Performance Food Group (NYSE:PFGC) Shares Gap Down After Earnings Miss

Performance Food Group Company (NYSE:PFGC)’s stock price gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $97.09, but opened at $87.59. Performance Food Group shares last traded at $83.90, with a volume of 877,961 shares trading hands.

The food distribution company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.09). The company had revenue of $16.44 billion for the quarter, compared to analyst estimates of $16.54 billion. Performance Food Group had a return on equity of 15.97% and a net margin of 0.50%.Performance Food Group’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 earnings per share.

Performance Food Group News Summary

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

• Positive Sentiment: Top-line growth: revenue rose about 5.2% year-over-year, showing demand resilience across the distribution network — an encouraging sign for long-term revenue momentum. Performance Food: Fiscal Q2 Earnings Snapshot
• Positive Sentiment: Long-term growth target: management signaled an ambitious $73B–$75B sales target by 2028 and is positioning M&A and margin initiatives around a CEO transition — a potential upside catalyst if execution and accretive deals materialize. Performance Food Group signals $73B–$75B sales target by 2028 as CEO transition shapes M&A, margin strategies
• Neutral Sentiment: Full earnings materials and call transcripts are available for investors who want detail on channel mix, margin drivers and cadence of the M&A plan — useful for modeling but not immediately market-moving beyond the guidance/earnings headlines. Performance Food Group (PFGC) Earnings Transcript
• Neutral Sentiment: Analyst write-ups and comparisons to estimates provide context on key metrics (gross margin, SG&A, working capital) for refining models. Performance Food (PFGC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
• Negative Sentiment: EPS miss: reported $0.98 EPS vs. consensus $1.07 — the earnings shortfall is the primary near-term driver of the selloff. Performance Food: Fiscal Q2 Earnings Snapshot
• Negative Sentiment: Guidance slightly soft: Q3 revenue guidance was set at $16.0B–$16.3B (vs. ~$16.3B consensus) and FY revenue guidance of $67.3B–$68.3B sits near but a touch below consensus — investors interpret this as uncertainty around near-term growth and margins. Performance Food Group Co (PFGC) Q2 2026 Earnings Call Highlights: Strong Sales Growth Amid …
• Negative Sentiment: Market reaction and volume: heavy trading and negative headlines (coverage calling the drop a “nosedive”) reflect investor concern about execution risk around M&A, margins and leadership change. Why Performance Food Group (PFGC) stock is nosediving

Analysts Set New Price Targets

Several brokerages have recently commented on PFGC. Piper Sandler decreased their target price on 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. Morgan Stanley set a $123.00 price target on Performance Food Group in a research report on Tuesday, January 20th. Barclays decreased their price objective on shares of Performance Food Group from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Sanford C. Bernstein started coverage on shares of Performance Food Group in a research note on Wednesday, October 22nd. They set an “outperform” rating and a $130.00 target price for the company. Finally, Citigroup dropped their target price on shares of Performance Food Group from $134.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 7th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Performance Food Group has a consensus rating of “Moderate Buy” and an average price target of $118.22.

Institutional Trading of Performance Food Group

Large investors have recently modified their holdings of the company. Parkside Financial Bank & Trust grew its position in Performance Food Group by 51.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock worth $32,000 after purchasing an additional 123 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Performance Food Group during the third quarter worth approximately $39,000. AlphaQuest LLC grew its holdings in Performance Food Group by 658.0% in the 2nd quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock worth $33,000 after buying an additional 329 shares in the last quarter. Torren Management LLC acquired a new stake in Performance Food Group in the 4th quarter valued at approximately $41,000. Finally, Eastern Bank bought a new stake in Performance Food Group during the 3rd quarter valued at $47,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Stock Down 6.9%

The company has a market cap of $14.18 billion, a price-to-earnings ratio of 43.47, a price-to-earnings-growth ratio of 1.17 and a beta of 0.93. The stock 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.

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.