US Foods Holding Corp. (NYSE:USFD) Receives $71.83 Consensus Target Price from Brokerages

Shares of US Foods Holding Corp. (NYSE:USFD) have been given a consensus rating of “Buy” by the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $71.83.

USFD has been the topic of several recent analyst reports. UBS Group increased their target price on US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Morgan Stanley raised their price target on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Guggenheim reaffirmed a “buy” rating and issued a $80.00 target price on shares of US Foods in a research report on Monday, April 14th. Piper Sandler raised their price target on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, Truist Financial upped their price objective on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th.

US Foods Price Performance

USFD stock opened at $68.38 on Friday. 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 capitalization of $15.76 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 1.03 and a beta of 1.35. The firm has a 50 day moving average price of $64.94 and a 200-day moving average price of $66.92. US Foods has a 52-week low of $50.05 and a 52-week high of $73.19.

US Foods (NYSE:USFD) last released 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 company had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Equities research analysts forecast that US Foods will post 3.59 EPS for the current fiscal year.

Insider Activity at US Foods

In related news, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $71.06 per share, with a total value of $284,240.00. Following the purchase, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $319,770. This represents a 800.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On US Foods

A number of institutional investors have recently modified their holdings of the stock. Retirement Systems of Alabama grew its position in shares of US Foods by 5.4% during 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 in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of US Foods in the 4th quarter worth approximately $357,000. Longbow Finance SA bought a new position in shares of US Foods during the fourth quarter valued at approximately $9,001,000. Avantax Advisory Services Inc. increased its holdings in US Foods by 121.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company’s stock valued at $751,000 after buying an additional 6,108 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in US Foods during the fourth quarter worth $413,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Company Profile

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.