US Foods (NYSE:USFD) PT Raised to $60.00 at JPMorgan Chase & Co.

US Foods (NYSE:USFD) had its target price hoisted by JPMorgan Chase & Co. from $58.00 to $60.00 in a research report report published on Tuesday, Benzinga reports. They currently have a neutral rating on the stock.

USFD has been the subject of a number of other research reports. Truist Financial increased their price target on US Foods from $65.00 to $66.00 and gave the company a buy rating in a research report on Thursday, June 6th. BMO Capital Markets reissued an outperform rating and issued a $62.00 target price (up from $58.00) on shares of US Foods in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of US Foods from $72.00 to $75.00 and gave the company a buy rating in a research report on Friday, August 9th. Morgan Stanley lifted their price objective on shares of US Foods from $62.00 to $64.00 and gave the stock an overweight rating in a research report on Friday, May 10th. Finally, Piper Sandler increased their target price on US Foods from $59.00 to $61.00 and gave the company an overweight rating in a report on Friday, June 7th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, US Foods presently has an average rating of Buy and an average target price of $64.70.

US Foods Stock Performance

NYSE:USFD opened at $57.00 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average of $52.80 and a 200-day moving average of $52.01. US Foods has a twelve month low of $35.66 and a twelve month high of $57.59. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 0.85 and a beta of 1.62.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The firm had revenue of $9.71 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter in the previous year, the business posted $0.73 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts forecast that US Foods will post 2.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On US Foods

Several institutional investors have recently made changes to their positions in USFD. GAMMA Investing LLC raised its position in US Foods by 23.5% during the first quarter. GAMMA Investing LLC now owns 1,088 shares of the company’s stock valued at $59,000 after acquiring an additional 207 shares in the last quarter. Davis Investment Partners LLC boosted its holdings in US Foods by 1.0% in the first quarter. Davis Investment Partners LLC now owns 22,832 shares of the company’s stock worth $1,179,000 after purchasing an additional 222 shares in the last quarter. Mount Yale Investment Advisors LLC increased its position in US Foods by 2.8% during the first quarter. Mount Yale Investment Advisors LLC now owns 10,634 shares of the company’s stock worth $574,000 after buying an additional 286 shares during the last quarter. OLD National Bancorp IN lifted its position in shares of US Foods by 5.0% in the second quarter. OLD National Bancorp IN now owns 6,289 shares of the company’s stock worth $333,000 after buying an additional 301 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of US Foods by 25.8% during the 1st quarter. Fifth Third Bancorp now owns 1,623 shares of the company’s stock worth $88,000 after acquiring an additional 333 shares in the last quarter. 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.