Jefferies Financial Group Issues Positive Forecast for US Foods (NYSE:USFD) Stock Price

US Foods (NYSE:USFD) had its target price lifted by investment analysts at Jefferies Financial Group from $79.00 to $82.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 18.05% from the company’s previous close.

A number of other research firms also recently issued reports on USFD. Truist Financial lifted their price objective on shares of US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 8th. UBS Group upped their price objective on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Wells Fargo & Company boosted their target price on US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Piper Sandler increased their price target on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, US Foods currently has an average rating of “Buy” and a consensus price target of $72.09.

US Foods Stock Down 0.1 %

NYSE USFD traded down $0.04 during trading hours on Monday, reaching $69.46. 468,888 shares of the company’s stock were exchanged, compared to its average volume of 1,809,043. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. US Foods has a one year low of $43.42 and a one year high of $72.84. The company’s 50-day moving average is $65.54 and its two-hundred day moving average is $59.06. The company has a market capitalization of $16.18 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68.

Hedge Funds Weigh In On US Foods

Hedge funds have recently bought and sold shares of the company. Retirement Systems of Alabama boosted its holdings in US Foods by 5.4% in the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock worth $21,462,000 after buying an additional 17,897 shares during the period. Tidal Investments LLC raised its position in US Foods by 105.4% during the third quarter. Tidal Investments LLC now owns 13,652 shares of the company’s stock valued at $840,000 after purchasing an additional 7,004 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in US Foods in the 3rd quarter worth approximately $83,000. Sanctuary Advisors LLC boosted its stake in shares of US Foods by 107.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 14,283 shares of the company’s stock valued at $878,000 after purchasing an additional 7,409 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in shares of US Foods by 2.1% during the third quarter. SkyView Investment Advisors LLC now owns 18,979 shares of the company’s stock valued at $1,167,000 after buying an additional 382 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.