Freestone Grove Partners LP Acquires Shares of 607,888 Performance Food Group Company $PFGC

Posted by Geri Gentry on Aug 27th, 2026

Freestone Grove Partners LP acquired a new stake in shares of Performance Food Group Company (NYSE:PFGC – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 607,888 shares of the food distribution company’s stock, valued at approximately $67,956,000.

Several other hedge funds have also recently modified their holdings of the stock. Man Group plc bought a new position in shares of Performance Food Group during the second quarter worth $6,563,000. Jupiter Topco LLC bought a new stake in Performance Food Group in the 2nd quarter valued at $7,863,000. Hsbc Holdings PLC purchased a new stake in Performance Food Group in the 2nd quarter worth $252,000. Primecap Management Co. CA purchased a new stake in Performance Food Group in the 2nd quarter worth $305,064,000. Finally, Palisade Capital Management LP bought a new position in shares of Performance Food Group during the 2nd quarter valued at about $13,742,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays raised their price objective on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Guggenheim boosted their target price on Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Morgan Stanley increased their price target on Performance Food Group from $120.00 to $131.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Citigroup raised their price target on Performance Food Group from $143.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, TD Cowen reduced their price objective on Performance Food Group from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.90.

Check Out Our Latest Stock Report on Performance Food Group

Key Headlines Impacting Performance Food Group

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

Positive Sentiment: Fiscal fourth-quarter sales increased 6.4% year over year to $18.03 billion, with total case volume up 3.5% and organic case volume up 1.8%. Net income rose 23.4% to $162.3 million, indicating that growth was supported by demand as well as pricing. Performance Food sales and earnings article
Positive Sentiment: Wall Street’s outlook remains constructive, with 11 analysts rating PFGC a Buy and two rating it a Hold. The consensus rating is “Moderate Buy,” with an average price target of $126.90, supported by recent target increases from several firms.
Neutral Sentiment: Institutional investors own approximately 96.9% of the stock, and several major funds recently increased or initiated positions. This may provide longer-term support, although the reported holdings changes do not necessarily indicate a near-term trading catalyst.
Neutral Sentiment: A board member recently resigned, but no reason was disclosed. Without additional details, the immediate effect on PFGC’s outlook is unclear. Performance Food Group board resignation
Negative Sentiment: Several insiders sold shares between August 20 and 25. Notable transactions included Donald S. Bulmer’s sale of 10,535 shares for approximately $1.12 million, alongside additional sales by A. Brent King, Erika T. Davis and Chasity Grosh. The concentrated selling may weigh on sentiment, even though insider sales can reflect personal or compensation-related decisions. Performance Food Group insider sales
Negative Sentiment: The latest quarter narrowly missed consensus expectations for both EPS and revenue. Product-cost inflation of approximately 4.7% also raises questions about how much sales growth reflects pricing rather than underlying demand. With PFGC trading below its 50-day moving average and at a relatively high earnings multiple, investors may be more sensitive to modest misses.

Insider Buying and Selling

In other Performance Food Group news, insider Donald S. Bulmer sold 10,535 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $105.90, for a total transaction of $1,115,656.50. Following the sale, the insider directly owned 54,291 shares of the company’s stock, valued at $5,749,416.90. The trade was a 16.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider A Brent King sold 8,023 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $104.21, for a total value of $836,076.83. Following the sale, the insider owned 47,800 shares in the company, valued at approximately $4,981,238. This trade represents a 14.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 60,391 shares of company stock worth $6,267,460. Corporate insiders own 4.50% of the company’s stock.

Performance Food Group Price Performance

PFGC stock opened at $102.50 on Thursday. Performance Food Group Company has a 52 week low of $80.82 and a 52 week high of $117.47. The firm has a market capitalization of $16.15 billion, a P/E ratio of 44.76, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The company has a fifty day simple moving average of $110.12 and a two-hundred day simple moving average of $98.52. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 1.34.

Performance Food Group (NYSE:PFGC – Get Free Report) last posted its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). The business had revenue of $18.03 billion during the quarter, compared to the consensus estimate of $18.11 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. Analysts anticipate that Performance Food Group Company will post 5.58 earnings per share for the current fiscal year.

About Performance Food Group

(Free Report)

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.