US Foods’ (USFD) Buy Rating Reiterated at Guggenheim

Guggenheim reissued their buy rating on shares of US Foods (NYSE:USFD) in a research report sent to investors on Monday,Benzinga reports. They currently have a $80.00 target price on the stock.

A number of other equities research analysts also recently issued reports on USFD. Barclays boosted their target price on shares of US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 14th. 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. Morgan Stanley boosted their price objective on shares of US Foods from $81.00 to $84.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. UBS Group boosted their price objective on shares of US Foods from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Finally, Truist Financial boosted their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, US Foods currently has an average rating of “Buy” and a consensus price target of $73.00.

US Foods Price Performance

US Foods stock opened at $74.56 on Monday. US Foods has a 1 year low of $50.05 and a 1 year high of $75.00. The firm has a 50 day moving average price of $65.30 and a 200 day moving average price of $67.38. The company has a market cap of $17.19 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 1.03 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21.

US Foods (NYSE:USFD) last released its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company had revenue of $9.35 billion during the quarter, compared to analysts’ expectations of $9.42 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. US Foods’s revenue for the quarter was up 4.5% compared to the same quarter last year. Sell-side analysts predict that US Foods will post 3.59 earnings per share for the current year.

Insider Activity

In other news, Director David W. Bullock bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the purchase, the director now owns 4,500 shares of the company’s stock, valued at $319,770. This trade represents a 800.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Institutional Trading of US Foods

Institutional investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC acquired a new stake in US Foods in the fourth quarter valued at $357,000. Longbow Finance SA acquired a new stake in US Foods in the fourth quarter valued at $9,001,000. Avantax Advisory Services Inc. raised its holdings in US Foods by 121.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company’s stock valued at $751,000 after acquiring an additional 6,108 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of US Foods during the fourth quarter worth $413,000. Finally, Westover Capital Advisors LLC raised its holdings in shares of US Foods by 199.2% during the fourth quarter. Westover Capital Advisors LLC now owns 25,722 shares of the company’s stock worth $1,735,000 after purchasing an additional 17,125 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

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.