US Foods Holding Corp. (NYSE:USFD) Receives $68.92 Consensus Price Target from Brokerages

US Foods Holding Corp. (NYSE:USFD) has received a consensus recommendation of “Buy” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. One 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 1 year price target among brokerages that have issued a report on the stock in the last year is $68.92.

A number of equities analysts have recently weighed in on USFD shares. Melius began coverage on shares of US Foods in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price target on the stock. Melius Research raised US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price target on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Piper Sandler increased their price objective on US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Barclays lifted their target price on shares of US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, November 8th.

Institutional Trading of US Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV increased its stake in shares of US Foods by 7.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 18,095 shares of the company’s stock worth $959,000 after purchasing an additional 1,177 shares during the period. Pacer Advisors Inc. increased its position in US Foods by 20.1% during the 2nd quarter. Pacer Advisors Inc. now owns 47,874 shares of the company’s stock worth $2,536,000 after buying an additional 8,024 shares during the period. Sei Investments Co. lifted its holdings in shares of US Foods by 91.4% during the second quarter. Sei Investments Co. now owns 236,990 shares of the company’s stock worth $12,556,000 after buying an additional 113,168 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of US Foods by 69.8% during the second quarter. Thrivent Financial for Lutherans now owns 96,266 shares of the company’s stock worth $5,100,000 after buying an additional 39,585 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of US Foods in the second quarter valued at about $27,473,000. 98.76% of the stock is owned by institutional investors.

US Foods Trading Up 1.7 %

US Foods stock opened at $70.71 on Thursday. US Foods has a 52 week low of $45.15 and a 52 week high of $72.84. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. The firm has a market capitalization of $16.47 billion, a price-to-earnings ratio of 30.35, a P/E/G ratio of 0.93 and a beta of 1.67. The company has a 50 day moving average price of $68.68 and a 200 day moving average price of $62.38.

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.