US Foods (NYSE:USFD) PT Raised to $60.00

US Foods (NYSE:USFD) had its target price hoisted by JPMorgan Chase & Co. from $58.00 to $60.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 14.53% from the company’s previous close.

USFD has been the topic of a number of other reports. Wells Fargo & Company lifted their price target on US Foods from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. UBS Group raised their price target on shares of US Foods from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Barclays upped their price objective on shares of US Foods from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Morgan Stanley raised their target price on shares of US Foods from $62.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Finally, Piper Sandler upped their price target on US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, June 7th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, US Foods currently has an average rating of “Buy” and a consensus price target of $64.70.

US Foods Trading Up 0.7 %

Shares of NYSE:USFD opened at $52.39 on Tuesday. The firm has a market capitalization of $12.81 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 0.85 and a beta of 1.62. The business’s 50 day moving average price is $52.72 and its 200-day moving average price is $51.92. 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 $55.98.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. The business had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. On average, equities research analysts forecast that US Foods will post 2.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC purchased a new position in shares of US Foods during the 1st quarter worth approximately $22,937,000. Janus Henderson Group PLC boosted its position in shares of US Foods by 46.3% during the 1st quarter. Janus Henderson Group PLC now owns 162,338 shares of the company’s stock worth $8,759,000 after purchasing an additional 51,402 shares during the period. Entropy Technologies LP purchased a new position in US Foods in the 1st quarter valued at approximately $232,000. International Assets Investment Management LLC boosted its position in US Foods by 4,441.0% in the 4th quarter. International Assets Investment Management LLC now owns 25,339 shares of the company’s stock valued at $1,151,000 after buying an additional 24,781 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in US Foods by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,026,096 shares of the company’s stock valued at $182,828,000 after buying an additional 46,190 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.