US Foods (NYSE:USFD) Price Target Raised to $78.00

US Foods (NYSE:USFD) had its target price hoisted by equities researchers at Barclays from $71.00 to $78.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 16.54% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. UBS Group lifted their target price on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company raised their price objective 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. Deutsche Bank Aktiengesellschaft increased their target price on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Truist Financial upped their target price on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a report on Friday. Finally, StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $69.82.

US Foods Stock Up 0.6 %

Shares of USFD stock traded up $0.37 during mid-day trading on Friday, hitting $66.93. The company’s stock had a trading volume of 1,025,118 shares, compared to its average volume of 1,803,612. US Foods has a 52-week low of $40.23 and a 52-week high of $67.79. The business has a 50-day moving average price of $61.07 and a 200 day moving average price of $56.09. The stock has a market cap of $16.37 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 1.08 and a beta of 1.66. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29.

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

Insiders Place Their Bets

In related news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value 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 represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On US Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of US Foods by 3.6% in the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after purchasing an additional 796,434 shares in the last quarter. Boston Partners increased its stake in shares of US Foods by 3.5% in the 1st quarter. Boston Partners now owns 16,527,901 shares of the company’s stock worth $891,073,000 after acquiring an additional 566,277 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of US Foods by 5.1% during the 2nd quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company’s stock worth $550,111,000 after acquiring an additional 500,129 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of US Foods by 46.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock valued at $347,069,000 after purchasing an additional 2,064,321 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in US Foods by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company’s stock worth $239,940,000 after purchasing an additional 567,601 shares during the last quarter. 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.