US Foods (NYSE:USFD) Price Target Raised to $78.00 at Truist Financial

US Foods (NYSE:USFD) had its price objective raised by equities research analysts at Truist Financial from $74.00 to $78.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 14.71% from the company’s previous close.

A number of other research firms also recently commented on USFD. Barclays increased their target price on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Piper Sandler lifted their price target on US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Melius began coverage on US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 target price for the company. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $67.42.

US Foods Price Performance

NYSE USFD traded up $0.07 on Thursday, reaching $68.00. The company had a trading volume of 236,034 shares, compared to its average volume of 1,362,367. The firm’s 50 day moving average price is $68.25 and its 200 day moving average price is $61.36. US Foods has a 12 month low of $44.81 and a 12 month high of $72.84. The stock has a market capitalization of $15.84 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 0.91 and a beta of 1.67. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01.

Institutional Trading of US Foods

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quent Capital LLC lifted its position in shares of US Foods by 87.6% during the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after buying an additional 219 shares during the last quarter. Acadian Asset Management LLC purchased a new position in US Foods during the 2nd quarter worth $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of US Foods during the third quarter worth about $31,000. Huntington National Bank raised its holdings in shares of US Foods by 332.5% in the third quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after buying an additional 409 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of US Foods in the 3rd quarter valued at $34,000. Institutional investors own 98.76% of the company’s stock.

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.