Wells Fargo & Company Increases US Foods (NYSE:USFD) Price Target to $66.00

US Foods (NYSE:USFD) had its price objective hoisted by analysts at Wells Fargo & Company from $63.00 to $66.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 23.50% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Barclays boosted their target price on shares of US Foods from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. 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 research report on Friday, May 10th. UBS Group boosted their target price on shares of US Foods from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. boosted their target price on shares of US Foods from $52.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price objective (up previously from $58.00) on shares of US Foods in a research report on Friday, May 10th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $62.00.

US Foods Trading Down 0.7 %

USFD stock opened at $53.44 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.31 and a quick ratio of 0.81. The company has a fifty day moving average price of $52.44 and a two-hundred day moving average price of $49.35. US Foods has a one year low of $35.66 and a one year high of $55.98. The stock has a market cap of $13.14 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 0.92 and a beta of 1.60.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.93 billion. US Foods had a return on equity of 13.08% and a net margin of 1.41%. Equities analysts anticipate that US Foods will post 2.91 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Redmont Wealth Advisors LLC acquired a new position in US Foods during the first quarter worth about $27,000. Blue Trust Inc. acquired a new position in US Foods during the fourth quarter worth about $30,000. Rise Advisors LLC acquired a new position in US Foods during the first quarter worth about $30,000. GAMMA Investing LLC acquired a new position in US Foods during the fourth quarter worth about $41,000. Finally, Anchor Investment Management LLC acquired a new position in US Foods during the fourth quarter worth about $47,000. Institutional investors and hedge funds 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.