US Foods (NYSE:USFD) Given New $83.00 Price Target at UBS Group

US Foods (NYSE:USFD) had its price objective raised by UBS Group from $77.00 to $83.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. Piper Sandler increased their price target on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Morgan Stanley increased their price target on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Truist Financial increased their price target on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday. Melius started coverage on shares of US Foods in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price target for the company. Finally, Jefferies Financial Group increased their price target on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $70.17.

US Foods Stock Up 0.2 %

Shares of NYSE USFD opened at $71.25 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. US Foods has a 12 month low of $45.24 and a 12 month high of $73.00. The firm has a market capitalization of $16.60 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 0.95 and a beta of 1.67. The firm has a fifty day simple moving average of $69.02 and a two-hundred day simple moving average of $64.04.

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

Hedge Funds Weigh In On US Foods

A number of institutional investors and hedge funds have recently made changes to their positions in USFD. GeoWealth Management LLC boosted its holdings in shares of US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock worth $26,000 after buying an additional 189 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of US Foods in the third quarter worth approximately $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after buying an additional 178 shares during the last quarter. Legacy Wealth Managment LLC ID purchased a new position in shares of US Foods in the fourth quarter worth approximately $32,000. Finally, Huntington National Bank boosted its holdings in shares of US Foods by 332.5% in the third quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after buying an additional 409 shares during the last quarter. Hedge funds and other 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.