US Foods (NYSE:USFD) Price Target Increased to $68.00 by Analysts at JPMorgan Chase & Co.

US Foods (NYSE:USFD) had its target price boosted by JPMorgan Chase & Co. from $60.00 to $68.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research analysts have also recently weighed in on USFD. Deutsche Bank Aktiengesellschaft upped their price target 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. StockNews.com cut US Foods from a strong-buy rating to a buy rating in a report on Saturday, September 14th. Wells Fargo & Company boosted their price objective on US Foods from $63.00 to $66.00 and gave the stock an overweight rating in a report on Thursday, June 6th. Truist Financial raised their target price on shares of US Foods from $65.00 to $66.00 and gave the company a buy rating in a research note on Thursday, June 6th. Finally, Piper Sandler lifted their target price on shares of US Foods from $59.00 to $61.00 and gave the company an overweight rating in a research report on Friday, June 7th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $66.40.

US Foods Price Performance

Shares of NYSE USFD opened at $61.95 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29. US Foods has a fifty-two week low of $35.66 and a fifty-two week high of $62.34. The stock has a market cap of $15.15 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66. The stock has a fifty day moving average of $55.89 and a 200-day moving average of $53.84.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. The business had revenue of $9.71 billion during the quarter, compared to analyst estimates of $9.62 billion. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 EPS. Equities research analysts anticipate that US Foods will post 2.9 earnings per share for the current year.

Insiders Place Their Bets

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at $5,132,225.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On US Foods

A number of large investors have recently bought and sold shares of USFD. BNP Paribas Financial Markets grew its holdings in US Foods by 265.6% in the 4th quarter. BNP Paribas Financial Markets now owns 95,832 shares of the company’s stock worth $4,352,000 after acquiring an additional 69,618 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in US Foods by 127.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 25,282 shares of the company’s stock valued at $1,148,000 after purchasing an additional 14,182 shares during the period. Janney Montgomery Scott LLC increased its holdings in US Foods by 5.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 18,709 shares of the company’s stock valued at $850,000 after purchasing an additional 1,038 shares during the period. Quadrant Capital Group LLC raised its position in US Foods by 146.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,852 shares of the company’s stock valued at $84,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in US Foods by 37.7% in the 4th quarter. Panagora Asset Management Inc. now owns 77,840 shares of the company’s stock worth $3,535,000 after buying an additional 21,305 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.