Piper Sandler Forecasts Strong Price Appreciation for US Foods (NYSE:USFD) Stock

US Foods (NYSE:USFD) had its price objective boosted by investment analysts at Piper Sandler from $75.00 to $77.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 7.61% from the stock’s previous close.

Several other equities analysts also recently commented on USFD. Morgan Stanley boosted their price objective on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Jefferies Financial Group lifted their target price on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Melius Research raised US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, UBS Group boosted their price objective on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One equities research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $70.33.

US Foods Price Performance

NYSE USFD opened at $71.56 on Tuesday. The business’s fifty day moving average price is $69.11 and its 200-day moving average price is $64.47. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 35.42, a PEG ratio of 0.96 and a beta of 1.67. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. US Foods has a 1-year low of $49.64 and a 1-year high of $73.00.

US Foods (NYSE:USFD) last released its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). The company had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. On average, equities analysts predict that US Foods will post 3.61 earnings per share for the current year.

Insiders Place Their Bets

In other US Foods news, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the transaction, the director now owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On US Foods

A number of large investors have recently made changes to their positions in USFD. Colonial Trust Co SC acquired a new position in shares of US Foods in the 4th quarter valued at $25,000. GeoWealth Management LLC increased its position in shares of US Foods by 94.5% in the 4th 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 Investment Solutions LLC acquired a new position in shares of US Foods in the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC increased its position in shares of US Foods by 59.5% in the 4th 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. Finally, True Wealth Design LLC grew its position in US Foods by 153.6% during the 4th quarter. True Wealth Design LLC now owns 492 shares of the company’s stock worth $33,000 after purchasing an additional 298 shares during the period. 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.