US Foods (NYSE:USFD) Price Target Raised to $77.00 at Piper Sandler

US Foods (NYSE:USFD) had its price objective hoisted by Piper Sandler from $75.00 to $77.00 in a research note released on Tuesday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other analysts have also commented on the stock. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. UBS Group raised their target price on US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. upped their price target on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Morgan Stanley raised their price objective on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, Jefferies Financial Group upped their target price on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, US Foods has an average rating of “Buy” and a consensus target price of $70.33.

US Foods Price Performance

NYSE USFD opened at $71.66 on Tuesday. The company has a market cap of $16.51 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 0.95 and a beta of 1.67. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The stock’s fifty day moving average price is $69.16 and its 200 day moving average price is $64.52. US Foods has a 1 year low of $49.65 and a 1 year high of $73.19.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. As a group, equities research analysts forecast that US Foods will post 3.61 earnings per share for the current year.

Insider Activity

In related news, Director David W. Bullock acquired 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the transaction, the director now owns 4,500 shares in the company, valued at $319,770. This represents a 800.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.70% of the company’s stock.

Institutional Trading of US Foods

Hedge funds and other institutional investors have recently modified their holdings of the stock. Retirement Systems of Alabama increased its position in US Foods by 5.4% during the third quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock worth $21,462,000 after purchasing an additional 17,897 shares during the last quarter. State Street Corp grew its stake in shares of US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after buying an additional 316,061 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of US Foods by 121.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock worth $3,164,000 after buying an additional 28,232 shares during the last quarter. Jag Capital Management LLC raised its position in shares of US Foods by 3,175.1% during the 3rd quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock valued at $10,407,000 after buying an additional 164,060 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in US Foods by 72.0% in the third quarter. Venturi Wealth Management LLC now owns 657 shares of the company’s stock valued at $40,000 after acquiring an additional 275 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

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.