JPMorgan Chase & Co. Raises US Foods (NYSE:USFD) Price Target to $68.00

US Foods (NYSE:USFD) had its price target lifted by JPMorgan Chase & Co. from $60.00 to $68.00 in a research report report published on Monday, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also recently commented on the stock. Wells Fargo & Company lifted their price target on shares of US Foods from $63.00 to $66.00 and gave the stock an overweight rating in a research report on Thursday, June 6th. Truist Financial upped their target price on shares of US Foods from $65.00 to $66.00 and gave the company a buy rating in a research report on Thursday, June 6th. StockNews.com lowered US Foods from a strong-buy rating to a buy rating in a research report on Saturday, September 14th. Piper Sandler upped their price objective on US Foods from $59.00 to $61.00 and gave the company an overweight rating in a report on Friday, June 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on US Foods from $72.00 to $75.00 and gave the stock a buy rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, US Foods has a consensus rating of Moderate Buy and an average target price of $66.40.

US Foods Stock Performance

USFD stock opened at $60.88 on Monday. The company has a 50 day moving average price of $55.69 and a 200 day moving average price of $53.78. US Foods has a fifty-two week low of $35.66 and a fifty-two week high of $62.34. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. The stock has a market capitalization of $14.89 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66.

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

Insider Activity at US Foods

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s 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 sale, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is owned by insiders.

Institutional Trading of US Foods

Several hedge funds and other institutional investors have recently modified their holdings of USFD. GAMMA Investing LLC raised its position in US Foods by 23.5% in the 1st quarter. GAMMA Investing LLC now owns 1,088 shares of the company’s stock valued at $59,000 after buying an additional 207 shares during the last quarter. Davis Investment Partners LLC lifted its position in shares of 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 boosted its holdings 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 purchasing an additional 286 shares during the last quarter. OLD National Bancorp IN grew its position in US Foods by 5.0% in the second quarter. OLD National Bancorp IN now owns 6,289 shares of the company’s stock valued at $333,000 after purchasing an additional 301 shares in the last quarter. Finally, US Bancorp DE increased its stake in US Foods by 3.8% in the 1st quarter. US Bancorp DE now owns 9,355 shares of the company’s stock valued at $505,000 after buying an additional 344 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

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.