US Foods (NYSE:USFD) Price Target Raised to $77.00

US Foods (NYSE:USFD) had its price target increased by Piper Sandler from $75.00 to $77.00 in a research report sent to investors on Tuesday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other analysts also recently issued reports on the company. Melius Research raised US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Morgan Stanley boosted their price target on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price objective on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Jefferies Financial Group lifted their price objective on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Truist Financial upped their target price on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $70.33.

US Foods Trading Up 0.1 %

Shares of USFD opened at $71.66 on Tuesday. The firm has a market cap of $16.51 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 0.95 and a beta of 1.67. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. US Foods has a 1 year low of $49.65 and a 1 year high of $73.19. The company has a 50 day simple moving average of $69.16 and a two-hundred day simple moving average of $64.52.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The company had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. On average, equities analysts expect that US Foods will post 3.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director David W. Bullock acquired 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of $71.06 per share, with a total value of $284,240.00. Following the transaction, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of US Foods

Several institutional investors and hedge funds have recently modified their holdings of the stock. Focus Partners Advisor Solutions LLC purchased a new position in US Foods during the 4th quarter worth $232,000. PharVision Advisers LLC purchased a new position in shares of US Foods during the fourth quarter valued at $464,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of US Foods by 10.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 795,248 shares of the company’s stock valued at $53,647,000 after buying an additional 77,418 shares during the period. Worldquant Millennium Advisors LLC bought a new stake in shares of US Foods in the fourth quarter valued at about $285,000. Finally, Sovereign s Capital Management LLC purchased a new stake in US Foods in the fourth quarter worth about $476,000. Institutional investors 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.