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

US Foods (NYSE:USFDFree Report) had its price target raised by Piper Sandler from $59.00 to $61.00 in a research note released on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other analysts also recently issued research reports about the company. Morgan Stanley lifted their target price on US Foods from $62.00 to $64.00 and gave the company an overweight rating in a research report on Friday, May 10th. Barclays upped their price objective on US Foods from $60.00 to $64.00 and gave the stock an overweight rating in a research note on Friday, May 10th. StockNews.com raised shares of US Foods from a buy rating to a strong-buy rating in a research note on Friday, February 23rd. Wells Fargo & Company upped their price target on shares of US Foods from $63.00 to $66.00 and gave the stock an overweight rating in a research report on Thursday. Finally, Truist Financial lifted their price objective on shares of US Foods from $65.00 to $66.00 and gave the company a buy rating in a research report on Thursday. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of $62.00.

View Our Latest Stock Analysis on US Foods

US Foods Stock Down 0.7 %

NYSE:USFD opened at $53.44 on Friday. The company has a market cap of $13.14 billion, a PE ratio of 26.33, a PEG ratio of 0.93 and a beta of 1.60. The stock has a 50-day simple moving average of $52.44 and a 200 day simple moving average of $49.35. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 1.31. US Foods has a 52-week low of $35.66 and a 52-week high of $55.98.

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

Hedge Funds Weigh In On US Foods

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

About US Foods

(Get Free Report)

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.

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