Piper Sandler Issues Positive Forecast for US Foods (NYSE:USFD) Stock Price

US Foods (NYSE:USFD) had its price target boosted by stock analysts at Piper Sandler from $75.00 to $77.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 8.07% from the company’s current price.

A number of other equities analysts have also recently weighed in on USFD. Barclays upped their price target on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday. Truist Financial increased their price target on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday. Melius started coverage on US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price target for the company. Morgan Stanley increased their price objective on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Finally, Melius Research upgraded US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $70.33.

US Foods Trading Up 0.2 %

USFD opened at $71.25 on Tuesday. The firm has a market cap of $16.60 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 0.95 and a beta of 1.67. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. US Foods has a 12 month low of $45.24 and a 12 month high of $73.00. The stock has a fifty day moving average price of $69.05 and a 200-day moving average price of $64.30.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a net margin of 1.54% and a return on equity of 14.15%. As a group, equities research analysts anticipate that US Foods will post 2.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Colonial Trust Co SC purchased a new position in US Foods in the fourth quarter valued at $25,000. GeoWealth Management LLC boosted its holdings in US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares during the period. Ashton Thomas Securities LLC purchased a new position in US Foods in the third quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its holdings in US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after purchasing an additional 178 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in US Foods in the fourth quarter valued at $32,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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.