US Foods (NYSE:USFD) PT Raised to $68.00

US Foods (NYSE:USFD) had its target price boosted by JPMorgan Chase & Co. from $60.00 to $68.00 in a research note issued to investors on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other brokerages have also recently commented on USFD. 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. Truist Financial boosted their price objective on shares of US Foods from $65.00 to $66.00 and gave the stock a buy rating in a research note on Thursday, June 6th. Wells Fargo & Company upped their price objective on shares of US Foods from $63.00 to $66.00 and gave the stock an overweight rating in a report on Thursday, June 6th. Piper Sandler lifted their target price on shares of US Foods from $59.00 to $61.00 and gave the company an overweight rating in a report on Friday, June 7th. Finally, StockNews.com downgraded US Foods from a strong-buy rating to a buy rating in a research note on Saturday, September 14th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $66.40.

US Foods Price Performance

USFD stock opened at $61.95 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. US Foods has a 1 year low of $35.66 and a 1 year high of $62.34. The firm has a 50-day moving average of $55.89 and a 200 day moving average of $53.84. The company has a market cap of $15.15 billion, a P/E ratio of 30.52, a PEG ratio of 1.00 and a beta of 1.66.

US Foods (NYSE:USFD) last announced its 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 return on equity of 13.43% and a net margin of 1.42%. The firm had revenue of $9.71 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same quarter in the prior year, the company earned $0.73 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts forecast that US Foods will post 2.9 EPS for the current year.

Insider Buying and Selling

In other news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was 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 $5,132,225.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in US Foods in the second quarter valued at about $25,000. Redmont Wealth Advisors LLC bought a new position in shares of US Foods in the 1st quarter worth approximately $27,000. International Assets Investment Management LLC purchased a new position in shares of US Foods in the second quarter worth approximately $30,000. Rise Advisors LLC bought a new stake in US Foods during the first quarter valued at approximately $30,000. Finally, Headlands Technologies LLC purchased a new stake in US Foods during the first quarter valued at approximately $50,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.