Piper Sandler Increases US Foods (NYSE:USFD) Price Target to $75.00

US Foods (NYSE:USFD) had its price target raised by Piper Sandler from $61.00 to $75.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research firms have also commented on USFD. Barclays upped their price target on shares of US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday. UBS Group upped their price target on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their price target on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Wells Fargo & Company upped their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, US Foods currently has a consensus rating of “Buy” and an average price target of $71.09.

US Foods Stock Up 0.9 %

Shares of NYSE:USFD opened at $67.49 on Monday. The stock has a market capitalization of $16.51 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth 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. The company’s fifty day moving average is $61.39 and its two-hundred day moving average is $56.40. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.81 and a current ratio of 1.19.

Insider Transactions at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the transaction, the chief financial officer now owns 88,563 shares of the company’s stock, valued at $5,132,225.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On US Foods

Several hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of US Foods by 20.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,606 shares of the company’s stock worth $357,000 after buying an additional 1,132 shares during the period. SG Americas Securities LLC boosted its holdings in shares of US Foods by 5.7% in the first quarter. SG Americas Securities LLC now owns 30,655 shares of the company’s stock worth $1,654,000 after buying an additional 1,665 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of US Foods in the first quarter worth about $443,000. Headlands Technologies LLC acquired a new position in shares of US Foods in the first quarter worth about $50,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of US Foods by 3.6% in the first quarter. Russell Investments Group Ltd. now owns 59,418 shares of the company’s stock worth $3,208,000 after buying an additional 2,039 shares during the period. 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.