US Foods (NYSE:USFD) Price Target Raised to $82.00

US Foods (NYSE:USFD) had its target price hoisted by research analysts at JPMorgan Chase & Co. from $70.00 to $82.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 5.33% from the company’s current price.

Several other research firms have also recently commented on USFD. Morgan Stanley upped their price target on US Foods from $81.00 to $84.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Barclays lifted their price objective on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Guggenheim reiterated a “buy” rating and set a $80.00 target price on shares of US Foods in a research report on Monday, May 12th. Truist Financial raised their price objective on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, UBS Group raised their target price on US Foods from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, May 9th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, US Foods presently has a consensus rating of “Buy” and a consensus price target of $74.18.

US Foods Stock Up 0.8%

Shares of US Foods stock traded up $0.62 during trading on Tuesday, reaching $77.85. The company’s stock had a trading volume of 149,298 shares, compared to its average volume of 2,010,424. US Foods has a 1-year low of $50.05 and a 1-year high of $78.17. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The company has a market cap of $18.01 billion, a price-to-earnings ratio of 38.50, a P/E/G ratio of 1.03 and a beta of 1.35. The company has a 50-day simple moving average of $66.02 and a two-hundred day simple moving average of $67.78.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). The company had revenue of $9.35 billion during the quarter, compared to analysts’ expectations of $9.42 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 EPS. As a group, equities analysts forecast that US Foods will post 3.59 earnings per share for the current year.

Insider Buying and Selling

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the sale, the executive vice president now owns 115,077 shares of the company’s stock, valued at $8,630,775. The trade was a 11.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

Institutional Trading of US Foods

Hedge funds and other institutional investors have recently made changes to their positions in the business. EntryPoint Capital LLC purchased a new position in shares of US Foods during the 4th quarter valued at approximately $357,000. Longbow Finance SA acquired a new stake in shares of US Foods during the 4th quarter worth about $9,001,000. Avantax Advisory Services Inc. increased its holdings in US Foods by 121.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company’s stock valued at $751,000 after purchasing an additional 6,108 shares during the last quarter. Merit Financial Group LLC purchased a new position in shares of US Foods in the fourth quarter valued at approximately $413,000. Finally, Westover Capital Advisors LLC boosted its stake in shares of US Foods by 199.2% in the 4th quarter. Westover Capital Advisors LLC now owns 25,722 shares of the company’s stock valued at $1,735,000 after buying an additional 17,125 shares during the period. Hedge funds and other institutional investors 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.