Brokerages Set US Foods Holding Corp. (NYSE:USFD) Target Price at $54.92

US Foods Holding Corp. (NYSE:USFD) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $54.92.

Several research firms have recently weighed in on USFD. Morgan Stanley lifted their price objective on US Foods from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, April 12th. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. UBS Group upgraded US Foods from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $47.00 to $64.00 in a research note on Tuesday, February 20th. BMO Capital Markets raised their price objective on shares of US Foods from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Finally, Piper Sandler raised US Foods from a “neutral” rating to an “overweight” rating and upped their target price for the company from $45.00 to $59.00 in a research report on Tuesday, February 20th.

US Foods Price Performance

US Foods stock opened at $51.35 on Tuesday. US Foods has a 52 week low of $35.66 and a 52 week high of $54.94. The business’s fifty day moving average is $52.04 and its two-hundred day moving average is $46.52. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.30. The firm has a market cap of $12.59 billion, a P/E ratio of 25.42, a P/E/G ratio of 0.85 and a beta of 1.58.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). US Foods had a return on equity of 13.41% and a net margin of 1.42%. The business had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.81 billion. Equities research analysts forecast that US Foods will post 2.9 earnings per share for the current fiscal year.

Insider Activity at US Foods

In other news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total value of $2,626,000.00. Following the transaction, the executive vice president now owns 148,561 shares in the company, valued at approximately $7,802,423.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. SG Americas Securities LLC raised its position in US Foods by 457.4% during the 3rd quarter. SG Americas Securities LLC now owns 50,872 shares of the company’s stock worth $2,020,000 after purchasing an additional 41,745 shares during the last quarter. Exchange Traded Concepts LLC raised its position in US Foods by 433.4% in the third quarter. Exchange Traded Concepts LLC now owns 8,620 shares of the company’s stock worth $342,000 after acquiring an additional 7,004 shares during the period. Bank of New York Mellon Corp lifted its position in shares of US Foods by 11.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,350,684 shares of the company’s stock valued at $93,322,000 after buying an additional 238,898 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of US Foods by 5.2% in the third quarter. New York State Teachers Retirement System now owns 143,700 shares of the company’s stock worth $5,705,000 after purchasing an additional 7,110 shares in the last quarter. Finally, JB Capital LLC grew its stake in US Foods by 19.0% in the 3rd quarter. JB Capital LLC now owns 22,910 shares of the company’s stock valued at $910,000 after buying an additional 3,652 shares in the last quarter. 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.