US Foods (NYSE:USFD - Free Report) had its price objective lifted by Piper Sandler from $61.00 to $75.00 in a research report sent to investors on Monday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.
USFD has been the subject of several other reports. Barclays raised their price objective on shares of US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday. StockNews.com raised US Foods from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th. Wells Fargo & Company raised their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 18th. Jefferies Financial Group boosted 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, Deutsche Bank Aktiengesellschaft raised their target price on shares of US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $71.09.
Check Out Our Latest Report on US Foods
US Foods Stock Up 0.9 %
NYSE:USFD traded up $0.57 during trading hours on Monday, reaching $67.46. 1,026,761 shares of the stock were exchanged, compared to its average volume of 1,804,597. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.81. US Foods has a twelve month low of $42.02 and a twelve month high of $68.00. The stock has a market cap of $16.50 billion, a PE ratio of 28.71, a PEG ratio of 1.10 and a beta of 1.66. The firm has a 50 day moving average of $61.23 and a 200 day moving average of $56.28.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. The firm had revenue of $9.71 billion for the quarter, compared to analysts' expectations of $9.62 billion. US Foods had a net margin of 1.54% and a return on equity of 14.15%. The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 EPS. On average, equities analysts expect that US Foods will post 2.9 earnings per share for the current year.
Insider Buying and Selling at US Foods
In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of USFD. Acadian Asset Management LLC bought a new position in shares of US Foods during the 2nd quarter worth about $25,000. Quent Capital LLC grew its stake in US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company's stock valued at $29,000 after acquiring an additional 219 shares during the period. International Assets Investment Management LLC bought a new stake in shares of US Foods during the second quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new position in shares of US Foods during the third quarter worth approximately $31,000. Finally, Huntington National Bank lifted its holdings in shares of US Foods by 332.5% in the 3rd quarter. Huntington National Bank now owns 532 shares of the company's stock worth $33,000 after purchasing an additional 409 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.
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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