US Foods Holding Corp. (NYSE:USFD) Receives $52.75 Consensus Target Price from Brokerages

Shares of US Foods Holding Corp. (NYSE:USFDGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $52.75.

USFD has been the subject of a number of recent research reports. Truist Financial upped their price objective on shares of US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. raised their price objective on US Foods from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, November 17th. Piper Sandler upgraded US Foods from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $45.00 to $59.00 in a report on Tuesday, February 20th. UBS Group upgraded US Foods from a “neutral” rating to a “buy” rating and increased their price target for the company from $47.00 to $64.00 in a report on Tuesday, February 20th. Finally, Morgan Stanley boosted their price objective on shares of US Foods from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th.

Check Out Our Latest Report on US Foods

Insider Activity at US Foods

In related news, EVP David A. Rickard sold 50,000 shares of the stock in a transaction dated 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 in the company, valued at $7,802,423.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP David A. Rickard sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total value of $2,626,000.00. Following the completion of the transaction, the executive vice president now directly owns 148,561 shares of the company’s stock, valued at $7,802,423.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scott D. Ferguson sold 3,000,000 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 15,932,877 shares in the company, valued at approximately $698,975,313.99. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of US Foods

A number of large investors have recently bought and sold shares of USFD. Vanguard Group Inc. grew its position in US Foods by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 22,477,103 shares of the company’s stock worth $892,341,000 after acquiring an additional 61,179 shares during the last quarter. BlackRock Inc. grew its holdings in shares of US Foods by 8.2% during the second quarter. BlackRock Inc. now owns 19,510,948 shares of the company’s stock worth $858,482,000 after purchasing an additional 1,484,983 shares during the last quarter. Boston Partners increased its stake in shares of US Foods by 1.4% in the third quarter. Boston Partners now owns 18,313,484 shares of the company’s stock valued at $726,684,000 after buying an additional 257,503 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of US Foods by 98.2% in the fourth quarter. Victory Capital Management Inc. now owns 9,220,688 shares of the company’s stock valued at $418,711,000 after buying an additional 4,569,002 shares during the last quarter. Finally, State Street Corp lifted its position in US Foods by 6.6% during the 2nd quarter. State Street Corp now owns 6,136,851 shares of the company’s stock worth $270,021,000 after buying an additional 380,446 shares in the last quarter. 98.69% of the stock is currently owned by institutional investors.

US Foods Stock Performance

USFD stock opened at $52.64 on Monday. The company has a market capitalization of $12.89 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 0.88 and a beta of 1.58. The firm has a 50 day moving average of $47.89 and a two-hundred day moving average of $43.38. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. US Foods has a 12 month low of $33.96 and a 12 month high of $54.48.

About US Foods

(Get Free Report

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.

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Analyst Recommendations for US Foods (NYSE:USFD)

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