BMO Capital Markets Reaffirms Outperform Rating for US Foods (NYSE:USFD)

US Foods (NYSE:USFD - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at BMO Capital Markets in a research note issued to investors on Friday, Benzinga reports. They currently have a $62.00 target price on the stock, up from their prior target price of $58.00. BMO Capital Markets' price target points to a potential upside of 13.12% from the company's current price.

Several other brokerages have also recently issued reports on USFD. UBS Group upgraded US Foods from a "neutral" rating to a "buy" rating and upped their target price for the company from $47.00 to $64.00 in a report on Tuesday, February 20th. Morgan Stanley increased their price target on US Foods from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, April 12th. StockNews.com raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 23rd. Truist Financial increased their target price on US Foods from $52.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, February 20th. Finally, Piper Sandler raised US Foods from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $45.00 to $59.00 in a research note on Tuesday, February 20th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $58.00.

US Foods Price Performance

Shares of USFD traded up $0.01 during trading hours on Friday, hitting $54.81. 2,094,412 shares of the stock were exchanged, compared to its average volume of 1,531,415. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.30. US Foods has a 12-month low of $35.66 and a 12-month high of $55.39. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 0.88 and a beta of 1.58. The stock's 50-day moving average price is $52.33 and its two-hundred day moving average price is $47.51.

US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). The company had revenue of $8.94 billion during the quarter, compared to analysts' expectations of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. Research analysts expect that US Foods will post 2.92 earnings per share for the current year.

Insider Buying and Selling at US Foods

In other news, EVP David A. Rickard sold 50,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total value of $2,626,000.00. Following the transaction, the executive vice president now owns 148,561 shares in the company, valued at approximately $7,802,423.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in USFD. Redmont Wealth Advisors LLC purchased a new position in shares of US Foods in the 1st quarter valued at approximately $27,000. Blue Trust Inc. acquired a new stake in shares of US Foods in the 4th quarter valued at approximately $30,000. Rise Advisors LLC acquired a new stake in shares of US Foods in the 1st quarter valued at approximately $30,000. GAMMA Investing LLC acquired a new stake in shares of US Foods in the 4th quarter valued at approximately $41,000. Finally, Fifth Third Bancorp lifted its holdings in shares of US Foods by 36.1% in the 3rd quarter. Fifth Third Bancorp now owns 1,191 shares of the company's stock valued at $47,000 after buying an additional 316 shares during the period. 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.