US Foods Holding Corp. (NYSE:USFD) Receives $41.70 Average Target Price from Analysts

Shares of US Foods Holding Corp. (NYSE:USFD) have received a consensus recommendation of “Buy” from the twelve research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $41.70.

A number of brokerages have recently commented on USFD. Barclays boosted their price target on US Foods from $34.00 to $38.00 in a report on Wednesday, February 17th. JPMorgan Chase & Co. boosted their price target on US Foods from $38.00 to $44.00 and gave the company a “neutral” rating in a report on Monday, April 12th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on US Foods from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, May 11th. Piper Sandler began coverage on US Foods in a report on Friday, April 9th. They issued an “overweight” rating and a $45.00 price target on the stock. Finally, Zacks Investment Research upgraded US Foods from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a report on Friday, May 14th.

In other US Foods news, insider Andrew E. Iacobucci sold 7,684 shares of the business’s stock in a transaction that occurred on Thursday, March 25th. The stock was sold at an average price of $35.80, for a total transaction of $275,087.20. Following the transaction, the insider now owns 147,246 shares of the company’s stock, valued at $5,271,406.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Andrew E. Iacobucci sold 1,478 shares of the business’s stock in a transaction that occurred on Monday, March 29th. The stock was sold at an average price of $37.00, for a total value of $54,686.00. Following the transaction, the insider now directly owns 142,377 shares in the company, valued at approximately $5,267,949. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,252 shares of company stock worth $6,399,812. Company insiders own 1.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in USFD. Norges Bank acquired a new position in US Foods during the fourth quarter worth approximately $86,143,000. Boston Partners grew its position in shares of US Foods by 112.4% in the first quarter. Boston Partners now owns 4,737,675 shares of the company’s stock valued at $180,650,000 after purchasing an additional 2,507,260 shares during the last quarter. Newbrook Capital Advisors LP acquired a new position in shares of US Foods in the fourth quarter valued at approximately $81,321,000. JPMorgan Chase & Co. grew its position in shares of US Foods by 30.1% in the first quarter. JPMorgan Chase & Co. now owns 9,555,355 shares of the company’s stock valued at $364,249,000 after purchasing an additional 2,210,344 shares during the last quarter. Finally, TOMS Capital Investment Management LP acquired a new position in shares of US Foods in the fourth quarter valued at approximately $58,701,000. 92.63% of the stock is currently owned by hedge funds and other institutional investors.

USFD stock opened at $39.28 on Tuesday. The business’s 50-day simple moving average is $39.01. The company has a current ratio of 1.59, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of -53.08 and a beta of 1.82. US Foods has a 1-year low of $18.44 and a 1-year high of $42.10.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Monday, May 10th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $6.30 billion for the quarter, compared to analyst estimates of $5.94 billion. US Foods had a positive return on equity of 1.45% and a negative net margin of 0.52%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. On average, sell-side analysts expect that US Foods will post 1.55 earnings per share for the current year.

US Foods Company Profile

US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes 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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Analyst Recommendations for US Foods (NYSE:USFD)

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