Barclays Raises US Foods (NYSE:USFD) Price Target to $85.00

US Foods (NYSE:USFD - Free Report) had its price objective upped by Barclays from $82.00 to $85.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also issued research reports about the stock. Melius started coverage on shares of US Foods in a research report on Wednesday, December 18th. They issued a "buy" rating and a $12.00 target price on the stock. Truist Financial raised their price target on shares of US Foods from $74.00 to $78.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. UBS Group boosted their price objective on US Foods from $67.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Jefferies Financial Group raised their target price on US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Finally, Melius Research upgraded US Foods to a "strong-buy" rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, US Foods presently has an average rating of "Buy" and an average price target of $70.33.

US Foods Price Performance

NYSE USFD traded down $0.29 during trading hours on Friday, reaching $70.97. The company's stock had a trading volume of 2,940,549 shares, compared to its average volume of 2,013,611. The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of 30.46, a P/E/G ratio of 0.95 and a beta of 1.67. The company's 50-day moving average is $69.05 and its two-hundred day moving average is $64.30. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. US Foods has a 1-year low of $49.64 and a 1-year high of $73.00.

US Foods (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a return on equity of 14.15% and a net margin of 1.54%. The business had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. On average, equities analysts predict that US Foods will post 2.94 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Legacy Wealth Asset Management LLC lifted its stake in shares of US Foods by 4.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company's stock valued at $279,000 after purchasing an additional 160 shares during the last quarter. Arizona State Retirement System boosted its stake in US Foods by 0.3% during the fourth quarter. Arizona State Retirement System now owns 67,426 shares of the company's stock worth $4,549,000 after buying an additional 170 shares during the period. Bank of Montreal Can boosted its stake in US Foods by 0.3% during the third quarter. Bank of Montreal Can now owns 66,848 shares of the company's stock worth $4,022,000 after buying an additional 171 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after acquiring an additional 178 shares during the last quarter. Finally, GeoWealth Management LLC raised its stake in shares of US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after acquiring an additional 189 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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.