US Foods Holding Corp. (NYSE:USFD) Receives $66.82 Average Target Price from Brokerages

Shares of US Foods Holding Corp. (NYSE:USFD) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $66.82.

Several equities analysts have issued reports on USFD shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. raised their target price on shares of US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Wells Fargo & Company boosted their target price on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. Jefferies Financial Group increased their price target on US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th.

US Foods Stock Down 0.2 %

Shares of US Foods stock opened at $62.22 on Tuesday. The company has a 50-day simple moving average of $59.89 and a two-hundred day simple moving average of $55.13. US Foods has a 52-week low of $36.60 and a 52-week high of $63.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29. The stock has a market capitalization of $15.30 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 1.02 and a beta of 1.66.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. The business had revenue of $9.71 billion for the quarter, compared to analysts’ expectations of $9.62 billion. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 EPS. On average, analysts anticipate that US Foods will post 2.9 EPS for the current fiscal year.

Insider Activity at US Foods

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the sale, the chief financial officer now owns 88,563 shares in the company, valued at approximately $5,132,225.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On US Foods

A number of institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new stake in shares of US Foods during the second quarter worth about $25,000. Redmont Wealth Advisors LLC purchased a new stake in US Foods during the 1st quarter valued at approximately $27,000. Quent Capital LLC raised its position in shares of US Foods by 87.6% during the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after buying an additional 219 shares during the last quarter. Rise Advisors LLC purchased a new position in shares of US Foods in the first quarter worth $30,000. Finally, International Assets Investment Management LLC bought a new position in shares of US Foods during the second quarter worth $30,000. Hedge funds and other institutional investors 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.