Brokerages Set US Foods Holding Corp. (NYSE:USFD) PT at $70.33

Shares of US Foods Holding Corp. (NYSE:USFD) have received an average rating of “Buy” from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $71.09.

Several brokerages recently weighed in on USFD. Truist Financial upped their price objective on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Jefferies Financial Group upped their price objective on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. UBS Group upped their price objective on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Barclays upped their price objective on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Melius began coverage on US Foods in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price objective for the company.

Insiders Place Their Bets

In related news, Director David W. Bullock purchased 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, the director now owns 4,500 shares in the company, valued at approximately $319,770. This represents a 800.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On US Foods

Several institutional investors and hedge funds have recently made changes to their positions in USFD. Janney Montgomery Scott LLC increased its stake in shares of US Foods by 4.0% in the third quarter. Janney Montgomery Scott LLC now owns 17,940 shares of the company’s stock valued at $1,103,000 after buying an additional 692 shares during the period. Assetmark Inc. increased its stake in shares of US Foods by 66,100.0% in the third quarter. Assetmark Inc. now owns 662 shares of the company’s stock valued at $41,000 after buying an additional 661 shares during the period. Atria Investments Inc grew its stake in US Foods by 22.3% during the third quarter. Atria Investments Inc now owns 23,263 shares of the company’s stock worth $1,431,000 after purchasing an additional 4,237 shares during the period. Ashton Thomas Securities LLC acquired a new stake in US Foods during the third quarter worth approximately $31,000. Finally, Venturi Wealth Management LLC grew its stake in US Foods by 72.0% during the third quarter. Venturi Wealth Management LLC now owns 657 shares of the company’s stock worth $40,000 after purchasing an additional 275 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Stock Performance

NYSE:USFD opened at $63.35 on Friday. The stock has a fifty day moving average price of $68.91 and a 200-day moving average price of $66.09. The company has a market cap of $14.59 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 1.03 and a beta of 1.65. 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 has a fifty-two week low of $49.65 and a fifty-two week high of $73.19.

US Foods (NYSE:USFD) last released its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The company had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. As a group, equities analysts anticipate that US Foods will post 3.59 EPS for the current fiscal year.

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.