US Foods (NYSE:USFD) Price Target Raised to $74.00

US Foods (NYSE:USFD) had its target price upped by equities research analysts at Truist Financial from $66.00 to $74.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 9.19% from the stock’s current price.

A number of other brokerages also recently weighed in on USFD. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Jefferies Financial Group upped their price target on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. upped their price target on shares of US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company upped their price objective on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, US Foods presently has an average rating of “Buy” and an average target price of $67.55.

US Foods Price Performance

USFD traded up $1.21 on Friday, reaching $67.77. The company had a trading volume of 191,400 shares, compared to its average volume of 1,799,770. The company has a fifty day moving average of $61.07 and a 200-day moving average of $56.09. The company has a market capitalization of $16.57 billion, a P/E ratio of 32.16, a PEG ratio of 1.08 and a beta of 1.66. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. US Foods has a one year low of $40.23 and a one year high of $67.77.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The company had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the prior year, the company earned $0.73 EPS. US Foods’s revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that US Foods will post 2.9 earnings per share for the current year.

Insider Buying and Selling at US Foods

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the transaction, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Institutional Trading of US Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USFD. Massachusetts Financial Services Co. MA grew its position in shares of US Foods by 46.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock worth $347,069,000 after buying an additional 2,064,321 shares during the period. Congress Asset Management Co. acquired a new position in shares of US Foods during the 3rd quarter worth about $121,196,000. Interval Partners LP grew its position in shares of US Foods by 371.2% during the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock worth $98,905,000 after buying an additional 1,470,630 shares during the period. Vanguard Group Inc. grew its position in shares of US Foods by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock worth $1,242,336,000 after buying an additional 796,434 shares during the period. Finally, Ensign Peak Advisors Inc grew its position in shares of US Foods by 175.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company’s stock worth $57,764,000 after buying an additional 694,999 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

About US Foods

US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.