Shares of US Foods Holding Corp. (NYSE:USFD - Get Free Report) have been given an average rating of "Moderate Buy" by the eleven brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $69.82.
Several brokerages have recently issued reports on USFD. Jefferies Financial Group lifted their target price on shares of US Foods from $66.00 to $71.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. Barclays boosted their price target on shares of US Foods from $71.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday. Wells Fargo & Company raised their target price on US Foods from $66.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 18th. Truist Financial boosted their price target on shares of US Foods from $66.00 to $74.00 and gave the company a "buy" rating in a research note on Friday. Finally, UBS Group increased their target price on US Foods from $67.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday.
View Our Latest Report on US Foods
US Foods Stock Up 0.5 %
Shares of US Foods stock traded up $0.33 during trading on Friday, reaching $66.89. The company's stock had a trading volume of 2,016,808 shares, compared to its average volume of 1,808,182. The company has a 50-day simple moving average of $61.23 and a two-hundred day simple moving average of $56.21. The company has a market cap of $16.36 billion, a price-to-earnings ratio of 31.85, a P/E/G ratio of 1.08 and a beta of 1.66. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. US Foods has a 1-year low of $40.23 and a 1-year high of $67.79.
US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. The firm had revenue of $9.71 billion during the quarter, compared to analysts' expectations of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 earnings per share. As a group, equities analysts forecast that US Foods will post 2.9 earnings per share for the current year.
Insider Activity
In related news, CFO Dirk J. Locascio sold 10,000 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the transaction, the chief financial officer now owns 88,563 shares of the company's stock, valued at $5,132,225.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.70% of the company's stock.
Hedge Funds Weigh In On US Foods
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of US Foods by 3.6% in the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company's stock valued at $1,242,336,000 after acquiring an additional 796,434 shares in the last quarter. Boston Partners lifted its holdings in shares of US Foods by 3.5% during the 1st quarter. Boston Partners now owns 16,527,901 shares of the company's stock valued at $891,073,000 after acquiring an additional 566,277 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of US Foods by 5.1% during the second quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company's stock worth $550,111,000 after purchasing an additional 500,129 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in US Foods by 46.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company's stock worth $347,069,000 after acquiring an additional 2,064,321 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of US Foods by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company's stock valued at $239,940,000 after purchasing an additional 567,601 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.
US Foods Company Profile
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Get Free ReportUS 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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