UBS Group Increases US Foods (NYSE:USFD) Price Target to $77.00

US Foods (NYSE:USFD) had its target price boosted by investment analysts at UBS Group from $67.00 to $77.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 15.06% from the company’s current price.

A number of other analysts also recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. JPMorgan Chase & Co. lifted their target price on shares of US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Jefferies Financial Group upped their target price on US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, US Foods presently has a consensus rating of “Buy” and a consensus target price of $68.55.

US Foods Trading Up 0.5 %

NYSE USFD traded up $0.36 on Friday, hitting $66.92. The company’s stock had a trading volume of 674,432 shares, compared to its average volume of 1,801,995. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. US Foods has a 1-year low of $40.23 and a 1-year high of $67.79. The firm has a market cap of $16.37 billion, a PE ratio of 31.87, a PEG ratio of 1.08 and a beta of 1.66. The company’s 50-day moving average is $61.07 and its 200 day moving average is $56.09.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The firm had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the previous year, the business earned $0.73 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, analysts predict that US Foods will post 2.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On US Foods

Several large investors have recently added to or reduced their stakes in USFD. Massachusetts Financial Services Co. MA lifted its holdings in shares of US Foods by 46.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock worth $347,069,000 after acquiring an additional 2,064,321 shares during the last quarter. Congress Asset Management Co. purchased a new stake in US Foods during the 3rd quarter valued at about $121,196,000. Interval Partners LP grew its position in US Foods by 371.2% during the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock worth $98,905,000 after acquiring an additional 1,470,630 shares during the last quarter. Vanguard Group Inc. increased its stake in US Foods by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock worth $1,242,336,000 after purchasing an additional 796,434 shares during the period. Finally, Ensign Peak Advisors Inc lifted its position in US Foods by 175.8% in the second quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company’s stock valued at $57,764,000 after purchasing an additional 694,999 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

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.