Brokerages Set US Foods Holding Corp. (NYSE:USFD) Price Target at $69.82

US Foods Holding Corp. (NYSE:USFD) has received an average recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $71.09.

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft increased their price target on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 9th. Truist Financial upped their target price on US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Piper Sandler raised their price target on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company lifted their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th.

US Foods Price Performance

Shares of USFD stock opened at $64.66 on Friday. The firm has a fifty day simple moving average of $62.02 and a 200-day simple moving average of $56.74. The company has a market capitalization of $15.06 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 1.12 and a beta of 1.66. US Foods has a twelve month low of $42.19 and a twelve month high of $68.00. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01.

Insider Activity

In related news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. This trade represents a 10.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Institutional Trading of US Foods

Several hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in US Foods in the 2nd quarter worth about $25,000. Quent Capital LLC increased its position in US Foods by 87.6% in the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after acquiring an additional 219 shares during the period. International Assets Investment Management LLC bought a new stake in US Foods during the 2nd quarter valued at $30,000. Ashton Thomas Securities LLC bought a new stake in US Foods during the 3rd quarter valued at $31,000. Finally, Huntington National Bank grew its stake in shares of US Foods by 332.5% in the third quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after purchasing an additional 409 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

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.