Jefferies Financial Group Increases US Foods (NYSE:USFD) Price Target to $71.00

US Foods (NYSE:USFD) had its target price upped by equities research analysts at Jefferies Financial Group from $66.00 to $71.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 14.02% from the stock’s current price.

Several other research analysts have also recently commented on USFD. Wells Fargo & Company increased their target price on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Truist Financial increased their target price on shares of US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. JPMorgan Chase & Co. increased their target price on shares of US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. 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, Deutsche Bank Aktiengesellschaft increased their target price on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, US Foods has a consensus rating of “Buy” and a consensus target price of $66.82.

US Foods Stock Up 0.8 %

Shares of US Foods stock traded up $0.48 on Wednesday, hitting $62.27. The company had a trading volume of 78,826 shares, compared to its average volume of 1,808,427. The firm has a market capitalization of $15.23 billion, a P/E ratio of 30.74, a P/E/G ratio of 1.01 and a beta of 1.66. US Foods has a twelve month low of $35.66 and a twelve month high of $62.55. 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 stock has a 50-day moving average of $56.43 and a 200-day moving average of $54.05.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. The company had revenue of $9.71 billion during 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 business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 earnings per share. Research analysts predict that US Foods will post 2.9 earnings per share for the current year.

Insider Activity

In related news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On US Foods

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of US Foods by 3.6% in the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after acquiring an additional 796,434 shares in the last quarter. Boston Partners grew its stake in US Foods by 3.5% during the first quarter. Boston Partners now owns 16,527,901 shares of the company’s stock worth $891,073,000 after buying an additional 566,277 shares in the last quarter. Victory Capital Management Inc. grew its stake in US Foods by 5.1% during the second quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company’s stock worth $550,111,000 after buying an additional 500,129 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in US Foods by 46.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock worth $347,069,000 after buying an additional 2,064,321 shares in the last quarter. Finally, Dorsal Capital Management LP grew its stake in US Foods by 2.0% during the fourth quarter. Dorsal Capital Management LP now owns 5,000,000 shares of the company’s stock worth $227,050,000 after buying an additional 100,000 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.