Piper Sandler Issues Positive Forecast for US Foods (NYSE:USFD) Stock Price

US Foods (NYSE:USFD) had its target price raised by Piper Sandler from $75.00 to $77.00 in a report published on Tuesday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other equities analysts have also weighed in on USFD. UBS Group boosted their price objective on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Melius began coverage on US Foods in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.00 target price for the company. Barclays upped their price target on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Jefferies Financial Group lifted their price objective on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Truist Financial upped their target price on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $70.33.

US Foods Stock Down 0.4 %

Shares of US Foods stock opened at $70.97 on Tuesday. The company has a market cap of $16.53 billion, a P/E ratio of 30.46, a PEG ratio of 0.95 and a beta of 1.67. The firm has a fifty day moving average of $69.05 and a two-hundred day moving average of $64.30. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. US Foods has a one year low of $49.64 and a one year high of $73.00.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). US Foods had a net margin of 1.54% and a return on equity of 14.15%. The business had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. On average, analysts forecast that US Foods will post 2.94 earnings per share for the current year.

Institutional Trading of US Foods

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Boston Partners increased its position in shares of US Foods by 0.6% in the fourth quarter. Boston Partners now owns 12,744,006 shares of the company’s stock worth $860,460,000 after acquiring an additional 77,012 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of US Foods by 25.2% during the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock valued at $744,548,000 after buying an additional 2,435,357 shares in the last quarter. State Street Corp raised its holdings in shares of US Foods by 4.7% during the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after acquiring an additional 316,061 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in US Foods by 4.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock valued at $420,781,000 after purchasing an additional 291,016 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in US Foods by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company’s stock worth $290,369,000 after acquiring an additional 292,404 shares during the period. Institutional investors and hedge funds 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.