Brokerages Set US Foods Holding Corp. (NYSE:USFD) Price Target at $70.33

Shares of US Foods Holding Corp. (NYSE:USFD) have earned a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $70.33.

USFD has been the subject of several recent analyst reports. Morgan Stanley boosted 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. Melius initiated coverage on shares of US Foods in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.00 price objective for the company. Jefferies Financial Group boosted their price objective on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Piper Sandler boosted their price objective on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, UBS Group upped their price target on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 14th.

Insider Activity

In other US Foods news, Director David W. Bullock acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the acquisition, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $319,770. The trade was a 800.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Institutional Trading of US Foods

A number of hedge funds have recently added to or reduced their stakes in USFD. Norges Bank purchased a new stake in US Foods during the fourth quarter worth $211,300,000. Artisan Partners Limited Partnership purchased a new stake in US Foods during the fourth quarter worth $171,107,000. Public Sector Pension Investment Board boosted its holdings in US Foods by 100.2% during the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock worth $369,000 after buying an additional 2,500,000 shares in the last quarter. Wellington Management Group LLP boosted its holdings in US Foods by 25.2% during the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after buying an additional 2,435,357 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in US Foods during the fourth quarter worth $48,611,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Trading Up 2.9 %

NYSE:USFD opened at $65.50 on Friday. US Foods has a one year low of $49.65 and a one year high of $73.19. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The firm has a market cap of $15.09 billion, a P/E ratio of 32.42, a P/E/G ratio of 1.03 and a beta of 1.65. The firm has a 50-day simple moving average of $69.13 and a 200-day simple moving average of $66.03.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. Equities analysts anticipate that US Foods will post 3.59 EPS for the current fiscal year.

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.