US Foods (NYSE:USFD) Price Target Raised to $80.00 at Truist Financial

US Foods (NYSE:USFD) had its target price boosted by Truist Financial from $78.00 to $80.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 12.29% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Piper Sandler upped their price target on US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. UBS Group upped their price target on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Barclays upped their price target on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday. Jefferies Financial Group upped their price target on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Melius started coverage on US Foods in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $70.17.

US Foods Trading Up 0.2 %

Shares of US Foods stock opened at $71.25 on Friday. The firm has a market capitalization of $16.60 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 0.95 and a beta of 1.67. US Foods has a fifty-two week low of $45.24 and a fifty-two week high of $73.00. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. The stock has a 50 day moving average of $69.02 and a 200 day moving average of $64.11.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. US Foods had a return on equity of 14.15% and a net margin of 1.54%. As a group, research analysts predict that US Foods will post 2.94 earnings per share for the current year.

Institutional Trading of US Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Boston Partners raised its stake in US Foods by 0.6% in the fourth quarter. Boston Partners now owns 12,744,006 shares of the company’s stock valued at $860,460,000 after buying an additional 77,012 shares in the last quarter. Wellington Management Group LLP raised its stake in US Foods by 25.2% in the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock valued at $744,548,000 after buying an additional 2,435,357 shares in the last quarter. State Street Corp raised its stake in US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after buying an additional 316,061 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in US Foods by 4.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock valued at $420,781,000 after buying an additional 291,016 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in US Foods by 7.3% in the fourth quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company’s stock valued at $290,369,000 after buying an additional 292,404 shares in the last quarter. 98.76% of the stock is currently 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.