US Foods (NYSE:USFD) PT Raised to $71.00 at Jefferies Financial Group

US Foods (NYSE:USFD) had its target price boosted by analysts at Jefferies Financial Group from $66.00 to $71.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 13.02% from the stock’s previous close.

USFD has been the topic of several other reports. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 22nd. Wells Fargo & Company boosted their target price on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Truist Financial boosted 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 boosted their target price on shares of US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, June 7th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $66.82.

US Foods Stock Up 0.7 %

USFD stock opened at $62.82 on Wednesday. The firm’s fifty day simple moving average is $56.80 and its 200-day simple moving average is $54.16. The company has a market capitalization of $15.45 billion, a P/E ratio of 30.95, a price-to-earnings-growth ratio of 1.02 and a beta of 1.66. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. US Foods has a 12 month low of $35.66 and a 12 month high of $62.94.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. The business had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. As a group, equities research analysts forecast 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 company’s stock in a transaction 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 in the company, valued at $5,132,225.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On US Foods

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of US Foods by 3.6% in the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after buying an additional 796,434 shares during the last quarter. Boston Partners raised its position in shares of US Foods by 3.5% in the first quarter. Boston Partners now owns 16,527,901 shares of the company’s stock valued at $891,073,000 after buying an additional 566,277 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of US Foods by 5.1% in the second quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company’s stock valued at $550,111,000 after buying an additional 500,129 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of US Foods by 46.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock valued at $347,069,000 after purchasing an additional 2,064,321 shares during the period. Finally, Dorsal Capital Management LP grew its holdings in shares of US Foods by 2.0% in the fourth quarter. Dorsal Capital Management LP now owns 5,000,000 shares of the company’s stock valued at $227,050,000 after purchasing an additional 100,000 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.