US Foods (NYSE:USFD) Price Target Raised to $74.00

US Foods (NYSE:USFD) had its price target boosted by Truist Financial from $66.00 to $74.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 9.19% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group increased their target price on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Wells Fargo & Company increased their target price on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft increased their target price on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, US Foods has an average rating of “Buy” and an average target price of $67.55.

US Foods Price Performance

USFD traded up $1.21 on Friday, reaching $67.77. 191,400 shares of the company’s stock were exchanged, compared to its average volume of 1,799,770. 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 cap of $16.57 billion, a PE ratio of 32.16, a P/E/G ratio of 1.08 and a beta of 1.66. The stock’s fifty day moving average price is $61.07 and its 200-day moving average price is $56.09. US Foods has a twelve month low of $40.23 and a twelve month high of $67.77.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The business had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the prior year, the company posted $0.73 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts expect 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 business’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 completion of the sale, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in US Foods in the second quarter valued at $25,000. Quent Capital LLC raised its holdings in US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after acquiring an additional 219 shares in the last quarter. International Assets Investment Management LLC bought a new stake in US Foods during the second quarter valued at $30,000. Ashton Thomas Securities LLC bought a new stake in US Foods during the third quarter valued at $31,000. Finally, Huntington National Bank increased its stake in US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after purchasing an additional 409 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

About US Foods

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.