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

US Foods (NYSE:USFD) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from $60.00 to $68.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 11.81% from the company’s previous close.

Several other equities research analysts have also commented on USFD. Truist Financial boosted their target price on shares of US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Wells Fargo & Company lifted their price target on shares of US Foods from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. 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 research note on Friday, August 9th. Piper Sandler raised their price target on US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, June 7th. Finally, StockNews.com lowered shares of US Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.50.

US Foods Stock Performance

Shares of NYSE:USFD traded up $1.04 during trading on Monday, reaching $60.82. The company had a trading volume of 355,160 shares, compared to its average volume of 1,791,028. The stock’s fifty day moving average price is $55.07 and its 200 day moving average price is $53.59. US Foods has a fifty-two week low of $35.66 and a fifty-two week high of $60.84. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. The firm has a market capitalization of $14.87 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 0.97 and a beta of 1.66.

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

Institutional Investors Weigh In On US Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in USFD. Acadian Asset Management LLC acquired a new stake in US Foods in the 2nd quarter valued at $25,000. Redmont Wealth Advisors LLC acquired a new position in US Foods during the 1st quarter worth approximately $27,000. Rise Advisors LLC purchased a new position in US Foods in the 1st quarter worth approximately $30,000. International Assets Investment Management LLC purchased a new position in US Foods in the 2nd quarter worth approximately $30,000. Finally, Headlands Technologies LLC purchased a new stake in shares of US Foods during the first quarter valued at approximately $50,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.