Truist Financial Forecasts Strong Price Appreciation for US Foods (NYSE:USFD) Stock

US Foods (NYSE:USFD - Free Report) had its target price lifted by Truist Financial from $74.00 to $78.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the stock. StockNews.com upgraded 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 price objective on shares of US Foods from $68.00 to $69.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Jefferies Financial Group increased their price target on US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, December 16th. UBS Group lifted their target price on shares of US Foods from $67.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, Melius initiated coverage on shares of US Foods in a report on Wednesday, December 18th. They set a "buy" rating and a $12.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $67.42.

US Foods Stock Performance

Shares of USFD stock traded up $0.10 during trading on Thursday, reaching $68.03. 1,835,380 shares of the company's stock were exchanged, compared to its average volume of 1,535,688. US Foods has a twelve month low of $44.81 and a twelve month high of $72.84. The firm's fifty day moving average price is $68.28 and its 200-day moving average price is $61.40. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $15.85 billion, a PE ratio of 29.20, a PEG ratio of 0.91 and a beta of 1.67.

Institutional Investors Weigh In On US Foods

A number of large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in US Foods during the 2nd quarter valued at about $25,000. Quent Capital LLC boosted its position in US Foods by 87.6% during the 3rd 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. Ashton Thomas Securities LLC bought a new position in shares of US Foods in the 3rd quarter worth approximately $31,000. Huntington National Bank boosted its position in shares of 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 in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in US Foods in the third quarter worth $34,000. Institutional investors own 98.76% of the company's stock.

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.