US Foods (NYSE:USFD) Price Target Raised to $60.00

US Foods (NYSE:USFD) had its price target raised by JPMorgan Chase & Co. from $58.00 to $60.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research analysts have also recently issued reports on USFD. Barclays upped their price objective on US Foods from $60.00 to $64.00 and gave the stock an overweight rating in a research report on Friday, May 10th. Morgan Stanley increased their price target on shares of US Foods from $62.00 to $64.00 and gave the company an overweight rating in a research note on Friday, May 10th. Piper Sandler boosted their price objective on shares of US Foods from $59.00 to $61.00 and gave the stock an overweight rating in a research report on Friday, June 7th. Truist Financial increased their target price on shares of US Foods from $65.00 to $66.00 and gave the company a buy rating in a research report on Thursday, June 6th. Finally, BMO Capital Markets reissued an outperform rating and issued a $62.00 price target (up from $58.00) on shares of US Foods in a research report on Friday, May 10th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Buy and a consensus price target of $64.70.

US Foods Stock Performance

Shares of US Foods stock opened at $57.00 on Tuesday. The business has a 50-day simple moving average of $52.80 and a 200-day simple moving average of $52.01. The company has a market cap of $13.94 billion, a PE ratio of 28.08, a P/E/G ratio of 0.85 and a beta of 1.62. US Foods has a one year low of $35.66 and a one year high of $57.59. 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 (NYSE:USFD) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. The company 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 company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 EPS. On average, equities research analysts forecast that US Foods will post 2.94 EPS for the current fiscal year.

Institutional Trading of US Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new position in shares of US Foods in the second quarter valued at approximately $25,000. Redmont Wealth Advisors LLC purchased a new position in US Foods in the 1st quarter valued at $27,000. Rise Advisors LLC acquired a new position in US Foods in the 1st quarter valued at $30,000. International Assets Investment Management LLC purchased a new position in US Foods during the 2nd quarter worth $30,000. Finally, GAMMA Investing LLC acquired a new stake in shares of US Foods in the 4th quarter worth $41,000. 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.