Brokerages Set US Foods Holding Corp. (NYSE:USFD) Target Price at $75.92

US Foods Holding Corp. (NYSE:USFD) has earned an average rating of “Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $75.92.

A number of research firms recently weighed in on USFD. Morgan Stanley lifted their price target on US Foods from $81.00 to $84.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Truist Financial lifted their price target on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Barclays lifted their price target on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Wall Street Zen upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 24th. Finally, Guggenheim reissued a “buy” rating and issued a $80.00 target price on shares of US Foods in a report on Monday, May 12th.

US Foods Trading Up 0.8%

NYSE:USFD opened at $79.21 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods has a 12-month low of $50.05 and a 12-month high of $79.64. The firm has a market cap of $18.33 billion, a P/E ratio of 39.21, a PEG ratio of 1.03 and a beta of 1.35. The stock’s 50 day simple moving average is $68.24 and its 200-day simple moving average is $68.50.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share 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 business had revenue of $9.35 billion during the quarter, compared to analysts’ expectations of $9.42 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that US Foods will post 3.59 EPS for the current year.

Insider Activity

In other news, EVP Dirk J. Locascio sold 15,000 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the sale, the executive vice president now directly owns 115,077 shares in the company, valued at $8,630,775. This represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Institutional Trading of US Foods

Several institutional investors and hedge funds have recently made changes to their positions in USFD. Colonial Trust Co SC acquired a new position in US Foods in the fourth quarter valued at $25,000. GeoWealth Management LLC increased its stake in US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in US Foods during the first quarter worth about $31,000. EverSource Wealth Advisors LLC increased its stake in US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after acquiring an additional 178 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in US Foods during the fourth quarter worth about $32,000. 98.76% of the stock is currently 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.