US Foods (NYSE:USFD) PT Set at $88.00 by Guggenheim

Key Points

• Guggenheim has increased its price target for US Foods (NYSE:USFD) from $80.00 to $88.00, indicating a potential upside of 9.98%.
• US Foods reported an EPS of $1.19 for the last quarter, surpassing estimates, with a revenue of $10.08 billion, which was slightly below analyst expectations.
• Analysts have a consensus rating of "Buy" for US Foods, with one hold rating, nine buy ratings, and three strong buy ratings among a total of twelve analysts.

US Foods (NYSE:USFD - Get Free Report) has been given a $88.00 price objective by investment analysts at Guggenheim in a report issued on Monday, MarketBeat.com reports. The brokerage presently has a "buy" rating on the stock. Guggenheim's price objective points to a potential upside of 11.46% from the stock's previous close.

A number of other equities analysts have also recently commented on USFD. Barclays lifted their target price on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. UBS Group lifted their target price on shares of US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a report on Monday, July 28th. Wells Fargo & Company reiterated an "overweight" rating and set a $87.00 price target (up from $80.00) on shares of US Foods in a research note on Friday. Morgan Stanley reiterated an "overweight" rating and set a $89.00 price target (up from $84.00) on shares of US Foods in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $80.55.

US Foods Stock Performance

Shares of US Foods stock opened at $78.96 on Monday. The firm's fifty day simple moving average is $79.55 and its 200-day simple moving average is $72.48. The stock has a market capitalization of $18.27 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 1.14 and a beta of 1.44. US Foods has a 12 month low of $52.28 and a 12 month high of $85.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73.

US Foods (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. The business had revenue of $10.08 billion for the quarter, compared to analysts' expectations of $10.17 billion. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. As a group, equities analysts forecast that US Foods will post 3.59 earnings per share for the current year.

Insider Buying and Selling at US Foods

In other news, EVP Dirk J. Locascio sold 15,000 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the transaction, the executive vice president directly owned 115,077 shares of the company's stock, valued at $8,630,775. This represents a 11.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On US Foods

Several institutional investors and hedge funds have recently made changes to their positions in the business. Boston Partners boosted its position in shares of US Foods by 29.1% in the 1st quarter. Boston Partners now owns 16,457,351 shares of the company's stock worth $1,076,225,000 after buying an additional 3,713,345 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of US Foods by 3.7% in the 1st quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company's stock worth $774,806,000 after buying an additional 426,288 shares in the last quarter. Invesco Ltd. boosted its position in shares of US Foods by 21.8% in the 1st quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock worth $493,964,000 after buying an additional 1,350,034 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of US Foods by 2.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,134,905 shares of the company's stock worth $472,449,000 after buying an additional 161,749 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of US Foods by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,986,397 shares of the company's stock worth $307,044,000 after buying an additional 52,361 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other 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.