Analysts Set US Foods Holding Corp. (NYSE:USFD) Target Price at $69.82

US Foods Holding Corp. (NYSE:USFD) has been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $71.09.

Several research firms have recently commented on USFD. Piper Sandler raised their price target on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft lifted their price objective on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. UBS Group lifted their price objective on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 8th. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company lifted their price objective on US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th.

Insiders Place Their Bets

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On US Foods

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new stake in shares of US Foods in the second quarter valued at $25,000. Quent Capital LLC grew its position in shares of US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after purchasing an additional 219 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of US Foods in the second quarter valued at $30,000. Ashton Thomas Securities LLC purchased a new stake in shares of US Foods in the third quarter valued at $31,000. Finally, Huntington National Bank grew its position in shares of US Foods by 332.5% in the third quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after purchasing an additional 409 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Stock Down 0.3 %

USFD opened at $66.82 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. The business has a 50 day simple moving average of $61.72 and a 200-day simple moving average of $56.59. The stock has a market capitalization of $15.56 billion, a P/E ratio of 28.68, a P/E/G ratio of 1.12 and a beta of 1.66. US Foods has a 12 month low of $42.19 and a 12 month high of $68.00.

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.