Truist Financial Forecasts Strong Price Appreciation for US Foods (NYSE:USFD) Stock

US Foods (NYSE:USFD) had its price objective raised by Truist Financial from $78.00 to $80.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

USFD has been the topic of a number of other reports. UBS Group boosted their target price on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group lifted their price objective on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Morgan Stanley lifted their price objective on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Piper Sandler lifted their price objective on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Melius started coverage on shares of US Foods in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price objective for the company. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $70.17.

US Foods Price Performance

Shares of USFD opened at $71.25 on Friday. The company has a market cap of $16.60 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 0.95 and a beta of 1.67. US Foods has a 1-year low of $45.24 and a 1-year high of $73.00. The company’s fifty day simple moving average is $69.02 and its 200 day simple moving average is $64.04. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). US Foods had a return on equity of 14.15% and a net margin of 1.54%. On average, research analysts forecast that US Foods will post 2.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On US Foods

Institutional investors have recently modified their holdings of the business. GeoWealth Management LLC boosted its position in shares of US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares during the period. Legacy Wealth Managment LLC ID bought a new stake in shares of US Foods in the fourth quarter valued at about $32,000. EverSource Wealth Advisors LLC boosted its position in shares of US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after acquiring an additional 178 shares during the period. Ashton Thomas Securities LLC acquired a new position in US Foods in the third quarter valued at about $31,000. Finally, R Squared Ltd acquired a new position in US Foods in the fourth quarter valued at about $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.