has a twelve month low of $68.39 and a twelve month high of $109.05. The company has a 50-day simple moving average of $93.11 and a 200 day simple moving average of $97.88. The company has a current ratio of 1.67, a quick ratio of 0.70 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 43.40, a price-to-earnings-growth ratio of 1.17 and a beta of 0.93.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, February 4th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.09). Performance Food Group had a return on equity of 15.97% and a net margin of 0.50%.The company had revenue of $16.44 billion for the quarter, compared to analysts’ expectations of $16.54 billion. During the same period in the prior year, the business earned $0.98 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts forecast that Performance Food Group will post 4.58 EPS for the current year.

Hedge Funds Weigh In On Performance Food Group

A number of hedge funds have recently modified their holdings of PFGC. Capital World Investors raised its holdings in Performance Food Group by 0.8% during the 3rd quarter. Capital World Investors now owns 22,446,853 shares of the food distribution company’s stock worth $2,335,371,000 after buying an additional 185,624 shares during the period. Wellington Management Group LLP raised its holdings in shares of Performance Food Group by 46.2% during the third quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock valued at $646,447,000 after acquiring an additional 1,964,799 shares during the period. Holocene Advisors LP lifted its position in shares of Performance Food Group by 8.6% in the 2nd quarter. Holocene Advisors LP now owns 3,078,977 shares of the food distribution company’s stock valued at $269,318,000 after acquiring an additional 244,793 shares in the last quarter. Invesco Ltd. boosted its stake in Performance Food Group by 79.1% in the 3rd quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock worth $275,400,000 after purchasing an additional 1,168,869 shares during the period. Finally, Primecap Management Co. CA grew its position in Performance Food Group by 22.1% during the 2nd quarter. Primecap Management Co. CA now owns 2,571,507 shares of the food distribution company’s stock worth $224,930,000 after purchasing an additional 465,807 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

More Performance Food Group News

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: Management reiterated an aggressive long‑term growth plan — a $73B–$75B sales target by 2028 and a stated willingness to use M&A to reach that scale. If executed well, this supports higher market share and long‑term revenue upside. Performance Food Group signals $73B–$75B sales target by 2028 as CEO transition shapes M&A, margin strategies
• Neutral Sentiment: Top‑line growth remains intact: Q2 revenue rose ~5.2% YoY to $16.44B, indicating demand and scale trends are continuing even as margin pressure persists. This supports the company’s growth story but doesn’t offset near‑term profitability concerns. Performance Food: Fiscal Q2 Earnings Snapshot
• Negative Sentiment: Earnings miss and below‑estimate revenue: PFGC reported $0.98 EPS vs. $1.07 expected and revenue of $16.44B vs. ~$16.54B consensus. The miss and weak margins (net margin ~0.5%) are the immediate catalysts for selling pressure. Performance Food Group earnings release / transcript
• Negative Sentiment: Guidance came in at or slightly below Street expectations: Q3 revenue guided to roughly $16.0–$16.3B and FY revenue to ~$67.3–$68.3B (vs. consensus near $67.8B). That leaves limited upside in near‑term estimates and reinforces the cautious tone. Performance Food Group Co (PFGC) Q2 2026 Earnings Call Highlights
• Negative Sentiment: Leadership transition increases execution risk: commentary around a CEO transition and evolving margin/M&A strategy introduces short‑term uncertainty about execution and cadence of cost/margin improvements. Performance Food Group Q2 2026 Earnings Call Transcript

Performance Food Group Company Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.