---
title: "Research Alert: CFRA Reiterates Buy Opinion On Shares Of Performance Food Group Company"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285597807.md"
description: "CFRA has reiterated its Buy opinion on Performance Food Group Company (PFGC) shares, raising the 12-month target price by $16 to $119. The FY 26 EPS estimate is increased to $4.59, while FY 27's is lowered to $4.84. Following strong Q3 results, CFRA believes PFGC is undervalued, with potential adj-EBITDA growth of 7% in FY 27. The company is navigating a challenging restaurant traffic environment effectively, with a 6.5% growth in independent restaurant organic case volume, supporting a positive revenue outlook."
datetime: "2026-05-07T18:05:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285597807.md)
  - [en](https://longbridge.com/en/news/285597807.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285597807.md)
---

# Research Alert: CFRA Reiterates Buy Opinion On Shares Of Performance Food Group Company

02:05 PM EDT, 05/07/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our 12-month target price by $16 to $119, based on a 10x EV/EBITDA multiple applied to our FY 27 (Jun.) adj-EBITDA estimate (rolled forward from 12x our FY 26 estimate). We raise our FY 26 EPS estimate to $4.59 from $4.57 and lower FY 27's to $4.84 from $6.05. Following strong Q3 results, we reiterate our Buy opinion on our belief that shares are undervalued considering the potential for adj-EBITDA to grow 7% in FY 27. The quarter demonstrated PFGC's ability to navigate a soft restaurant traffic environment through market share gains and favorable mix. Independent restaurant organic case volume grew 6.5%, with new account growth outpacing total case growth, a positive signal for revenue durability. The company's expanding independent restaurant customer base provides a structural tailwind to gross profit growth. We believe PFGC is well positioned to offset food cost inflation through pricing pass-through and continued mix improvement, supporting our outlook for mid-single-digit revenue growth in FY 27.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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