US Foods Holding Corp. (NYSE:USFD) Given Consensus Rating of “Moderate Buy” by Analysts

US Foods Holding Corp. (NYSE:USFD) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $54.42.

USFD has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of US Foods from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. BTIG Research increased their price objective on shares of US Foods from $52.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. UBS Group upgraded shares of US Foods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $47.00 to $64.00 in a report on Tuesday, February 20th. Finally, Truist Financial increased their price objective on shares of US Foods from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, February 20th.

US Foods Stock Down 1.0 %

USFD opened at $53.97 on Friday. US Foods has a twelve month low of $35.66 and a twelve month high of $54.94. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $50.02 and a 200 day moving average price of $44.71. The company has a market cap of $13.22 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 0.91 and a beta of 1.58.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.04). US Foods had a return on equity of 13.41% and a net margin of 1.42%. The company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.81 billion. Sell-side analysts expect that US Foods will post 2.91 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP David A. Rickard sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total value of $2,626,000.00. Following the completion of the sale, the executive vice president now owns 148,561 shares of the company’s stock, valued at approximately $7,802,423.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On US Foods

A number of hedge funds have recently made changes to their positions in USFD. BlackRock Inc. boosted its position in shares of US Foods by 110.7% during the 1st quarter. BlackRock Inc. now owns 18,025,965 shares of the company’s stock worth $665,879,000 after purchasing an additional 9,471,020 shares during the period. Victory Capital Management Inc. boosted its position in shares of US Foods by 98.2% during the 4th quarter. Victory Capital Management Inc. now owns 9,220,688 shares of the company’s stock worth $418,711,000 after purchasing an additional 4,569,002 shares during the period. State Street Corp lifted its holdings in US Foods by 75.8% during the 1st quarter. State Street Corp now owns 5,756,405 shares of the company’s stock worth $212,642,000 after buying an additional 2,481,753 shares in the last quarter. Norges Bank acquired a new stake in US Foods during the 4th quarter worth approximately $108,316,000. Finally, Sessa Capital IM L.P. acquired a new stake in US Foods during the 4th quarter worth approximately $50,355,000. Hedge funds and other 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.