Piper Sandler Forecasts Strong Price Appreciation for US Foods (NYSE:USFD) Stock

US Foods (NYSE:USFD) had its price objective hoisted by equities researchers at Piper Sandler from $61.00 to $75.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 11.96% from the company’s current price.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their target price on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Truist Financial raised their target price on shares of US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. UBS Group upped their price target on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their price target on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. Finally, Barclays boosted their price objective on shares of US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, US Foods has an average rating of “Buy” and an average price target of $71.09.

US Foods Trading Down 0.7 %

Shares of US Foods stock opened at $66.99 on Monday. The firm has a market cap of $16.38 billion, a PE ratio of 28.75, a P/E/G ratio of 1.10 and a beta of 1.66. The company has a quick ratio of 0.81, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. US Foods has a fifty-two week low of $42.02 and a fifty-two week high of $68.00. The business’s fifty day moving average is $61.56 and its two-hundred day moving average is $56.51.

Insider Buying and Selling at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the transaction, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On US Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake in shares of US Foods by 46.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock valued at $347,069,000 after acquiring an additional 2,064,321 shares in the last quarter. Congress Asset Management Co. purchased a new position in US Foods in the third quarter valued at about $121,196,000. Interval Partners LP grew its stake in US Foods by 371.2% during the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock valued at $98,905,000 after purchasing an additional 1,470,630 shares in the last quarter. Vanguard Group Inc. increased its holdings in 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 during the last quarter. Finally, Ensign Peak Advisors Inc raised its position in shares of US Foods by 175.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company’s stock valued at $57,764,000 after purchasing an additional 694,999 shares in the last quarter. Hedge funds and other 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.