US Foods (NYSE:USFD – Get Rating) had its target price raised by equity researchers at BTIG Research from $45.00 to $48.00 in a research note issued on Friday, The Fly reports. BTIG Research’s price objective suggests a potential upside of 17.62% from the company’s current price.
Several other analysts also recently weighed in on USFD. BMO Capital Markets lifted their price target on shares of US Foods from $45.00 to $50.00 in a research note on Friday, February 17th. JPMorgan Chase & Co. their price target on shares of US Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research note lifted on Tuesday, March 21st. StockNews.com downgraded shares of US Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 28th. Morgan Stanley lifted their price objective on shares of US Foods from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, February 17th. Finally, Wells Fargo & Company lifted their price objective on shares of US Foods from $49.00 to $50.00 in a report on Friday. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.58.
US Foods Stock Up 3.0 %
Shares of NYSE:USFD opened at $40.81 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.79 and a debt-to-equity ratio of 1.20. US Foods has a 12 month low of $25.49 and a 12 month high of $41.28. The company has a 50-day moving average price of $37.13 and a 200-day moving average price of $36.07. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 40.81 and a beta of 1.47.
US Foods (NYSE:USFD – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. US Foods had a net margin of 0.78% and a return on equity of 13.22%. The firm had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.58 billion. As a group, equity research analysts predict that US Foods will post 2.42 earnings per share for the current year.
Insiders Place Their Bets
In other US Foods news, Director Sunil Gupta sold 5,756 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $39.29, for a total value of $226,153.24. Following the completion of the transaction, the director now owns 17,802 shares in the company, valued at $699,440.58. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, the major shareholder of Kkr Group Partnership LP sold 7,600,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $38.83, for a total value of $295,108,000.00. Following the transaction, the insider now directly owns 37 shares in the company, valued at approximately $1,436.71. The sale was disclosed in a document filed with the SEC, which is accessible via this hyperlink. Also, Director Sunil Gupta sold 5,756 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $39.29, for a total transaction of $226,153.24. Following the sale, the director now owns 17,802 shares in the company, valued at $699,440.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,633,850 shares of company stock worth $296,320,022. Company insiders own 8.50% of the company’s stock.
Institutional Investors Weigh In On US Foods
Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC grew its position in shares of US Foods by 67.4% in the 1st quarter. NewEdge Advisors LLC now owns 708 shares of the company’s stock valued at $26,000 after buying an additional 285 shares during the last quarter. Signaturefd LLC lifted its stake in shares of US Foods by 63.7% in the 4th quarter. Signaturefd LLC now owns 830 shares of the company’s stock worth $28,000 after acquiring an additional 323 shares during the period. Park Place Capital Corp lifted its stake in shares of US Foods by 25.3% in the first quarter. Park Place Capital Corp now owns 1,705 shares of the company’s stock valued at $63,000 after purchasing an additional 344 shares during the period. The Arizona State Retirement System lifted its stake in shares of US Foods by 0.7% in the third quarter. Arizona State Retirement System now owns 54,758 shares of the company’s stock valued at $1,448,000 after purchasing an additional 363 shares during the period. Finally, Raymond James Trust NA lifted its stake in shares of US Foods by 2.6% in the first quarter. Raymond James Trust NA now owns 15,254 shares of the company’s stock valued at $574,000 after purchasing an additional 381 shares during the period. 97.06% of the stock is currently owned by institutional investors and hedge funds.
About US Foods
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US Foods Holding Corp. operates as a food service distributor. Its products include frozen and dry food and non-food products to food service customers throughout the US The company offers services under brands Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli.
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