Barclays Lowers US Foods (NYSE:USFD) Price Target to $90.00

US Foods (NYSE:USFD) had its price target lowered by equities researchers at Barclays from $95.00 to $90.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 22.48% from the company’s current price.

A number of other research firms have also weighed in on USFD. Morgan Stanley reissued an “overweight” rating and issued a $89.00 target price (up from $84.00) on shares of US Foods in a research note on Monday, July 14th. Guggenheim lifted their price objective on US Foods from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Wall Street Zen raised US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of US Foods in a report on Wednesday. Finally, UBS Group raised their target price on US Foods from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, US Foods currently has an average rating of “Buy” and an average price target of $82.00.

US Foods Trading Up 2.9%

Shares of USFD opened at $73.48 on Friday. US Foods has a 52-week low of $57.36 and a 52-week high of $85.11. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 1.08. The firm’s fifty day moving average is $76.20 and its two-hundred day moving average is $76.71. The stock has a market cap of $16.55 billion, a PE ratio of 30.62, a price-to-earnings-growth ratio of 1.03 and a beta of 1.34.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. The business had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.18 billion. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share. Research analysts forecast that US Foods will post 3.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On US Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Boston Partners raised its position in US Foods by 29.1% in the first 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 stake in shares of US Foods during the 2nd quarter worth about $184,413,000. Burgundy Asset Management Ltd. acquired a new stake in shares of US Foods during the 1st quarter worth about $110,245,000. Primecap Management Co. CA raised its holdings in US Foods by 84.4% in the 2nd quarter. Primecap Management Co. CA now owns 3,580,710 shares of the company’s stock valued at $275,750,000 after buying an additional 1,639,310 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new position in US Foods in the first quarter valued at about $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.