Barclays Forecasts Strong Price Appreciation for US Foods (NYSE:USFD) Stock

US Foods (NYSE:USFD) had its price objective hoisted by Barclays from $71.00 to $78.00 in a research note published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also issued research reports about the company. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Truist Financial boosted their target price on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a report on Friday. UBS Group boosted their target price on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company upped their target price on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $69.82.

US Foods Stock Up 0.5 %

NYSE USFD traded up $0.33 during trading on Friday, hitting $66.89. The stock had a trading volume of 2,016,808 shares, compared to its average volume of 1,808,182. The company has a market capitalization of $16.36 billion, a PE ratio of 31.85, a P/E/G ratio of 1.08 and a beta of 1.66. The company’s 50-day moving average price is $61.23 and its two-hundred day moving average price is $56.21. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29. US Foods has a 12 month low of $40.23 and a 12 month high of $67.79.

US Foods (NYSE:USFD) last released its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. The firm had revenue of $9.71 billion for the quarter, compared to analysts’ expectations 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 business posted $0.73 EPS. As a group, sell-side analysts forecast that US Foods will post 2.9 EPS for the current year.

Insider Buying and Selling

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the transaction, the chief financial officer now owns 88,563 shares in the company, valued at approximately $5,132,225.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in shares of US Foods in the 2nd quarter valued at $25,000. Quent Capital LLC increased its stake in shares of US Foods by 87.6% in the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after acquiring an additional 219 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of US Foods in the 2nd quarter valued at $30,000. Ashton Thomas Securities LLC bought a new stake in shares of US Foods in the 3rd quarter valued at $31,000. Finally, Huntington National Bank increased its stake in shares of US Foods by 332.5% in the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after acquiring an additional 409 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

US Foods Company Profile

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.