Brokerages Set US Foods Holding Corp. (NYSE:USFD) Price Target at $49.70

Shares of US Foods Holding Corp. (NYSE:USFDGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $49.70.

Several analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of US Foods from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of US Foods in a report on Thursday, October 19th. They set a “buy” rating and a $50.00 price target on the stock. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 18th. Barclays dropped their price target on shares of US Foods from $51.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, October 23rd. Finally, Truist Financial raised their price target on shares of US Foods from $50.00 to $52.00 and gave the company a “buy” rating in a report on Friday, November 10th.

Check Out Our Latest Stock Report on USFD

Insider Transactions at US Foods

In other US Foods news, Director Scott D. Ferguson sold 3,000,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $43.87, for a total transaction of $131,610,000.00. Following the sale, the director now owns 15,932,877 shares in the company, valued at approximately $698,975,313.99. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On US Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USFD. NewEdge Advisors LLC raised its stake in US Foods by 67.4% during the 1st quarter. NewEdge Advisors LLC now owns 708 shares of the company’s stock worth $26,000 after acquiring an additional 285 shares during the period. Blue Trust Inc. purchased a new stake in US Foods during the 4th quarter valued at approximately $30,000. KB Financial Partners LLC purchased a new stake in US Foods during the 1st quarter valued at approximately $34,000. Fifth Third Bancorp grew its holdings in US Foods by 44.6% during the 2nd quarter. Fifth Third Bancorp now owns 875 shares of the company’s stock valued at $38,000 after buying an additional 270 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in US Foods during the 4th quarter valued at approximately $41,000. Institutional investors own 98.69% of the company’s stock.

US Foods Stock Performance

Shares of USFD stock opened at $47.50 on Thursday. US Foods has a one year low of $33.96 and a one year high of $47.76. The company’s 50-day moving average is $45.64 and its 200 day moving average is $42.17. The company has a market capitalization of $11.68 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 0.71 and a beta of 1.57. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.81 and a current ratio of 1.29.

US Foods Company Profile

(Get Free Report

US Foods Holding Corp., through its subsidiary, 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.

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Analyst Recommendations for US Foods (NYSE:USFD)

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