US Foods (NYSE:USFD) Price Target Increased to $68.00 by Analysts at JPMorgan Chase & Co.

US Foods (NYSE:USFD) had its target price upped by JPMorgan Chase & Co. from $60.00 to $68.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts have also issued reports on USFD. Deutsche Bank Aktiengesellschaft lifted their target price on US Foods from $72.00 to $75.00 and gave the company a buy rating in a report on Friday, August 9th. Wells Fargo & Company upped their target price on shares of US Foods from $63.00 to $66.00 and gave the stock an overweight rating in a research note on Thursday, June 6th. Truist Financial boosted their price target 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. StockNews.com cut shares of US Foods from a strong-buy rating to a buy rating in a research report on Saturday. Finally, Piper Sandler increased their target price on US Foods from $59.00 to $61.00 and gave the company an overweight rating in a report on Friday, June 7th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, US Foods currently has a consensus rating of Moderate Buy and an average target price of $65.50.

US Foods Stock Up 2.1 %

Shares of NYSE:USFD opened at $61.01 on Monday. The firm has a market capitalization of $14.92 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 0.97 and a beta of 1.66. US Foods has a 1 year low of $35.66 and a 1 year high of $61.11. 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 firm’s 50-day moving average is $55.25 and its two-hundred day moving average is $53.66.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The firm had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the prior year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts predict that US Foods will post 2.9 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in US Foods in the fourth quarter valued at $108,316,000. Massachusetts Financial Services Co. MA grew its holdings in shares of 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 during the last quarter. Interval Partners LP increased its position in US Foods by 371.2% in the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock valued at $98,905,000 after acquiring an additional 1,470,630 shares during the period. Vanguard Group Inc. increased its position in US Foods by 3.6% in the 1st 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 during the period. Finally, Ensign Peak Advisors Inc raised its stake in US Foods by 175.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company’s stock valued at $57,764,000 after acquiring an additional 694,999 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

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.