US Foods’ (USFD) Buy Rating Reaffirmed at Guggenheim

US Foods (NYSE:USFD)‘s stock had its “buy” rating reaffirmed by Guggenheim in a report issued on Monday,Benzinga reports. They presently have a $80.00 price target on the stock. Guggenheim’s price objective would suggest a potential upside of 26.08% from the company’s previous close.

Other research analysts also recently issued reports about the company. Jefferies Financial Group upped their target price on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. StockNews.com downgraded shares of US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Melius initiated coverage on US Foods in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price target on the stock. Truist Financial lifted their price objective on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, UBS Group increased their target price on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $71.83.

US Foods Stock Up 1.2 %

USFD stock traded up $0.78 during trading on Monday, reaching $63.45. 93,212 shares of the company traded hands, compared to its average volume of 1,976,853. US Foods has a 12 month low of $49.65 and a 12 month high of $73.19. The company has a market capitalization of $14.63 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The business has a 50 day simple moving average of $66.97 and a 200 day simple moving average of $66.65.

US Foods (NYSE:USFD) last announced 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). The business had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. On average, equities research analysts anticipate that US Foods will post 3.59 earnings per share for the current fiscal year.

Insider Activity at US Foods

In other news, Director David W. Bullock bought 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the acquisition, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. The trade was a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On US Foods

Several institutional investors and hedge funds have recently modified their holdings of USFD. HighTower Advisors LLC lifted its stake in shares of US Foods by 16.8% in the third quarter. HighTower Advisors LLC now owns 23,419 shares of the company’s stock worth $1,442,000 after buying an additional 3,368 shares during the last quarter. Stifel Financial Corp lifted its stake in US Foods by 38.4% during the third quarter. Stifel Financial Corp now owns 13,457 shares of the company’s stock worth $828,000 after purchasing an additional 3,734 shares during the period. Orion Portfolio Solutions LLC raised its stake in shares of US Foods by 85.3% in the third quarter. Orion Portfolio Solutions LLC now owns 9,036 shares of the company’s stock valued at $556,000 after acquiring an additional 4,160 shares during the last quarter. MML Investors Services LLC acquired a new position in US Foods during the 3rd quarter worth about $508,000. Finally, M&T Bank Corp raised its position in shares of US Foods by 70.3% during the 3rd quarter. M&T Bank Corp now owns 19,074 shares of the company’s stock valued at $1,173,000 after acquiring an additional 7,877 shares during the last quarter. Institutional investors and hedge funds 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.