Wells Fargo & Company Increases US Foods (NYSE:USFD) Price Target to $75.00

US Foods (NYSE:USFD) had its price target boosted by Wells Fargo & Company from $66.00 to $75.00 in a research note published on Wednesday, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. raised their target price on US Foods from $60.00 to $68.00 and gave the stock a neutral rating in a report on Monday, September 16th. Truist Financial raised their price objective on US Foods from $65.00 to $66.00 and gave the stock a buy rating in a research note on Thursday, June 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on US Foods from $72.00 to $75.00 and gave the company a buy rating in a research note on Friday, August 9th. Piper Sandler raised their target price on shares of US Foods from $59.00 to $61.00 and gave the stock an overweight rating in a research note on Friday, June 7th. Finally, StockNews.com cut shares of US Foods from a strong-buy rating to a buy rating in a research note on Saturday, September 14th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, US Foods currently has an average rating of Moderate Buy and a consensus price target of $66.40.

US Foods Trading Down 0.6 %

US Foods stock opened at $61.58 on Wednesday. US Foods has a 52-week low of $35.66 and a 52-week high of $62.34. The company has a market cap of $15.06 billion, a P/E ratio of 30.34, a P/E/G ratio of 1.00 and a beta of 1.66. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. The business has a 50-day simple moving average of $56.07 and a two-hundred day simple moving average of $53.92.

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

Insider Transactions at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the transaction, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at $5,132,225.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On US Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USFD. Vanguard Group Inc. raised its holdings in shares of US Foods by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock worth $1,242,336,000 after acquiring an additional 796,434 shares in the last quarter. Boston Partners lifted its position in US Foods by 3.5% during the first quarter. Boston Partners now owns 16,527,901 shares of the company’s stock valued at $891,073,000 after purchasing an additional 566,277 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of US Foods by 5.1% in the 2nd quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company’s stock worth $550,111,000 after buying an additional 500,129 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of US Foods by 46.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock worth $347,069,000 after buying an additional 2,064,321 shares during the last quarter. Finally, Dorsal Capital Management LP increased its holdings in shares of US Foods by 2.0% in the 4th quarter. Dorsal Capital Management LP now owns 5,000,000 shares of the company’s stock worth $227,050,000 after buying an additional 100,000 shares during the last quarter. 98.76% of the stock is owned by 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.