Barclays Issues Positive Forecast for US Foods (NYSE:USFD) Stock Price

US Foods (NYSE:USFD) had its price target hoisted by Barclays from $71.00 to $78.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 16.54% from the company’s current price.

Several other research firms also recently issued reports on USFD. JPMorgan Chase & Co. upped their price objective on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 9th. Jefferies Financial Group increased their price target on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company raised their price target on US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $69.82.

US Foods Trading Up 0.6 %

NYSE:USFD traded up $0.37 on Friday, reaching $66.93. 1,025,118 shares of the company’s stock were exchanged, compared to its average volume of 1,803,612. US Foods has a 52-week low of $40.23 and a 52-week high of $67.79. The business has a fifty day moving average of $61.07 and a 200-day moving average of $56.09. The firm has a market capitalization of $16.37 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 1.08 and a beta of 1.66. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The company had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, analysts expect that US Foods will post 2.9 earnings per share for the current year.

Insider Buying and Selling at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the sale, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at $5,132,225.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On US Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in US Foods in the second quarter worth $25,000. Quent Capital LLC lifted its holdings in US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after acquiring an additional 219 shares during the last quarter. International Assets Investment Management LLC acquired a new position in US Foods in the second quarter valued at approximately $30,000. Ashton Thomas Securities LLC bought a new position in shares of US Foods during the third quarter valued at approximately $31,000. Finally, Huntington National Bank raised its position in shares of US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after purchasing an additional 409 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.