US Foods (NYSE:USFD – Get Free Report) had its price target increased by equities researchers at TD Cowen from $119.00 to $125.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen‘s price target would indicate a potential upside of 16.98% from the company’s previous close.
Several other research analysts have also recently issued reports on the company. Zacks Research raised US Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. UBS Group increased their price objective on US Foods from $117.00 to $127.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Guggenheim raised their price objective on US Foods from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Weiss Ratings upgraded US Foods from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, October 23rd. Finally, BTIG Research lifted their target price on US Foods from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $115.31.
View Our Latest Stock Report on USFD
US Foods Price Performance
Shares of NYSE:USFD traded down $3.07 during trading hours on Thursday, hitting $106.86. 5,877,675 shares of the company’s stock traded hands, compared to its average volume of 2,602,680. The company’s fifty day simple moving average is $99.29 and its two-hundred day simple moving average is $94.76. The company has a market cap of $23.12 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.14. US Foods has a 52 week low of $69.88 and a 52 week high of $112.57.
US Foods (NYSE:USFD – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.01. US Foods had a net margin of 1.81% and a return on equity of 20.53%. The business had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.58 billion. During the same period in the previous year, the firm earned $1.07 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts anticipate that US Foods will post 4.45 EPS for the current fiscal year.
Insider Buying and Selling at US Foods
In other news, insider Randy J. Taylor sold 11,630 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $110.37, for a total value of $1,283,603.10. Following the transaction, the insider directly owned 73,618 shares of the company’s stock, valued at approximately $8,125,218.66. This represents a 13.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William Spencer Hancock sold 21,754 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $108.29, for a total value of $2,355,740.66. Following the sale, the insider owned 101,144 shares of the company’s stock, valued at approximately $10,952,883.76. This represents a 17.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.74% of the company’s stock.
Institutional Investors Weigh In On US Foods
A number of hedge funds and other institutional investors have recently made changes to their positions in USFD. Keating Financial Advisory Services Inc. bought a new stake in shares of US Foods in the second quarter valued at approximately $27,000. Elevation Wealth Partners LLC grew its stake in shares of US Foods by 131.7% in the third quarter. Elevation Wealth Partners LLC now owns 292 shares of the company’s stock worth $27,000 after acquiring an additional 166 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of US Foods in the second quarter worth $28,000. Burkett Financial Services LLC bought a new position in US Foods during the third quarter worth $30,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in US Foods during the second quarter worth $39,000. 98.76% of the stock is owned by hedge funds and other institutional investors.
About US Foods
US Foods Holding Corp. is a leading foodservice distributor serving restaurants, health care and hospitality organizations, educational institutions, government facilities and other commercial customers across the United States. Through its distribution network, the company delivers food, beverages, equipment and related supplies to professional foodservice operators.
The company offers a broad selection of fresh and frozen foods, dry groceries, beverages, meat, seafood, produce, dairy products and disposable supplies.
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