US Foods (NYSE:USFD) PT Raised to $71.00 at Jefferies Financial Group

US Foods (NYSE:USFD) had its price target hoisted by stock analysts at Jefferies Financial Group from $66.00 to $71.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 13.02% from the stock’s current price.

Several other brokerages have also weighed in on USFD. JPMorgan Chase & Co. increased their target price on shares of US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 22nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Wells Fargo & Company increased their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Finally, Truist Financial increased their price target on shares of US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. One research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $66.82.

US Foods Trading Up 0.7 %

Shares of USFD opened at $62.82 on Wednesday. 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 has a 12-month low of $35.66 and a 12-month high of $62.94. The firm has a 50-day moving average price of $56.80 and a 200 day moving average price of $54.16. The firm has a market capitalization of $15.45 billion, a P/E ratio of 30.95, a P/E/G ratio of 1.02 and a beta of 1.66.

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

Insider Activity at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at $5,132,225.85. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of US Foods

Several hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in US Foods during the second quarter worth approximately $25,000. Redmont Wealth Advisors LLC acquired a new stake in US Foods during the first quarter worth approximately $27,000. Rise Advisors LLC acquired a new stake in US Foods during the first quarter worth approximately $30,000. International Assets Investment Management LLC acquired a new stake in US Foods during the second quarter worth approximately $30,000. Finally, Headlands Technologies LLC acquired a new stake in US Foods during the first quarter worth approximately $50,000. 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.