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

US Foods (NYSE:USFD - Free Report) had its target price lifted by Truist Financial from $66.00 to $74.00 in a research note published on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other analysts also recently weighed in on USFD. Wells Fargo & Company upped their target price on US Foods from $66.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, September 18th. StockNews.com raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on shares of US Foods from $60.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Jefferies Financial Group increased their price target on shares of US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of US Foods from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, August 9th. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $69.82.

US Foods Stock Performance

USFD traded up $0.33 during trading on Friday, hitting $66.89. The stock had a trading volume of 2,016,807 shares, compared to its average volume of 1,808,182. 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 firm has a market cap of $16.36 billion, a price-to-earnings ratio of 31.85, a P/E/G ratio of 1.08 and a beta of 1.66. The company has a 50 day moving average price of $61.07 and a 200-day moving average price of $56.09. US Foods has a one year low of $40.23 and a one year high of $67.79.

US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $9.62 billion. During the same period last year, the firm earned $0.73 earnings per share. US Foods's revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, research analysts predict that US Foods will post 2.9 EPS for the current year.

Insider Transactions at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the firm'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 completion of the transaction, the chief financial officer now directly owns 88,563 shares of the company's stock, valued at $5,132,225.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.70% of the company's stock.

Institutional Trading of US Foods

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its position in US Foods by 20.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,606 shares of the company's stock valued at $357,000 after purchasing an additional 1,132 shares during the period. SG Americas Securities LLC boosted its holdings in US Foods by 5.7% during the first quarter. SG Americas Securities LLC now owns 30,655 shares of the company's stock worth $1,654,000 after purchasing an additional 1,665 shares during the last quarter. Highland Capital Management LLC bought a new stake in US Foods in the 1st quarter worth about $213,000. Tectonic Advisors LLC purchased a new stake in US Foods in the 1st quarter valued at about $215,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of US Foods during the 1st quarter worth approximately $443,000. 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.