US Foods (NYSE:USFD) Price Target Raised to $95.00

US Foods (NYSE:USFD) had its price target hoisted by Barclays from $85.00 to $95.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen raised US Foods from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 24th. Piper Sandler upped their price objective on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. UBS Group lifted their target price on US Foods from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Guggenheim restated a “buy” rating and set a $80.00 price objective on shares of US Foods in a research note on Monday, May 12th. Finally, Morgan Stanley boosted their target price on shares of US Foods from $81.00 to $84.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $76.75.

US Foods Price Performance

US Foods stock opened at $77.79 on Wednesday. The firm has a market capitalization of $18.00 billion, a PE ratio of 38.51, a P/E/G ratio of 1.03 and a beta of 1.35. US Foods has a 52 week low of $50.05 and a 52 week high of $79.64. The firm’s 50-day simple moving average is $69.49 and its 200 day simple moving average is $68.89. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, May 8th. The company reported $0.68 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 for the quarter, compared to analyst estimates of $9.42 billion. During the same quarter last year, the company posted $0.54 EPS. US Foods’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts predict that US Foods will post 3.59 EPS for the current fiscal year.

Insider Transactions at US Foods

In other news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total value of $1,125,000.00. Following the transaction, the executive vice president now owns 115,077 shares of the company’s stock, valued at $8,630,775. The trade was a 11.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On US Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USFD. Boston Partners increased its holdings in shares of US Foods by 29.1% in the 1st quarter. Boston Partners now owns 16,457,351 shares of the company’s stock valued at $1,076,225,000 after purchasing an additional 3,713,345 shares during the period. Norges Bank acquired a new position in US Foods in the 4th quarter valued at approximately $211,300,000. Artisan Partners Limited Partnership acquired a new position in US Foods in the 4th quarter valued at approximately $171,107,000. Burgundy Asset Management Ltd. purchased a new stake in US Foods in the 1st quarter worth approximately $110,245,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in US Foods during the first quarter valued at $91,087,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

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.