US Foods (NYSE:USFD) Stock Price Expected to Rise, Barclays Analyst Says

US Foods (NYSE:USFD) had its price target raised by Barclays from $82.00 to $85.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 19.31% from the stock’s current price.

A number of other analysts have also weighed in on USFD. Jefferies Financial Group upped their target price 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. Piper Sandler increased their target price on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. UBS Group increased their price objective on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, November 8th. Melius Research upgraded US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Morgan Stanley raised their price objective on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. One investment 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 data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $70.17.

US Foods Price Performance

Shares of USFD opened at $71.25 on Friday. 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 has a fifty-two week low of $45.24 and a fifty-two week high of $73.00. The company has a market cap of $16.60 billion, a P/E ratio of 30.58, a PEG ratio of 0.95 and a beta of 1.67. The firm’s 50 day moving average price is $69.02 and its 200 day moving average price is $64.11.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) 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%. The company had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. On average, research analysts forecast that US Foods will post 2.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new position in shares of US Foods during the second quarter worth about $353,000. CWM LLC grew its stake in shares of US Foods by 80.7% in the 3rd quarter. CWM LLC now owns 7,388 shares of the company’s stock valued at $454,000 after purchasing an additional 3,300 shares during the last quarter. Creative Planning increased its holdings in shares of US Foods by 13.5% in the third quarter. Creative Planning now owns 12,978 shares of the company’s stock valued at $798,000 after purchasing an additional 1,547 shares during the period. Aaron Wealth Advisors LLC purchased a new stake in shares of US Foods during the third quarter worth approximately $230,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of US Foods during the third quarter worth $261,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.