US Foods (NYSE:USFD) Given New $66.00 Price Target at Truist Financial

US Foods (NYSE:USFD) had its price target hoisted by analysts at Truist Financial from $65.00 to $66.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 23.50% from the company’s current price.

Several other research firms have also weighed in on USFD. Morgan Stanley boosted their target price on shares of US Foods from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, May 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 target price (up from $58.00) on shares of US Foods in a report on Friday, May 10th. Piper Sandler upgraded shares of US Foods from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $45.00 to $59.00 in a report on Tuesday, February 20th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of US Foods from $52.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, US Foods presently has a consensus rating of “Buy” and an average target price of $62.00.

US Foods Stock Performance

USFD opened at $53.44 on Thursday. The firm has a market capitalization of $13.14 billion, a PE ratio of 26.33, a PEG ratio of 0.92 and a beta of 1.60. US Foods has a twelve month low of $35.66 and a twelve month high of $55.98. The firm’s 50-day moving average price is $52.44 and its 200 day moving average price is $49.35. The company has a current ratio of 1.31, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The business had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.93 billion. US Foods had a return on equity of 13.08% and a net margin of 1.41%. As a group, sell-side analysts expect that US Foods will post 2.91 EPS for the current fiscal year.

Institutional Investors Weigh In On US Foods

Large investors have recently added to or reduced their stakes in the business. Redmont Wealth Advisors LLC purchased a new stake in US Foods during the 1st quarter worth approximately $27,000. Rise Advisors LLC purchased a new stake in US Foods during the 1st quarter worth approximately $30,000. Blue Trust Inc. purchased a new stake in shares of US Foods in the 4th quarter valued at approximately $30,000. GAMMA Investing LLC purchased a new stake in shares of US Foods in the 4th quarter valued at approximately $41,000. Finally, Headlands Technologies LLC purchased a new stake in shares of US Foods in the 1st quarter valued at approximately $50,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.