Truist Financial Issues Positive Forecast for US Foods (NYSE:USFD) Stock Price

US Foods (NYSE:USFD) had its price target increased by stock analysts at Truist Financial from $78.00 to $80.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 12.60% from the company’s current price.

A number of other research firms have also recently weighed in on USFD. JPMorgan Chase & Co. lifted their price objective on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Melius started coverage on US Foods in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price objective on the stock. Barclays lifted their price objective on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday. Melius Research raised US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler lifted their price objective on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, US Foods currently has an average rating of “Buy” and a consensus price target of $69.67.

US Foods Stock Performance

NYSE USFD traded down $0.06 during trading hours on Friday, hitting $71.05. The company’s stock had a trading volume of 1,211,565 shares, compared to its average volume of 1,892,126. US Foods has a 12 month low of $45.24 and a 12 month high of $73.00. The company’s 50 day simple moving average is $69.06 and its two-hundred day simple moving average is $63.87. The company has a market cap of $16.55 billion, a P/E ratio of 30.48, a price-to-earnings-growth ratio of 0.95 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a return on equity of 14.15% and a net margin of 1.54%. As a group, sell-side analysts expect that US Foods will post 2.94 EPS for the current fiscal year.

Institutional Trading of US Foods

Several hedge funds have recently modified their holdings of USFD. Sanctuary Advisors LLC purchased a new stake in shares of US Foods during the 2nd quarter worth approximately $353,000. CWM LLC increased its position in shares of US Foods by 80.7% during the 3rd quarter. CWM LLC now owns 7,388 shares of the company’s stock valued at $454,000 after purchasing an additional 3,300 shares during the last quarter. Creative Planning increased its position in shares of US Foods by 13.5% during the 3rd quarter. Creative Planning now owns 12,978 shares of the company’s stock valued at $798,000 after purchasing an additional 1,547 shares during the last quarter. Aaron Wealth Advisors LLC bought a new position in shares of US Foods during the 3rd quarter valued at approximately $230,000. Finally, First Citizens Bank & Trust Co. bought a new position in shares of US Foods during the 3rd quarter valued at approximately $261,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Company Profile

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.