US Foods (NYSE:USFD - Get Free Report) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $68.00 to $69.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 3.15% from the stock's current price.
Several other equities analysts also recently weighed in on USFD. Wells Fargo & Company lifted their price target on shares of US Foods from $66.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft increased their target price on US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Truist Financial boosted their price target on US Foods from $66.00 to $74.00 and gave the stock a "buy" rating in a report on Friday. Jefferies Financial Group increased their price objective on shares of US Foods from $66.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Finally, StockNews.com raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, US Foods presently has a consensus rating of "Buy" and a consensus target price of $69.82.
Check Out Our Latest Research Report on US Foods
US Foods Stock Up 0.5 %
US Foods stock traded up $0.33 on Friday, hitting $66.89. 2,016,807 shares of the stock traded hands, compared to its average volume of 1,808,182. The business's fifty day simple moving average is $61.07 and its 200 day simple moving average is $56.09. The firm has a market cap of $16.36 billion, a P/E ratio of 31.85, a price-to-earnings-growth ratio of 1.08 and a beta of 1.66. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. US Foods has a 1 year low of $40.23 and a 1 year high of $67.79.
US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, meeting 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 during the quarter, compared to analyst estimates of $9.62 billion. During the same period last year, the business earned $0.73 EPS. US Foods's revenue was up 7.7% compared to the same quarter last year. As a group, sell-side analysts forecast that US Foods will post 2.9 earnings per share for the current year.
Insider Buying and Selling 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 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.70% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC acquired a new position in shares of US Foods during the first quarter worth $22,937,000. Janus Henderson Group PLC raised its stake in shares of US Foods by 46.3% during the first 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 last quarter. Entropy Technologies LP purchased a new stake in shares of US Foods in the first quarter valued at about $232,000. Vanguard Group Inc. raised its holdings in US Foods by 3.6% during the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company's stock worth $1,242,336,000 after purchasing an additional 796,434 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of US Foods by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 162,128 shares of the company's stock valued at $8,751,000 after buying an additional 9,652 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.
About US Foods
(
Get Free Report)
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.
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