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

US Foods (NYSE:USFD) had its price target upped by Piper Sandler from $61.00 to $75.00 in a report published on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, November 8th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Truist Financial increased their price objective on US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays boosted their target price on US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, UBS Group increased their price target on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $71.09.

US Foods Trading Down 1.3 %

Shares of NYSE USFD opened at $65.98 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $15.37 billion, a PE ratio of 28.32, a PEG ratio of 1.12 and a beta of 1.66. US Foods has a twelve month low of $42.19 and a twelve month high of $68.00. The stock has a fifty day simple moving average of $61.72 and a 200-day simple moving average of $56.59.

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 stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the sale, the chief financial officer now owns 88,563 shares in the company, valued at approximately $5,132,225.85. The trade was a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On US Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USFD. Vanguard Group Inc. increased its holdings in shares of US Foods by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after acquiring an additional 796,434 shares during the period. Boston Partners raised its holdings in shares of US Foods by 3.5% in the first quarter. Boston Partners now owns 16,527,901 shares of the company’s stock valued at $891,073,000 after buying an additional 566,277 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of US Foods by 5.1% in the second quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company’s stock valued at $550,111,000 after buying an additional 500,129 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of US Foods by 4.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock worth $420,781,000 after buying an additional 291,016 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of US Foods by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company’s stock worth $239,940,000 after buying an additional 567,601 shares during the last quarter. Hedge funds and other 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.