US Foods (NYSE:USFD) Given New $77.00 Price Target at UBS Group

US Foods (NYSE:USFD) had its price target hoisted by UBS Group from $67.00 to $77.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

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

US Foods Stock Up 0.9 %

USFD stock opened at $67.49 on Friday. US Foods has a fifty-two week low of $42.02 and a fifty-two week high of $68.00. The business’s 50-day moving average is $61.39 and its two-hundred day moving average is $56.40. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.81 and a current ratio of 1.19. The company has a market cap of $16.51 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 1.10 and a beta of 1.66.

Insider Buying and Selling at US Foods

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 88,563 shares in the company, valued at $5,132,225.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On US Foods

Several institutional investors have recently added to or reduced their stakes in USFD. Massachusetts Financial Services Co. MA boosted its holdings in shares of US Foods by 46.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock worth $347,069,000 after purchasing an additional 2,064,321 shares during the period. Congress Asset Management Co. purchased a new position in shares of US Foods in the 3rd quarter worth approximately $121,196,000. Interval Partners LP boosted its holdings in shares of US Foods by 371.2% in the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock worth $98,905,000 after purchasing an additional 1,470,630 shares during the period. Vanguard Group Inc. boosted its holdings in shares of US Foods by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock worth $1,242,336,000 after purchasing an additional 796,434 shares during the period. Finally, Ensign Peak Advisors Inc boosted its holdings in shares of US Foods by 175.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company’s stock worth $57,764,000 after purchasing an additional 694,999 shares during the period. Hedge funds and other 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.