JPMorgan Chase & Co. Boosts US Foods (NYSE:USFD) Price Target to $69.00

US Foods (NYSE:USFD) had its price objective increased by JPMorgan Chase & Co. from $68.00 to $69.00 in a research note released on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

USFD has been the topic of several other research reports. Truist Financial boosted their price target on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company lifted their price objective on US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Jefferies Financial Group lifted their price objective on US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $71.09.

US Foods Price Performance

Shares of NYSE:USFD opened at $67.49 on Friday. The business’s 50 day simple moving average is $61.39 and its 200-day simple moving average is $56.40. The firm has a market capitalization of $16.51 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 1.10 and a beta of 1.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.81. US Foods has a 12 month low of $42.02 and a 12 month high of $68.00.

Insiders Place Their Bets

In other news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the sale, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of US Foods

Institutional investors and hedge funds have recently made changes to their positions in the company. Quent Capital LLC increased its holdings in shares of US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after buying an additional 219 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of US Foods during the 2nd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of US Foods during the 3rd quarter worth $31,000. Huntington National Bank increased its holdings in shares of US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after buying an additional 409 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in US Foods in the 3rd quarter valued at $34,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.