US Foods (NYSE:USFD) Price Target Raised to $82.00 at JPMorgan Chase & Co.

US Foods (NYSE:USFD) had its target price boosted by equities researchers at JPMorgan Chase & Co. from $70.00 to $82.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 5.33% from the stock’s previous close.

A number of other research analysts also recently weighed in on USFD. Truist Financial lifted their price target on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 13th. Guggenheim reissued a “buy” rating and issued a $80.00 target price on shares of US Foods in a report on Monday, May 12th. UBS Group raised their target price on shares of US Foods from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Finally, Barclays increased their target price on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $74.18.

US Foods Trading Up 0.8%

Shares of USFD traded up $0.62 during trading hours on Tuesday, hitting $77.85. The stock had a trading volume of 149,298 shares, compared to its average volume of 2,010,424. The company’s fifty day simple moving average is $66.02 and its 200 day simple moving average is $67.78. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. US Foods has a 12-month low of $50.05 and a 12-month high of $78.17. The firm has a market cap of $18.01 billion, a P/E ratio of 38.50, a P/E/G ratio of 1.03 and a beta of 1.35.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). The business had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. Equities research analysts forecast that US Foods will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the sale, the executive vice president now owns 115,077 shares of the company’s stock, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On US Foods

Several institutional investors have recently bought and sold shares of the company. Boston Partners boosted its stake in US Foods by 29.1% in the 1st quarter. Boston Partners now owns 16,457,351 shares of the company’s stock worth $1,076,225,000 after purchasing an additional 3,713,345 shares during the period. Wellington Management Group LLP increased its holdings in shares of US Foods by 3.7% in the first quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company’s stock worth $774,806,000 after purchasing an additional 426,288 shares during the period. Invesco Ltd. raised its position in shares of US Foods by 21.8% in the first quarter. Invesco Ltd. now owns 7,546,048 shares of the company’s stock worth $493,964,000 after buying an additional 1,350,034 shares in the last quarter. JPMorgan Chase & Co. grew its position in US Foods by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company’s stock worth $290,369,000 after buying an additional 292,404 shares in the last quarter. Finally, Norges Bank purchased a new position in US Foods in the 4th quarter worth approximately $211,300,000. Hedge funds and other institutional investors 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.