US Foods (NYSE:USFD) Price Target Increased to $68.00 by Analysts at JPMorgan Chase & Co.

US Foods (NYSE:USFD) had its price target boosted by investment analysts at JPMorgan Chase & Co. from $60.00 to $68.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 11.17% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. StockNews.com downgraded shares of US Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Piper Sandler boosted their price target on shares of US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, June 7th. Truist Financial upped their price objective on shares of US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Wells Fargo & Company lifted their target price on US Foods from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.50.

US Foods Trading Up 0.3 %

Shares of NYSE:USFD opened at $61.17 on Monday. US Foods has a 52 week low of $35.66 and a 52 week high of $61.51. The company’s 50 day moving average is $55.48 and its two-hundred day moving average is $53.73. The company has a market cap of $15.04 billion, a PE ratio of 30.13, a P/E/G ratio of 0.97 and a beta of 1.66. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The business had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the prior year, the firm posted $0.73 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts predict that US Foods will post 2.9 earnings per share for the current fiscal year.

Insider Activity at US Foods

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On US Foods

A number of large investors have recently bought and sold shares of USFD. Norges Bank purchased a new position in shares of US Foods during the 4th quarter worth approximately $108,316,000. Massachusetts Financial Services Co. MA raised its position in US Foods by 46.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock worth $347,069,000 after acquiring an additional 2,064,321 shares in the last quarter. Interval Partners LP lifted its holdings in US Foods by 371.2% in the second quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock valued at $98,905,000 after acquiring an additional 1,470,630 shares during the period. Vanguard Group Inc. boosted its position in shares of US Foods by 3.6% during 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 in the last quarter. Finally, Ensign Peak Advisors Inc grew its stake in shares of US Foods by 175.8% during 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.