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

US Foods (NYSE:USFD) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $70.00 to $82.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 7.66% from the company’s previous close.

A number of other research firms have also recently weighed in on USFD. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 13th. Piper Sandler boosted their target price on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Morgan Stanley upped their target price on shares of US Foods from $81.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Guggenheim reiterated a “buy” rating and set a $80.00 price target on shares of US Foods in a report on Monday, May 12th. Finally, Barclays upped their price objective on shares of US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, US Foods currently has an average rating of “Buy” and an average target price of $74.18.

US Foods Price Performance

Shares of NYSE USFD opened at $76.17 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The company’s 50-day moving average price is $66.52 and its 200 day moving average price is $67.91. US Foods has a 52 week low of $50.05 and a 52 week high of $78.18. The stock has a market cap of $17.62 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 1.03 and a beta of 1.35.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The business had revenue of $9.35 billion for the quarter, compared to analysts’ expectations of $9.42 billion. During the same period last year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, research analysts forecast that US Foods will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling at US Foods

In other news, EVP Dirk J. Locascio sold 15,000 shares of the business’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the completion of the sale, the executive vice president now owns 115,077 shares in the company, valued at approximately $8,630,775. The trade was a 11.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Focus Partners Wealth grew its stake in US Foods by 5.2% during the first quarter. Focus Partners Wealth now owns 79,217 shares of the company’s stock worth $5,186,000 after buying an additional 3,909 shares during the period. SageView Advisory Group LLC boosted its position in US Foods by 3.9% during the 1st quarter. SageView Advisory Group LLC now owns 4,096 shares of the company’s stock worth $268,000 after purchasing an additional 153 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in US Foods by 24.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 989,406 shares of the company’s stock valued at $64,767,000 after purchasing an additional 194,158 shares in the last quarter. Empowered Funds LLC acquired a new stake in US Foods in the 1st quarter valued at $359,000. Finally, Dean Capital Management raised its position in US Foods by 2.3% in the first quarter. Dean Capital Management now owns 24,097 shares of the company’s stock valued at $1,577,000 after purchasing an additional 542 shares during the period. 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.