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

US Foods (NYSE:USFD) had its price objective increased by Piper Sandler from $77.00 to $85.00 in a research note issued on Tuesday, Marketbeat Ratings reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s target price suggests a potential upside of 10.14% from the company’s previous close.

USFD has been the topic of a number of other reports. Morgan Stanley reaffirmed an “overweight” rating and set a $89.00 price objective (up from $84.00) on shares of US Foods in a research report on Monday, July 14th. Guggenheim lifted their target price on shares of US Foods from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Wall Street Zen cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. Wells Fargo & Company reiterated an “overweight” rating and issued a $87.00 target price (up from $80.00) on shares of US Foods in a research note on Friday, August 8th. Finally, Citigroup initiated coverage on shares of US Foods in a research report on Thursday, May 22nd. They issued a “buy” rating and a $95.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $81.27.

US Foods Stock Performance

Shares of USFD opened at $77.18 on Tuesday. The firm’s 50 day moving average is $79.88 and its 200-day moving average is $73.19. The stock has a market capitalization of $17.38 billion, a P/E ratio of 32.98, a P/E/G ratio of 1.09 and a beta of 1.39. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73. US Foods has a 12-month low of $56.47 and a 12-month high of $85.11.

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

Insider Transactions at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the business’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $600,000.00. Following the sale, the executive vice president owned 115,077 shares of the company’s stock, valued at $9,206,160. The trade was a 6.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On US Foods

Several institutional investors and hedge funds have recently made changes to their positions in USFD. Colonial Trust Co SC acquired a new position in US Foods during the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in US Foods during the 1st quarter worth about $31,000. True Wealth Design LLC lifted 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 buying an additional 298 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in US Foods by 120.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock worth $37,000 after buying an additional 263 shares in the last quarter. Finally, MAI Capital Management lifted its position in US Foods by 155.6% during the 2nd quarter. MAI Capital Management now owns 529 shares of the company’s stock worth $41,000 after buying an additional 322 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

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.