US Foods (NYSE:USFD) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

US Foods (NYSE:USFD - Get Free Report) had its target price raised by analysts at JPMorgan Chase & Co. from $82.00 to $85.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 11.91% from the company's previous close.

Several other equities analysts have also recently commented on the company. UBS Group boosted their target price on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Citigroup started coverage on shares of US Foods in a research report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price objective on the stock. Morgan Stanley lifted their target price on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Barclays increased their price target on shares of US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Guggenheim restated a "buy" rating and set a $80.00 price objective on shares of US Foods in a research report on Monday, May 12th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $77.00.

US Foods Stock Performance

Shares of NYSE USFD traded down $0.74 during mid-day trading on Wednesday, hitting $75.95. The company had a trading volume of 177,381 shares, compared to its average volume of 2,012,473. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02. US Foods has a 1 year low of $50.05 and a 1 year high of $79.64. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 34.87, a P/E/G ratio of 1.10 and a beta of 1.44. The stock's 50-day moving average price is $72.64 and its 200-day moving average price is $69.40.

US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). The firm had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. US Foods had a net margin of 1.38% and a return on equity of 15.58%. US Foods's revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. On average, sell-side analysts forecast that US Foods will post 3.59 earnings per share for the current year.

Insiders Place Their Bets

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the sale, the executive vice president now owns 115,077 shares in the company, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Colonial Trust Co SC bought a new stake in shares of US Foods during the 4th quarter valued at $25,000. GeoWealth Management LLC boosted its stake in US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after acquiring an additional 189 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in US Foods during the first quarter worth about $31,000. EverSource Wealth Advisors LLC grew 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 worth $32,000 after purchasing an additional 178 shares during the period. Finally, Legacy Investment Solutions LLC bought a new position in shares of US Foods during the fourth quarter valued at approximately $32,000. 98.76% of the stock is 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.

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