Brokerages Set US Foods Holding Corp. (NYSE:USFD) Target Price at $70.17

US Foods Holding Corp. (NYSE:USFD) has been assigned an average recommendation of “Buy” from the thirteen analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $70.33.

Several research firms recently issued reports on USFD. Melius Research raised shares of US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Barclays upped their target price on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Morgan Stanley upped their price objective on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Piper Sandler boosted their target price on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Jefferies Financial Group lifted their price objective on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, December 16th.

US Foods Stock Up 1.0 %

USFD stock opened at $71.56 on Monday. The business’s 50-day simple moving average is $69.11 and its 200 day simple moving average is $64.47. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The company has a market cap of $16.49 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67. US Foods has a twelve month low of $49.64 and a twelve month high of $73.00.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. On average, research analysts anticipate that US Foods will post 3.61 earnings per share for the current year.

Insider Transactions at US Foods

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This represents a 800.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Institutional Trading of US Foods

Several institutional investors and hedge funds have recently made changes to their positions in USFD. CWM LLC lifted its stake in US Foods by 80.7% in the third quarter. CWM LLC now owns 7,388 shares of the company’s stock valued at $454,000 after buying an additional 3,300 shares during the period. Creative Planning raised its position in shares of US Foods by 13.5% during the third quarter. Creative Planning now owns 12,978 shares of the company’s stock worth $798,000 after purchasing an additional 1,547 shares during the period. Aaron Wealth Advisors LLC acquired a new position in shares of US Foods in the 3rd quarter valued at approximately $230,000. First Citizens Bank & Trust Co. bought a new stake in US Foods during the 3rd quarter worth approximately $261,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in US Foods by 15.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,518 shares of the company’s stock worth $524,000 after buying an additional 1,137 shares during the period. 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.