Analysts Set US Foods Holding Corp. (NYSE:USFD) PT at $54.92

Shares of US Foods Holding Corp. (NYSE:USFD) have received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $54.92.

Several research firms have issued reports on USFD. BTIG Research raised their price target on shares of US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. UBS Group upgraded shares of US Foods from a “neutral” rating to a “buy” rating and boosted their target price for the company from $47.00 to $64.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. increased their price target on US Foods from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Piper Sandler raised US Foods from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $45.00 to $59.00 in a research note on Tuesday, February 20th. Finally, Truist Financial raised their target price on US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th.

Insider Transactions at US Foods

In other news, EVP David A. Rickard sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total value of $2,626,000.00. Following the sale, the executive vice president now directly owns 148,561 shares of the company’s stock, valued at approximately $7,802,423.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of USFD. State of Alaska Department of Revenue increased its holdings in US Foods by 138.6% during the fourth quarter. State of Alaska Department of Revenue now owns 64,425 shares of the company’s stock valued at $2,925,000 after buying an additional 37,425 shares during the last quarter. Wellington Management Group LLP raised its holdings in US Foods by 7.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,870,370 shares of the company’s stock worth $113,954,000 after purchasing an additional 199,269 shares during the period. Handelsinvest Investeringsforvaltning purchased a new position in US Foods during the fourth quarter valued at $1,269,000. Nordea Investment Management AB grew its holdings in US Foods by 102.1% during the fourth quarter. Nordea Investment Management AB now owns 109,958 shares of the company’s stock valued at $4,991,000 after purchasing an additional 55,554 shares during the period. Finally, Oak Thistle LLC purchased a new stake in US Foods in the fourth quarter worth about $1,639,000. 98.76% of the stock is owned by institutional investors.

US Foods Stock Performance

NYSE USFD opened at $50.42 on Tuesday. The company has a market capitalization of $12.37 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 0.85 and a beta of 1.58. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. US Foods has a twelve month low of $35.66 and a twelve month high of $54.94. The stock has a fifty day simple moving average of $51.96 and a 200 day simple moving average of $46.34.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.04). The company had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. Sell-side analysts expect that US Foods will post 2.9 EPS for the current 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.