US Foods (NYSE:USFD) Price Target Raised to $78.00 at Barclays

US Foods (NYSE:USFD) had its price target boosted by Barclays from $71.00 to $78.00 in a report issued on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

USFD has been the topic of several other research reports. JPMorgan Chase & Co. boosted their target price on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Company boosted their price objective on US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Jefferies Financial Group boosted their price objective on US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Truist Financial boosted their target price on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective 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 research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given 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 $71.09.

US Foods Trading Up 0.9 %

NYSE:USFD opened at $67.49 on Friday. US Foods has a 12 month low of $42.02 and a 12 month high of $68.00. The company has a quick ratio of 0.81, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. The company’s 50 day moving average is $61.39 and its 200-day moving average is $56.40. The firm has a market cap of $16.51 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 1.10 and a beta of 1.66.

Insider Activity at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction 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 sale, the chief financial officer now owns 88,563 shares in the company, valued at approximately $5,132,225.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Davis Investment Partners LLC grew its holdings in shares of US Foods by 0.7% during the 3rd quarter. Davis Investment Partners LLC now owns 28,864 shares of the company’s stock worth $1,775,000 after purchasing an additional 193 shares in the last quarter. First Horizon Advisors Inc. raised its position in US Foods by 54.2% in the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after purchasing an additional 202 shares during the last quarter. Quent Capital LLC raised its position in shares of US Foods by 87.6% during the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after acquiring an additional 219 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of US Foods by 3.3% during the third quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock worth $436,000 after acquiring an additional 226 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in shares of US Foods by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 20,897 shares of the company’s stock worth $1,285,000 after acquiring an additional 267 shares during the last quarter. 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.