Morgan Stanley Raises PFGC Price Target to $136
Morgan Stanley has reaffirmed its positive outlook on Performance Food Group, a 40.21% upside from the current price.
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Morgan Stanley raised its price target on Performance Food Group Company ($PFGC) to $136 from $131 on October 15, 2026, and rates the stock "Overweight".
Since the rating, $PFGC is up 0.5% to date (from the $97.31 close on Oct 15, 2026).
PFGC
Performance Food Group Company
Key Points
- Morgan Stanley reiterated its Overweight rating on Performance Food Group Company with a new price target of $136, up from $131.
- Morgan Stanley's $136 price target implies 40.21% upside from Performance Food Group Company's ($PFGC) current $97 share price.
- Shares of Performance Food Group traded at $97, significantly above the 52-week low of $80.82 but below the high of $117.47.
- Among analysts, the consensus rating remains a strong buy, with a mean target price of $123.23 based on 13 opinions.
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Morgan Stanley has reiterated its Overweight rating on Performance Food Group Company (PFGC) and raised the price target to $136 from a prior target of $131. This update came on October 15, 2026, when PFGC shares were trading at $97 on the NYSE.
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Other Institutional Activity in Performance Food Group
Several other institutional investors have adjusted their positions in Performance Food Group recently. Capital World Investors increased its stake by 317,815 shares, ending with 23,347,869 shares valued at about $2.27 billion. FMR, LLC also raised its holdings, adding 247,948 shares for a total of 11,999,042 shares worth approximately $1.16 billion. Meanwhile, BlackRock Inc. gained 43,595 shares, bringing its total to 14,106,656 shares valued at about $1.37 billion. Conversely, both Vanguard Portfolio Management LLC and JPMorgan Chase & Co. reduced their positions, with JPMorgan cutting 757,029 shares, now holding 6,851,303 shares worth around $665 million.
Performance Food Group Company Stock Up 5.5%
Performance Food Group's shares are trading well above their 52-week low of $80.82 but are currently below the 200-day moving average of about $96.93. The stock's recent performance came after strong results that likely influenced the analyst's view. The current price reflects investor sentiment that remains optimistic about the company's growth prospects despite the current trading level.
$PFGC price target
Performance Food Group Company daily closes and this analyst's $136 target. Not advice.
Recent Earnings
In its latest earnings report, Performance Food Group reported revenues of $64.34 billion, representing a 7.3% increase compared to the previous year. The company posted an EPS of $2.29, with a net margin of 0.558%. Looking ahead, Performance Food Group is set to announce its next earnings on November 4, 2026.
Insider Buying and Selling at Performance Food Group Company
Recent insider transactions showed several executives selling shares. Officer Chasity D. Grosh sold 1,005 shares on September 30, 2026, at an average price of $92.40, totaling $92,862. Chief Financial Officer Hugh Patrick Hatcher sold 3,000 shares on September 1, 2026, valued at approximately $297,539. Chief Technology Officer Donald S. Bulmer sold 11,888 shares on August 25, 2026, which amounted to about $1.26 million. Additionally, Officer Erika T. Davis sold 1,320 shares the same day for around $138,983.
Analysts Set New Price Targets
On October 15, 2026, Morgan Stanley maintained its Overweight rating on Performance Food Group and raised its price target to $136. At the same time, TD Cowen also maintained a Buy rating but lowered its target from $115 to $110. Other analysts, like Citigroup and UBS, continue to support the stock with price targets of $144 and $130, respectively, reflecting a consensus that remains positive.
About Performance Food Group
Performance Food Group Company, based in Richmond, VA, markets and distributes food and food-related products across North America. The company operates through three segments: Foodservice, Convenience, and Specialty. Its strong earnings growth and market position in the food distribution sector are likely key drivers behind the positive analyst outlook.
Bottom Line
Investors should keep an eye on the upcoming earnings release on November 4, 2026, as well as any further updates from analysts or institutional investors regarding their positions in Performance Food Group. Remember, this analyst rating and target reflect past performance and may not indicate future results.
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Source: Morgan Stanley's rating change on $PFGC (Oct 15, 2026). Written by software, not financial advice. How we make alerts