Truist Financial Issues Positive Forecast for US Foods (NYSE:USFD) Stock Price

US Foods (NYSE:USFD) had its price objective lifted by Truist Financial from $74.00 to $78.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on USFD. JPMorgan Chase & Co. lifted their price objective on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Melius initiated coverage on US Foods in a research report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 target price for the company. Jefferies Financial Group lifted their price target on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Piper Sandler upped their price objective on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $67.42.

US Foods Stock Up 0.2 %

US Foods stock opened at $68.03 on Thursday. The company has a 50-day simple moving average of $68.28 and a 200-day simple moving average of $61.40. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. The firm has a market capitalization of $15.85 billion, a P/E ratio of 29.20, a P/E/G ratio of 0.91 and a beta of 1.67. US Foods has a one year low of $44.81 and a one year high of $72.84.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Legacy Wealth Asset Management LLC grew its position in US Foods by 4.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock worth $279,000 after purchasing an additional 160 shares in the last quarter. Bank of Montreal Can raised its position in US Foods by 0.3% during the third quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock valued at $4,022,000 after buying an additional 171 shares during the period. Davis Investment Partners LLC lifted its stake in US Foods by 0.7% in the 3rd quarter. Davis Investment Partners LLC now owns 28,864 shares of the company’s stock worth $1,775,000 after acquiring an additional 193 shares in the last quarter. First Horizon Advisors Inc. boosted its position in US Foods by 54.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after acquiring an additional 202 shares during the period. Finally, Quent Capital LLC grew its stake 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. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Company Profile

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.