TD Cowen Cuts Performance Food (PFGC) Price Target to $110
TD Cowen has reiterated its Buy rating on Performance Food Group Company, lowering the target price to $110, a 13.40% upside from the current price.
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TD Cowen cut its price target on Performance Food Group Company ($PFGC) to $110 from $115 on October 15, 2026, and rates the stock "Buy".
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
- TD Cowen maintains a Buy rating on Performance Food Group Company (PFGC) with a new target price of $110, down from $115.
- TD Cowen's $110 price target implies 13.40% upside from Performance Food Group Company's ($PFGC) current $97 share price.
- Shares of Performance Food Group closed at $97.0, indicating a significant gap from the revised target price.
- In recent analyst activity, other firms like Morgan Stanley and Citigroup have also maintained positive ratings on the stock.
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TD Cowen has reiterated its Buy rating on Performance Food Group Company (PFGC) with a revised price target of $110, down from $115. This update comes on October 15, 2026, as part of the firm's regular analysis of market conditions and company performance. Shares are currently trading at $97.0.
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Other Institutional Activity in Performance Food Group Company
Several other institutional investors have updated their positions in Performance Food Group as of June 30, 2026. Capital World Investors grew its holdings by 317,815 shares, totaling approximately 23.3 million shares valued at $2.27 billion. FMR, LLC added 247,948 shares, bringing its total to about 12 million shares worth roughly $1.16 billion. Meanwhile, BlackRock Inc. increased its stake by 43,595 shares, resulting in a total of approximately 14.1 million shares valued at $1.37 billion. However, JPMorgan Chase & Co. trimmed its holdings by 757,029 shares, ending with about 6.9 million shares valued at around $665.2 million.
Performance Food Group Company Stock Up 5.5%
Performance Food Group shares are currently trading at $97.0, well below the 52-week high of $117.47, indicating a potential buying opportunity for investors looking at its long-term growth. The stock shows a P/E ratio of 40.35, which suggests it is trading at a premium compared to its earnings. The company's market cap stands at about $14.5 billion.
$PFGC price target
Performance Food Group Company daily closes and this analyst's $110 target. Not advice.
Recent Earnings
In its latest earnings report, Performance Food Group posted revenue of approximately $64.3 billion, reflecting a revenue growth of 7.3%. The company has an EPS of $2.29 and a net margin of 0.558%. Its next earnings report is expected on November 4, 2026.
Insider Buying and Selling at Performance Food Group Company
Recent insider transactions include multiple sales. Chasity D. Grosh, an officer, sold 1,005 shares at an average price of $92.4 on September 30, 2026, with a total value of about $92,862. Chief Financial Officer Hugh Patrick Hatcher sold 3,000 shares on September 1, 2026, valued at $297,539. Donald S. Bulmer, the Chief Technology Officer, sold 11,888 shares on August 25, 2026, for a total value of approximately $1.26 million. Erika T. Davis, another officer, sold 1,320 shares on August 25, 2026, totaling about $138,983.
Analysts Set New Price Targets
On October 15, 2026, Morgan Stanley maintained an Overweight rating with a price target of $136.0, up from $131.0. Citigroup also kept a Buy rating and raised its target to $144.0 from $143.0 on August 13, 2026. The consensus among analysts is a strong Buy recommendation with a mean target price of $123.23, based on 13 analyst opinions.
About Performance Food Group Company
Performance Food Group Company distributes food and food-related products in North America through its subsidiaries. The company operates in three segments: Foodservice, Convenience, and Specialty. This diverse business model helps it meet various consumer needs, contributing to its steady revenue growth.
Bottom Line
Investors should watch for Performance Food Group's next earnings call on November 4, 2026, to gauge its financial health further. The recent 13F filings provide insights into institutional positions as of June 30, 2026, and may not reflect current holdings. TD Cowen's reiterated Buy rating suggests confidence in the company's future prospects.
Related Filing Alerts
Source: TD Cowen's rating change on $PFGC (Oct 15, 2026). Written by software, not financial advice. How we make alerts