US Foods (NYSE:USFD) Price Target Raised to $75.00 at Piper Sandler

US Foods (NYSE:USFD) had its price target increased by Piper Sandler from $61.00 to $75.00 in a report released on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft boosted their target price on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Truist Financial increased their price objective on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Wells Fargo & Company increased their price target on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. Finally, StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $71.09.

US Foods Stock Down 1.3 %

Shares of NYSE:USFD opened at $65.98 on Monday. US Foods has a fifty-two week low of $42.19 and a fifty-two week high of $68.00. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. The firm’s 50-day simple moving average is $61.72 and its 200-day simple moving average is $56.59. The company has a market cap of $15.37 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 1.12 and a beta of 1.66.

Insiders Place Their Bets

In other news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction dated 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 sale, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. The trade was a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by company insiders.

Institutional Trading of US Foods

Several hedge funds and other institutional investors have recently bought and sold shares of USFD. Lord Abbett & CO. LLC acquired a new stake in shares of US Foods during the first quarter worth $22,937,000. Janus Henderson Group PLC grew its holdings in US Foods by 46.3% in the 1st quarter. Janus Henderson Group PLC now owns 162,338 shares of the company’s stock valued at $8,759,000 after buying an additional 51,402 shares during the period. Entropy Technologies LP acquired a new position in shares of US Foods during the 1st quarter valued at about $232,000. Vanguard Group Inc. lifted 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 during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of US Foods by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 162,128 shares of the company’s stock worth $8,751,000 after acquiring an additional 9,652 shares during the last quarter. 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.