US Foods Holding Corp. (NYSE:USFD) Receives Consensus Rating of “Buy” from Brokerages

US Foods Holding Corp. (NYSE:USFD) has been assigned an average rating of “Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $70.17.

A number of analysts have recently weighed in on the stock. Piper Sandler boosted their target price on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Barclays upped their price objective on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group lifted their target price on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Melius began coverage on US Foods in a research report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price target for the company.

US Foods Price Performance

Shares of US Foods stock opened at $71.25 on Monday. The firm has a market cap of $16.60 billion, a PE ratio of 30.58, a PEG ratio of 0.95 and a beta of 1.67. The stock has a 50 day moving average of $69.02 and a 200 day moving average of $64.18. 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.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). US Foods had a net margin of 1.54% and a return on equity of 14.15%. The firm had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. On average, research analysts expect that US Foods will post 2.94 EPS for the current fiscal year.

Institutional Investors Weigh In On US Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC raised its stake in shares of US Foods by 80.7% during the third quarter. CWM LLC now owns 7,388 shares of the company’s stock valued at $454,000 after acquiring an additional 3,300 shares in the last quarter. Creative Planning raised its position in US Foods by 13.5% during the 3rd quarter. Creative Planning now owns 12,978 shares of the company’s stock valued at $798,000 after purchasing an additional 1,547 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new stake in shares of US Foods in the 3rd quarter worth $230,000. First Citizens Bank & Trust Co. bought a new position in shares of US Foods during the 3rd quarter worth $261,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of US Foods by 15.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,518 shares of the company’s stock valued at $524,000 after buying an additional 1,137 shares during the period. Institutional investors 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.