US Foods (NYSE:USFD) Given New $78.00 Price Target at Barclays

US Foods (NYSE:USFD - Free Report) had its target price upped by Barclays from $71.00 to $78.00 in a research note published on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts also recently commented on USFD. JPMorgan Chase & Co. increased their price objective on US Foods from $68.00 to $69.00 and gave the stock a "neutral" rating in a report on Friday. Wells Fargo & Company raised their price target on shares of US Foods from $66.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, September 18th. Jefferies Financial Group upped their price objective on shares of US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Truist Financial raised their target price on US Foods from $66.00 to $74.00 and gave the company a "buy" rating in a report on Friday. Finally, UBS Group increased their price objective on US Foods from $67.00 to $77.00 and gave the company a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, US Foods has a consensus rating of "Buy" and an average price target of $69.82.

US Foods Stock Up 0.5 %

Shares of NYSE:USFD traded up $0.33 during trading on Friday, reaching $66.89. 2,016,808 shares of the company traded hands, compared to its average volume of 1,808,182. US Foods has a 1-year low of $40.23 and a 1-year high of $67.79. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. The firm has a market cap of $16.36 billion, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 1.08 and a beta of 1.66. The firm has a fifty day simple moving average of $61.23 and a 200 day simple moving average of $56.25.

US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, meeting analysts' consensus estimates of $0.93. The firm had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.62 billion. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. Analysts anticipate that US Foods will post 2.9 earnings per share for the current fiscal year.

Insider Transactions at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were 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 in the company, valued at approximately $5,132,225.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Institutional Trading of US Foods

A number of institutional investors and hedge funds have recently modified their holdings of USFD. Acadian Asset Management LLC bought a new position in US Foods during the second quarter worth about $25,000. Quent Capital LLC grew its position in US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company's stock valued at $29,000 after acquiring an additional 219 shares during the period. International Assets Investment Management LLC acquired a new position in US Foods during the second quarter worth $30,000. Ashton Thomas Securities LLC acquired a new position in US Foods during the third quarter worth $31,000. Finally, Huntington National Bank lifted its holdings in shares of US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company's stock valued at $33,000 after acquiring an additional 409 shares during the period. 98.76% of the stock is currently owned by 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.