US Foods (NYSE:USFD - Free Report) had its price target raised by Barclays from $85.00 to $95.00 in a report released on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the stock.
Other research analysts also recently issued research reports about the stock. Truist Financial lifted their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Piper Sandler lifted their price objective on shares of US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Morgan Stanley lifted their price objective on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $76.75.
View Our Latest Stock Analysis on US Foods
US Foods Trading Up 0.2%
USFD traded up $0.17 on Wednesday, reaching $77.55. 1,598,598 shares of the company traded hands, compared to its average volume of 2,037,204. US Foods has a one year low of $50.05 and a one year high of $79.64. The firm has a fifty day simple moving average of $69.02 and a two-hundred day simple moving average of $68.73. The company has a market cap of $17.94 billion, a P/E ratio of 38.39, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06.
US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company had revenue of $9.35 billion for the quarter, compared to the consensus estimate of $9.42 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The company's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities research analysts expect that US Foods will post 3.59 earnings per share for the current year.
Insiders Place Their Bets
In related news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the transaction, the executive vice president now directly owns 115,077 shares in the company, valued at $8,630,775. The trade was a 11.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is owned by insiders.
Hedge Funds Weigh In On US Foods
Large investors have recently made changes to their positions in the company. Colonial Trust Co SC acquired a new position in shares of US Foods in the 4th quarter valued at $25,000. GeoWealth Management LLC increased its holdings in US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after acquiring an additional 189 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in US Foods in the 1st quarter worth $31,000. EverSource Wealth Advisors LLC increased its holdings in US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after acquiring an additional 178 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in US Foods in the 4th quarter worth $32,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.
US Foods Company Profile
(
Get Free Report)
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.
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