US Foods (NYSE:USFD) Stock Price Expected to Rise, Truist Financial Analyst Says

US Foods (NYSE:USFD) had its target price lifted by Truist Financial from $66.00 to $74.00 in a report published on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other analysts also recently issued reports on USFD. Jefferies Financial Group lifted their price target on US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft lifted their price target on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. raised their price objective on US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Wells Fargo & Company raised their price objective on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. Finally, StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $71.09.

US Foods Stock Performance

Shares of USFD opened at $67.49 on Friday. The company has a market cap of $16.51 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 1.10 and a beta of 1.66. The company has a current ratio of 1.19, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01. The stock has a 50-day moving average price of $61.39 and a 200-day moving average price of $56.40. US Foods has a 12-month low of $42.02 and a 12-month high of $68.00.

Insiders Place Their Bets

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of US Foods 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 transaction, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at $5,132,225.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On US Foods

Several hedge funds have recently made changes to their positions in USFD. Acadian Asset Management LLC purchased a new position in shares of US Foods during the second quarter valued at approximately $25,000. Quent Capital LLC increased its stake in shares of US Foods by 87.6% during the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after buying an additional 219 shares during the period. International Assets Investment Management LLC purchased a new position in shares of US Foods during the second quarter valued at approximately $30,000. Ashton Thomas Securities LLC purchased a new position in shares of US Foods during the third quarter valued at approximately $31,000. Finally, Huntington National Bank increased its stake in shares of US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after buying an additional 409 shares during the period. 98.76% of the stock is 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.