US Foods (NYSE:USFD - Get Free Report) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $82.00 to $85.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 9.96% from the company's previous close.
Several other equities research analysts have also commented on the company. Guggenheim restated a "buy" rating and set a $80.00 target price on shares of US Foods in a research report on Monday, May 12th. Barclays increased their price target on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Morgan Stanley raised their price objective on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Citigroup initiated coverage on shares of US Foods in a research report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $77.00.
View Our Latest Research Report on USFD
US Foods Trading Up 0.8%
Shares of USFD stock traded up $0.59 during mid-day trading on Wednesday, reaching $77.30. 2,603,017 shares of the stock traded hands, compared to its average volume of 2,018,040. The stock's fifty day simple moving average is $73.52 and its two-hundred day simple moving average is $69.54. US Foods has a 1-year low of $50.05 and a 1-year high of $79.64. The company has a market cap of $17.88 billion, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 1.11 and a beta of 1.44. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 1.02.
US Foods (NYSE:USFD - Get Free Report) last posted 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 company had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.42 billion. US Foods had a return on equity of 15.58% and a net margin of 1.38%. US Foods's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. On average, research analysts anticipate that US Foods will post 3.59 EPS for the current fiscal year.
Insider Activity
In related news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the transaction, the executive vice president now owns 115,077 shares of the company's stock, valued at $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Colonial Trust Co SC purchased a new position in shares of US Foods during the fourth quarter valued at approximately $25,000. GeoWealth Management LLC boosted its position in shares of US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after buying an additional 189 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of US Foods during the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC boosted its position in shares of US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after buying an additional 178 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of US Foods during the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 98.76% of the company's stock.
US Foods Company Profile
(
Get Free Report)
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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