US Foods (NYSE:USFD) Given New $75.00 Price Target at Wells Fargo & Company

US Foods (NYSE:USFD) had its price objective upped by Wells Fargo & Company from $66.00 to $75.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 21.07% from the company’s current price.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday. Piper Sandler boosted their price objective on US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, June 7th. Truist Financial raised their target price on US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. StockNews.com cut US Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.40.

US Foods Stock Performance

NYSE USFD opened at $61.95 on Wednesday. The stock has a market capitalization of $15.15 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 1.00 and a beta of 1.66. The stock has a 50-day moving average of $55.89 and a 200 day moving average of $53.84. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. US Foods has a twelve month low of $35.66 and a twelve month high of $62.34.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The business had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the prior year, the company posted $0.73 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. Sell-side analysts anticipate that US Foods will post 2.9 EPS for the current fiscal year.

Insider Activity at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of the firm’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 transaction of $579,500.00. Following the completion of the sale, the chief financial officer now owns 88,563 shares in the company, valued at approximately $5,132,225.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by insiders.

Institutional Trading of US Foods

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in US Foods by 23.5% in the 1st quarter. GAMMA Investing LLC now owns 1,088 shares of the company’s stock valued at $59,000 after purchasing an additional 207 shares during the last quarter. Davis Investment Partners LLC raised its holdings in shares of US Foods by 1.0% in the 1st quarter. Davis Investment Partners LLC now owns 22,832 shares of the company’s stock valued at $1,179,000 after buying an additional 222 shares during the period. Mount Yale Investment Advisors LLC boosted its holdings in US Foods by 2.8% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 10,634 shares of the company’s stock valued at $574,000 after acquiring an additional 286 shares during the period. OLD National Bancorp IN boosted its holdings in US Foods by 5.0% during the 2nd quarter. OLD National Bancorp IN now owns 6,289 shares of the company’s stock valued at $333,000 after acquiring an additional 301 shares during the period. Finally, US Bancorp DE grew its position in US Foods by 3.8% in the 1st quarter. US Bancorp DE now owns 9,355 shares of the company’s stock valued at $505,000 after acquiring an additional 344 shares in the last quarter. 98.76% of the stock is currently 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.