Wells Fargo & Company Boosts US Foods (NYSE:USFD) Price Target to $75.00

US Foods (NYSE:USFD) had its price target raised by equities research analysts at Wells Fargo & Company from $66.00 to $75.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 23.23% from the company’s current price.

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

US Foods Price Performance

Shares of USFD stock traded down $0.32 during trading hours on Wednesday, hitting $60.86. 761,980 shares of the company’s stock were exchanged, compared to its average volume of 1,800,540. US Foods has a 12-month low of $35.66 and a 12-month high of $62.34. The company has a market capitalization of $14.96 billion, a PE ratio of 29.98, a PEG ratio of 0.97 and a beta of 1.66. The business’s 50 day simple moving average is $55.48 and its 200-day simple moving average is $53.73. 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 (NYSE:USFD) last issued its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. The company had revenue of $9.71 billion for the quarter, compared to analysts’ expectations of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS. On average, equities research analysts anticipate that US Foods will post 2.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the transaction, the chief financial officer now owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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