Truist Financial Boosts US Foods (NYSE:USFD) Price Target to $78.00

US Foods (NYSE:USFD) had its price objective boosted by stock analysts at Truist Financial from $74.00 to $78.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 14.03% from the company’s current price.

Other analysts also recently issued research reports about the company. Wells Fargo & Company lifted their target price on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. Melius Research upgraded US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. UBS Group lifted their target price on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Melius initiated coverage on shares of US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price objective for the company. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $67.42.

US Foods Trading Up 0.5 %

NYSE:USFD opened at $68.41 on Thursday. US Foods has a 12-month low of $44.81 and a 12-month high of $72.84. The firm has a market capitalization of $15.93 billion, a P/E ratio of 29.36, a P/E/G ratio of 0.91 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. The business has a 50 day simple moving average of $68.31 and a 200 day simple moving average of $61.51.

Institutional Trading of US Foods

A number of institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of US Foods by 25.2% in the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after purchasing an additional 2,435,357 shares during the last quarter. State Street Corp increased its stake in shares of US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after purchasing an additional 316,061 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in US Foods by 4.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock valued at $420,781,000 after acquiring an additional 291,016 shares during the period. Dimensional Fund Advisors LP lifted its holdings in US Foods by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company’s stock worth $239,940,000 after purchasing an additional 567,601 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in US Foods by 6.5% during the third quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock valued at $244,401,000 after acquiring an additional 241,900 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

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.