Jefferies Financial Group Increases US Foods (NYSE:USFD) Price Target to $71.00

US Foods (NYSE:USFD) had its price target upped by research analysts at Jefferies Financial Group from $66.00 to $71.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 14.02% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Sunday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 9th. Piper Sandler raised their price objective on shares of US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, June 7th. JPMorgan Chase & Co. raised their price target on shares of US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company raised their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, US Foods presently has a consensus rating of “Buy” and a consensus price target of $66.82.

US Foods Price Performance

Shares of USFD traded up $0.48 during mid-day trading on Wednesday, reaching $62.27. The company had a trading volume of 78,826 shares, compared to its average volume of 1,808,427. The company’s 50 day simple moving average is $56.43 and its 200 day simple moving average is $54.05. US Foods has a 1-year low of $35.66 and a 1-year high of $62.55. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 1.01 and a beta of 1.66.

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

Insider Activity

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

Institutional Trading of US Foods

Several hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in US Foods by 23.5% in the 1st quarter. GAMMA Investing LLC now owns 1,088 shares of the company’s stock valued at $59,000 after purchasing an additional 207 shares during the period. Davis Investment Partners LLC grew its position in US Foods by 1.0% in the 1st quarter. Davis Investment Partners LLC now owns 22,832 shares of the company’s stock valued at $1,179,000 after purchasing an additional 222 shares during the period. Mount Yale Investment Advisors LLC grew its position in US Foods by 2.8% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 10,634 shares of the company’s stock valued at $574,000 after purchasing an additional 286 shares during the period. OLD National Bancorp IN boosted its holdings in US Foods by 5.0% during the 2nd quarter. OLD National Bancorp IN now owns 6,289 shares of the company’s stock worth $333,000 after acquiring an additional 301 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in US Foods by 3.8% during the 1st quarter. US Bancorp DE now owns 9,355 shares of the company’s stock worth $505,000 after acquiring an additional 344 shares during the last quarter. 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.