US Foods (NYSE:USFD) Stock Price Expected to Rise, Piper Sandler Analyst Says

US Foods (NYSE:USFD) had its price objective hoisted by stock analysts at Piper Sandler from $61.00 to $75.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 11.96% from the stock’s current price.

Several other equities analysts have also issued reports on USFD. Barclays raised their price objective on US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Jefferies Financial Group boosted their price objective on US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Wells Fargo & Company raised their target price on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, US Foods has an average rating of “Buy” and an average target price of $71.09.

US Foods Trading Down 0.7 %

Shares of US Foods stock opened at $66.99 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01. The company has a fifty day simple moving average of $61.56 and a 200-day simple moving average of $56.51. The stock has a market cap of $16.38 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 1.10 and a beta of 1.66. US Foods has a 12-month low of $42.02 and a 12-month high of $68.00.

Insider Buying and Selling at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the sale, the chief financial officer now owns 88,563 shares in the company, valued at $5,132,225.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On US Foods

A number of large investors have recently added to or reduced their stakes in USFD. Acadian Asset Management LLC acquired a new stake in shares of US Foods in the second quarter valued at approximately $25,000. Quent Capital LLC lifted its stake in US Foods by 87.6% in the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after buying an additional 219 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in US Foods during the 2nd quarter valued at $30,000. Ashton Thomas Securities LLC purchased a new position in US Foods during the third quarter worth $31,000. Finally, 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 acquiring an additional 409 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

US Foods Company Profile

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.