Truist Financial Increases US Foods (NYSE:USFD) Price Target to $80.00

US Foods (NYSE:USFD) had its price objective boosted by investment analysts at Truist Financial from $78.00 to $80.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 12.29% from the company’s current price.

USFD has been the topic of several other research reports. Melius assumed coverage on US Foods in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Jefferies Financial Group boosted their price objective on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. Morgan Stanley boosted their price objective on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, Melius Research raised US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $70.17.

US Foods Stock Up 0.2 %

Shares of USFD stock opened at $71.25 on Friday. US Foods has a 1-year low of $45.24 and a 1-year high of $73.00. The stock’s fifty day moving average price is $69.02 and its 200 day moving average price is $64.11. 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 company has a market cap of $16.60 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 0.95 and a beta of 1.67.

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

Institutional Investors Weigh In On US Foods

Large investors have recently bought and sold shares of the company. Retirement Systems of Alabama increased its stake in US Foods by 5.4% during the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock worth $21,462,000 after buying an additional 17,897 shares in the last quarter. State Street Corp grew its position 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 valued at $433,299,000 after purchasing an additional 316,061 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of US Foods by 121.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock valued at $3,164,000 after purchasing an additional 28,232 shares in the last quarter. Jag Capital Management LLC grew its position in shares of US Foods by 3,175.1% in the third quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock valued at $10,407,000 after purchasing an additional 164,060 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of US Foods by 72.0% in the third quarter. Venturi Wealth Management LLC now owns 657 shares of the company’s stock valued at $40,000 after purchasing an additional 275 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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.