US Foods (NYSE:USFD) Price Target Increased to $71.00 by Analysts at Jefferies Financial Group

US Foods (NYSE:USFD) had its price target hoisted by Jefferies Financial Group from $66.00 to $71.00 in a report published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. Truist Financial lifted their price objective on shares of US Foods from $65.00 to $66.00 and gave the company a buy rating in a report on Thursday, June 6th. Wells Fargo & Company lifted their price target 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of US Foods from $72.00 to $75.00 and gave the stock a buy rating in a research report on Friday, August 9th. StockNews.com upgraded US Foods from a buy rating to a strong-buy rating in a report on Sunday, September 22nd. Finally, JPMorgan Chase & Co. upped their target price on US Foods from $60.00 to $68.00 and gave the stock a neutral rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus price target of $66.82.

US Foods Trading Down 4.2 %

Shares of NYSE:USFD opened at $60.16 on Wednesday. The firm has a market cap of $14.79 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 1.02 and a beta of 1.66. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. US Foods has a 12 month low of $35.66 and a 12 month high of $62.94. The company’s fifty day simple moving average is $56.96 and its 200 day simple moving average is $54.22.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. The company had revenue of $9.71 billion for the quarter, compared to analyst estimates of $9.62 billion. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 earnings per share. As a group, research analysts forecast that US Foods will post 2.9 EPS for the current fiscal 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 shares were 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 $5,132,225.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On US Foods

Several hedge funds have recently bought and sold shares of USFD. Acadian Asset Management LLC bought a new position in US Foods during the 2nd quarter worth $25,000. Redmont Wealth Advisors LLC acquired a new position in shares of US Foods in the first quarter valued at about $27,000. Rise Advisors LLC bought a new position in US Foods during the first quarter worth about $30,000. International Assets Investment Management LLC acquired a new stake in US Foods in the 2nd quarter worth about $30,000. Finally, Headlands Technologies LLC bought a new stake in US Foods in the 1st quarter valued at about $50,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.