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

US Foods (NYSE:USFD) had its price target raised by Wells Fargo & Company from $66.00 to $75.00 in a research report released on Wednesday, Benzinga reports. They currently have an overweight rating on the stock.

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

US Foods Stock Performance

NYSE:USFD opened at $61.58 on Wednesday. The company has a market capitalization of $15.06 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 1.00 and a beta of 1.66. The business has a 50 day moving average of $56.07 and a 200 day moving average of $53.92. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. US Foods has a 1-year low of $35.66 and a 1-year high of $62.34.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. The firm had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.62 billion. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 earnings per share. On average, sell-side analysts predict that US Foods will post 2.9 earnings per share for the current fiscal year.

Insider Buying and Selling at US Foods

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction on Thursday, September 12th. The stock was 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 owns 88,563 shares in the company, valued at $5,132,225.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Institutional Trading of US Foods

Institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of US Foods in the 2nd quarter worth $25,000. Redmont Wealth Advisors LLC purchased a new position in US Foods in the 1st quarter worth about $27,000. Rise Advisors LLC bought a new position in US Foods during the 1st quarter valued at about $30,000. International Assets Investment Management LLC purchased a new stake in shares of US Foods during the 2nd quarter valued at about $30,000. Finally, Headlands Technologies LLC bought a new stake in shares of US Foods in the first quarter worth approximately $50,000. 98.76% of the stock is currently owned by institutional investors.

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.