Sanford C. Bernstein Begins Coverage on US Foods (NYSE:USFD)

Key Points

• US Foods has been upgraded to a "strong-buy" rating by Sanford C. Bernstein, indicating a positive outlook for the company's stock.
• Analysts have varying price targets for US Foods, with a consensus target of $82.42 and three analysts rating it as a Strong Buy.
• The company reported earnings of $1.19 per share, exceeding expectations, though its revenue fell slightly short of analyst estimates at $10.08 billion.

Equities researchers at Sanford C. Bernstein assumed coverage on shares of US Foods (NYSE:USFD - Get Free Report) in a research note issued on Wednesday, Marketbeat Ratings reports. The brokerage set an "outperform" rating and a $95.00 price target on the stock. Sanford C. Bernstein's target price would indicate a potential upside of 25.31% from the stock's current price.

USFD has been the subject of several other research reports. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. JPMorgan Chase & Co. increased their price target on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Weiss Ratings restated a "buy (b+)" rating on shares of US Foods in a report on Tuesday, October 14th. Guggenheim upped their target price on shares of US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Finally, Piper Sandler lifted their price target on shares of US Foods from $77.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, US Foods has a consensus rating of "Buy" and an average target price of $82.42.

US Foods Trading Down 0.6%

Shares of USFD opened at $75.81 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average price of $77.12 and a 200 day moving average price of $75.59. US Foods has a 12-month low of $57.36 and a 12-month high of $85.11. The firm has a market capitalization of $17.07 billion, a P/E ratio of 32.40, a P/E/G ratio of 1.07 and a beta of 1.36.

US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.05. The business had revenue of $10.08 billion during 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 business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. Sell-side analysts forecast that US Foods will post 3.59 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Securian Asset Management Inc. raised its position in US Foods by 0.7% in the second quarter. Securian Asset Management Inc. now owns 17,618 shares of the company's stock worth $1,357,000 after acquiring an additional 121 shares in the last quarter. Archer Investment Corp boosted its position in shares of US Foods by 8.8% during the 2nd quarter. Archer Investment Corp now owns 1,850 shares of the company's stock worth $142,000 after purchasing an additional 150 shares in the last quarter. True Wealth Design LLC grew its stake in shares of US Foods by 12.2% during the 3rd quarter. True Wealth Design LLC now owns 1,402 shares of the company's stock worth $107,000 after purchasing an additional 152 shares during the period. SageView Advisory Group LLC increased its holdings in shares of US Foods by 3.9% in the 1st quarter. SageView Advisory Group LLC now owns 4,096 shares of the company's stock valued at $268,000 after purchasing an additional 153 shares in the last quarter. Finally, Kesler Norman & Wride LLC increased its holdings in shares of US Foods by 1.3% in the 1st quarter. Kesler Norman & Wride LLC now owns 12,555 shares of the company's stock valued at $822,000 after purchasing an additional 160 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.