US Foods (NYSE:USFD) Price Target Raised to $85.00

US Foods (NYSE:USFD) had its price objective upped by analysts at Barclays from $82.00 to $85.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 19.70% from the company’s previous close.

USFD has been the topic of several other reports. Melius initiated coverage on US Foods in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price objective on the stock. Morgan Stanley raised their price target on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Piper Sandler boosted their price objective on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Melius Research raised US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, Truist Financial raised their price objective on shares of US Foods from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $69.50.

US Foods Price Performance

Shares of USFD stock traded down $0.10 on Friday, reaching $71.01. The company’s stock had a trading volume of 819,533 shares, compared to its average volume of 1,878,868. The company has a market capitalization of $16.54 billion, a P/E ratio of 30.43, a PEG ratio of 0.95 and a beta of 1.67. US Foods has a 12-month low of $45.24 and a 12-month high of $73.00. The stock’s 50 day simple moving average is $69.06 and its 200-day simple moving average is $63.87. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a net margin of 1.54% and a return on equity of 14.15%. As a group, equities analysts predict that US Foods will post 2.94 earnings per share for the current fiscal year.

Institutional Trading of US Foods

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GeoWealth Management LLC lifted its holdings in shares of US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares during the last quarter. Legacy Wealth Managment LLC ID bought a new stake in US Foods in the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC boosted its position in shares of US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after buying an additional 178 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of US Foods during the third quarter valued at approximately $31,000. Finally, R Squared Ltd purchased a new stake in shares of US Foods in the fourth quarter worth approximately $34,000. Hedge funds and other 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.