UBS Group Raises US Foods (NYSE:USFD) Price Target to $77.00

US Foods (NYSE:USFD) had its price target increased by analysts at UBS Group from $67.00 to $77.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 15.06% from the stock’s current price.

A number of other analysts have also recently weighed in on USFD. Deutsche Bank Aktiengesellschaft boosted their price target on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Wells Fargo & Company upped their target price on US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Truist Financial lifted their price target on shares of US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a research report on Friday. Jefferies Financial Group raised their target price on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, US Foods has a consensus rating of “Buy” and a consensus target price of $68.55.

US Foods Trading Up 0.5 %

Shares of NYSE USFD traded up $0.36 during mid-day trading on Friday, hitting $66.92. 674,432 shares of the company traded hands, compared to its average volume of 1,801,995. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. US Foods has a 1 year low of $40.23 and a 1 year high of $67.79. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 1.08 and a beta of 1.66. The business has a 50 day moving average of $61.07 and a two-hundred day moving average of $56.09.

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

Insiders Place Their Bets

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in US Foods during the third quarter worth $5,501,000. Fifth Third Wealth Advisors LLC raised its position in shares of US Foods by 1,270.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 94,150 shares of the company’s stock valued at $5,790,000 after buying an additional 87,282 shares in the last quarter. Savoir Faire Capital Management L.P. boosted its stake in shares of US Foods by 58.1% in the third quarter. Savoir Faire Capital Management L.P. now owns 34,780 shares of the company’s stock valued at $2,139,000 after buying an additional 12,780 shares during the period. Quest Partners LLC raised its holdings in US Foods by 537.2% in the 3rd quarter. Quest Partners LLC now owns 30,201 shares of the company’s stock valued at $1,857,000 after acquiring an additional 25,461 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of US Foods by 2.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 99,066 shares of the company’s stock worth $6,092,000 after purchasing an additional 2,800 shares in the last quarter. 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.