JPMorgan Chase & Co. Issues Positive Forecast for US Foods (NYSE:USFD) Stock Price

US Foods (NYSE:USFD) had its target price raised by research analysts at JPMorgan Chase & Co. from $68.00 to $69.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 3.15% from the company’s current price.

A number of other equities analysts also recently commented on USFD. Deutsche Bank Aktiengesellschaft upped their target price on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company upped their target price on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. Jefferies Financial Group upped their target price on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, Truist Financial upped their price target on shares of US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, US Foods has a consensus rating of “Buy” and an average price target of $69.82.

US Foods Stock Performance

Shares of NYSE:USFD opened at $66.89 on Friday. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 1.10 and a beta of 1.66. US Foods has a 12 month low of $40.23 and a 12 month high of $67.79. The firm’s 50-day moving average is $61.23 and its 200 day moving average is $56.25. The company has a current ratio of 1.19, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. The business had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.62 billion. US Foods had a net margin of 1.54% and a return on equity of 14.15%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 EPS. Research analysts predict that US Foods will post 2.9 EPS for the current year.

Insider Activity at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at $5,132,225.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On US Foods

Hedge funds and other institutional investors have recently bought and sold shares of the company. Primecap Management Co. CA raised its holdings in shares of US Foods by 145.4% in the third quarter. Primecap Management Co. CA now owns 287,408 shares of the company’s stock worth $17,676,000 after buying an additional 170,309 shares during the last quarter. Aurora Investment Counsel purchased a new position in shares of US Foods in the third quarter worth $1,574,000. Ontario Teachers Pension Plan Board purchased a new position in shares of US Foods in the third quarter worth $350,000. First Horizon Advisors Inc. raised its holdings in shares of US Foods by 54.2% in the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after buying an additional 202 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of US Foods by 29.6% in the third quarter. Advisors Asset Management Inc. now owns 13,943 shares of the company’s stock worth $857,000 after buying an additional 3,183 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

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.