JPMorgan Chase & Co. Increases US Foods (NYSE:USFD) Price Target to $46.00

US Foods (NYSE:USFD) had its price target upped by analysts at JPMorgan Chase & Co. from $44.00 to $46.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 7.35% from the stock’s current price.

Several other brokerages also recently issued reports on USFD. Truist Financial raised their price objective on shares of US Foods from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Barclays lowered their price objective on shares of US Foods from $51.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, October 23rd. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 14th. Morgan Stanley raised their price objective on shares of US Foods from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on US Foods in a research report on Thursday, October 19th. They issued a “buy” rating and a $50.00 target price for the company. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $49.70.

US Foods Trading Up 1.2 %

Shares of US Foods stock opened at $42.85 on Friday. The company’s fifty day simple moving average is $39.31 and its 200-day simple moving average is $40.71. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 0.81 and a beta of 1.51. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.97. US Foods has a 1 year low of $33.61 and a 1 year high of $44.52.

Institutional Trading of US Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp increased its stake in shares of US Foods by 44.6% in the second quarter. Fifth Third Bancorp now owns 875 shares of the company’s stock valued at $38,000 after buying an additional 270 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of US Foods by 67.4% in the first quarter. NewEdge Advisors LLC now owns 708 shares of the company’s stock valued at $26,000 after buying an additional 285 shares in the last quarter. Janney Capital Management LLC increased its position in US Foods by 2.7% in the third quarter. Janney Capital Management LLC now owns 11,904 shares of the company’s stock worth $473,000 after purchasing an additional 315 shares during the period. Park Place Capital Corp increased its position in US Foods by 25.3% in the first quarter. Park Place Capital Corp now owns 1,705 shares of the company’s stock worth $63,000 after purchasing an additional 344 shares during the period. Finally, PAX Financial Group LLC increased its position in US Foods by 2.5% in the third quarter. PAX Financial Group LLC now owns 15,099 shares of the company’s stock worth $599,000 after purchasing an additional 372 shares during the period. 98.69% of the stock is currently owned by institutional investors and hedge funds.

About US Foods

US Foods Holding Corp., through its subsidiary, 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.