US Foods Holding Corp. (NYSE:USFD) Receives $82.00 Average Target Price from Brokerages

Shares of US Foods Holding Corp. (NYSE:USFD) have been given a consensus recommendation of “Buy” by the thirteen ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $82.00.

A number of equities analysts have recently commented on USFD shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of US Foods in a report on Friday, November 7th. Piper Sandler lifted their target price on US Foods from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Wall Street Zen upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 28th. Barclays cut their price objective on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of US Foods in a research note on Monday.

US Foods Price Performance

USFD opened at $76.39 on Friday. The firm has a 50-day moving average price of $74.79 and a 200-day moving average price of $77.27. US Foods has a twelve month low of $57.36 and a twelve month high of $85.11. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $17.03 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 1.02 and a beta of 1.03.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.05 by $0.02. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The company had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.18 billion. During the same period last year, the firm earned $0.85 EPS. US Foods’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts expect that US Foods will post 3.59 EPS for the current year.

Insider Buying and Selling at US Foods

In related news, insider Steven Guberman sold 58,632 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $72.00, for a total value of $4,221,504.00. Following the sale, the insider owned 113,410 shares in the company, valued at approximately $8,165,520. This trade represents a 34.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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. Parkside Financial Bank & Trust lifted its stake in US Foods by 303.7% in the third quarter. Parkside Financial Bank & Trust now owns 327 shares of the company’s stock worth $25,000 after purchasing an additional 246 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of US Foods in the third quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of US Foods in the 1st quarter valued at about $31,000. Geneos Wealth Management Inc. boosted its holdings in US Foods by 120.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock valued at $37,000 after acquiring an additional 263 shares during the period. Finally, First Horizon Corp bought a new position in US Foods during the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

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.