US Foods (NYSE:USFD) PT Raised to $61.00 at Piper Sandler

US Foods (NYSE:USFD) had its target price lifted by Piper Sandler from $59.00 to $61.00 in a report issued on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

USFD has been the subject of several other research reports. Barclays raised their price target on US Foods from $60.00 to $64.00 and gave the company an overweight rating in a report on Friday, May 10th. JPMorgan Chase & Co. raised their target price on shares of US Foods from $52.00 to $58.00 and gave the stock a neutral rating in a research note on Monday, June 3rd. Truist Financial upped their price target on shares of US Foods from $65.00 to $66.00 and gave the company a buy rating in a research note on Thursday. UBS Group raised their price objective on shares of US Foods from $64.00 to $67.00 and gave the stock a buy rating in a research report on Friday, May 10th. Finally, BMO Capital Markets reiterated an outperform rating and set a $62.00 target price (up previously from $58.00) on shares of US Foods in a research note on Friday, May 10th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of $62.00.

US Foods Stock Performance

USFD opened at $53.43 on Friday. The business’s 50-day simple moving average is $52.44 and its 200 day simple moving average is $49.44. US Foods has a 52-week low of $35.66 and a 52-week high of $55.98. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 1.31. The firm has a market capitalization of $13.14 billion, a PE ratio of 26.32, a PEG ratio of 0.92 and a beta of 1.60.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.93 billion. US Foods had a net margin of 1.41% and a return on equity of 13.08%. As a group, sell-side analysts expect that US Foods will post 2.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On US Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Redmont Wealth Advisors LLC acquired a new position in shares of US Foods during the first quarter worth $27,000. Blue Trust Inc. bought a new stake in US Foods during the 4th quarter worth $30,000. Rise Advisors LLC acquired a new position in US Foods in the 1st quarter worth about $30,000. GAMMA Investing LLC bought a new position in US Foods in the fourth quarter valued at about $41,000. Finally, Anchor Investment Management LLC bought a new position in US Foods in the fourth quarter valued at about $47,000. Institutional investors own 98.76% of the company’s stock.

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.