Piper Sandler Issues Positive Forecast for US Foods (NYSE:USFD) Stock Price

US Foods (NYSE:USFD) had its price objective boosted by Piper Sandler from $61.00 to $75.00 in a research note published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms also recently issued reports on USFD. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. UBS Group boosted their target price on shares of US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday. Truist Financial boosted their target price on shares of US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 9th. One research 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.com, the stock presently has an average rating of “Buy” and a consensus price target of $71.09.

US Foods Stock Performance

NYSE:USFD opened at $67.49 on Monday. The firm has a 50 day simple moving average of $61.39 and a 200-day simple moving average of $56.40. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.81. The firm has a market cap of $16.51 billion, a PE ratio of 28.97, a P/E/G ratio of 1.10 and a beta of 1.66. US Foods has a 1-year low of $42.02 and a 1-year high of $68.00.

Insider Transactions at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of the business’s 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 transaction, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in US Foods by 46.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock valued at $347,069,000 after acquiring an additional 2,064,321 shares in the last quarter. Congress Asset Management Co. acquired a new stake in US Foods in the third quarter valued at $121,196,000. Interval Partners LP raised its holdings in US Foods by 371.2% in the second quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock valued at $98,905,000 after acquiring an additional 1,470,630 shares in the last quarter. Vanguard Group Inc. raised its holdings in US Foods by 3.6% in the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after acquiring an additional 796,434 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in US Foods by 175.8% in the second quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company’s stock valued at $57,764,000 after acquiring an additional 694,999 shares in the last quarter. 98.76% of the stock is 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.