US Foods (NYSE:USFD) Price Target Raised to $85.00 at Piper Sandler

US Foods (NYSE:USFD) had its price target boosted by Piper Sandler from $77.00 to $85.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts also recently issued reports on USFD. UBS Group increased their price target on shares of US Foods from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Barclays increased their price target on shares of US Foods from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Morgan Stanley reissued an “overweight” rating and set a $89.00 price target (up from $84.00) on shares of US Foods in a report on Monday, July 14th. Wall Street Zen downgraded shares of US Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of US Foods from $82.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $81.27.

US Foods Trading Down 0.3%

NYSE:USFD opened at $77.40 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. US Foods has a 52 week low of $56.47 and a 52 week high of $85.11. The stock has a market capitalization of $17.43 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 1.09 and a beta of 1.39. The firm has a 50 day moving average of $79.86 and a 200 day moving average of $73.16.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. The business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $10.17 billion. US Foods had a net margin of 1.43% and a return on equity of 16.86%. US Foods’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, sell-side analysts anticipate that US Foods will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling at US Foods

In other news, EVP Dirk J. Locascio sold 7,500 shares of the firm’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $600,000.00. Following the transaction, the executive vice president directly owned 115,077 shares of the company’s stock, valued at approximately $9,206,160. This trade represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On US Foods

A number of institutional investors have recently made changes to their positions in USFD. Colonial Trust Co SC acquired a new stake in shares of US Foods during the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of US Foods in the first quarter valued at approximately $31,000. True Wealth Design LLC grew its holdings in shares of US Foods by 153.6% in the fourth quarter. True Wealth Design LLC now owns 492 shares of the company’s stock valued at $33,000 after purchasing an additional 298 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of US Foods by 120.1% in the second quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock valued at $37,000 after purchasing an additional 263 shares in the last quarter. Finally, MAI Capital Management grew its holdings in shares of US Foods by 155.6% in the second quarter. MAI Capital Management now owns 529 shares of the company’s stock valued at $41,000 after purchasing an additional 322 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.