US Foods (NYSE:USFD) Given New $98.00 Price Target at JPMorgan Chase & Co.

US Foods (NYSE:USFD) had its target price decreased by research analysts at JPMorgan Chase & Co. from $108.00 to $98.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 4.88% from the stock’s previous close.

Several other research firms have also recently commented on USFD. Wall Street Zen upgraded shares of US Foods from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. BTIG Research lifted their price objective on shares of US Foods from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Citigroup boosted their target price on shares of US Foods from $110.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 target price on shares of US Foods in a report on Friday, August 7th. Finally, Piper Sandler raised their price target on US Foods from $88.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, US Foods currently has a consensus rating of “Moderate Buy” and an average target price of $114.54.

US Foods Stock Down 0.3%

Shares of USFD traded down $0.28 during midday trading on Tuesday, hitting $93.44. The company had a trading volume of 161,340 shares, compared to its average volume of 2,637,938. The company’s 50-day simple moving average is $101.68 and its 200-day simple moving average is $94.88. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.14. The firm has a market capitalization of $20.21 billion, a P/E ratio of 28.77, a P/E/G ratio of 1.19 and a beta of 0.82. US Foods has a 1 year low of $69.88 and a 1 year high of $111.42.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.08. The business had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.46 billion. US Foods had a return on equity of 20.53% and a net margin of 1.81%.The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 earnings per share. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. As a group, sell-side analysts expect that US Foods will post 4.4 EPS for the current year.

Insider Buying and Selling

In related news, insider Randy J. Taylor sold 11,630 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $110.37, for a total value of $1,283,603.10. Following the transaction, the insider directly owned 73,618 shares of the company’s stock, valued at $8,125,218.66. This trade represents a 13.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider William Spencer Hancock sold 21,754 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $108.29, for a total transaction of $2,355,740.66. Following the completion of the sale, the insider directly owned 101,144 shares of the company’s stock, 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

A number of hedge funds and other institutional investors have recently made changes to their positions in USFD. Wellington Management Group LLP lifted its position in US Foods by 46.1% in the second quarter. Wellington Management Group LLP now owns 23,009,877 shares of the company’s stock valued at $2,352,760,000 after purchasing an additional 7,259,357 shares during the period. BlackRock Inc. acquired a new position in US Foods during the 2nd quarter worth approximately $2,131,439,000. Boston Partners raised its stake in shares of US Foods by 0.5% during the 4th quarter. Boston Partners now owns 16,203,880 shares of the company’s stock worth $1,222,537,000 after buying an additional 73,656 shares in the last quarter. Capital World Investors raised its stake in shares of US Foods by 10.3% during the 4th quarter. Capital World Investors now owns 12,862,100 shares of the company’s stock worth $968,773,000 after buying an additional 1,197,360 shares in the last quarter. Finally, Primecap Management Co. CA acquired a new stake in shares of US Foods in the 2nd quarter valued at approximately $406,997,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

About US Foods

US Foods Holding Corp. (NYSE: USFD) is a major foodservice distributor serving restaurants and other food-away-from-home businesses across the United States. The company supplies independent and multi-unit restaurants, healthcare organizations, hospitality businesses, educational institutions, government facilities and other commercial customers.

Its product portfolio includes fresh produce, meat and seafood, dairy products, frozen and dry groceries, beverages, ingredients, disposable supplies, kitchen equipment and other foodservice-related products.