JPMorgan Chase & Co. Cuts US Foods (NYSE:USFD) Price Target to $98.00

by · The Markets Daily

US Foods (NYSE:USFD – Free Report) had its price target cut by JPMorgan Chase & Co. from $108.00 to $98.00 in a research report report published on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages also recently issued reports on USFD. Wells Fargo & Company lifted their price objective on US Foods from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Zacks Research raised US Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Morgan Stanley set a $107.00 price target on US Foods in a report on Friday, August 7th. Piper Sandler upped their price objective on US Foods from $88.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Finally, TD Cowen increased their price objective on US Foods from $116.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, US Foods presently has an average rating of “Moderate Buy” and a consensus price target of $114.54.

Read Our Latest Report on USFD

US Foods Trading Up 1.9%

Shares of USFD stock opened at $93.95 on Tuesday. The stock has a market cap of $20.32 billion, a P/E ratio of 28.91, a P/E/G ratio of 1.18 and a beta of 0.86. The company has a quick ratio of 0.70, a current ratio of 1.14 and a debt-to-equity ratio of 1.19. US Foods has a fifty-two week low of $69.88 and a fifty-two week high of $111.42. The business has a fifty day simple moving average of $101.55 and a 200-day simple moving average of $94.89.

US Foods (NYSE:USFD – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.36 by $0.08. US Foods had a net margin of 1.81% and a return on equity of 20.53%. The business had revenue of $10.53 billion for the quarter, compared to analyst estimates of $10.46 billion. During the same period in the previous year, the firm earned $1.19 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. On average, analysts forecast that US Foods will post 4.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other US Foods news, insider Randy J. Taylor sold 11,630 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $110.37, for a total transaction of $1,283,603.10. Following the completion of the sale, the insider directly owned 73,618 shares in the company, valued at $8,125,218.66. This represents a 13.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William Spencer Hancock sold 21,754 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $108.29, for a total value of $2,355,740.66. Following the completion of the transaction, the insider owned 101,144 shares in the company, valued at approximately $10,952,883.76. This trade represents a 17.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.74% of the stock is currently owned by company insiders.

Institutional Trading of US Foods

Institutional investors have recently modified their holdings of the company. Burkett Financial Services LLC acquired a new stake in shares of US Foods in the third quarter valued at about $30,000. QRG Capital Management Inc. boosted its holdings in US Foods by 3.1% in the 2nd quarter. QRG Capital Management Inc. now owns 47,763 shares of the company’s stock worth $4,884,000 after acquiring an additional 1,425 shares during the period. Junto Capital Management LP acquired a new stake in US Foods in the second quarter valued at approximately $70,921,000. Cidel Asset Management Inc. grew its position in US Foods by 10.1% in the second quarter. Cidel Asset Management Inc. now owns 2,947 shares of the company’s stock valued at $301,000 after acquiring an additional 270 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in shares of US Foods by 9.0% during the second quarter. Integrated Wealth Concepts LLC now owns 3,094 shares of the company’s stock valued at $316,000 after purchasing an additional 255 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Company Profile

(Get Free Report)

US Foods Holding Corp. is a foodservice distributor serving restaurants, healthcare facilities, hospitality businesses, schools, government institutions and other commercial customers across the United States. Through its distribution network, the company supplies a broad range of food and related products, including fresh produce, meat, seafood, dairy, frozen foods, grocery items, beverages and prepared foods.

In addition to food distribution, US Foods provides nonfood products such as kitchen and serving supplies, disposables, cleaning products and equipment.

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