UBS Group Forecasts Strong Price Appreciation for US Foods (NYSE:USFD) Stock

US Foods (NYSE:USFD) had its target price increased by investment analysts at UBS Group from $77.00 to $83.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 16.50% from the stock’s previous close.

USFD has been the topic of a number of other research reports. Melius Research upgraded US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Barclays lifted their price target on shares of US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group increased their price objective on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. Truist Financial lifted their target price on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday. Finally, Piper Sandler raised their price target on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $70.17.

US Foods Trading Up 0.2 %

US Foods stock opened at $71.25 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. The firm has a market cap of $16.60 billion, a PE ratio of 30.58, a P/E/G ratio of 0.95 and a beta of 1.67. The stock’s 50 day simple moving average is $69.02 and its two-hundred day simple moving average is $64.11. US Foods has a 12 month low of $45.24 and a 12 month high of $73.00.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a net margin of 1.54% and a return on equity of 14.15%. Analysts anticipate that US Foods will post 2.94 earnings per share for the current year.

Institutional Investors Weigh In On US Foods

A number of hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV grew its stake in shares of US Foods by 10.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,549 shares of the company’s stock valued at $1,386,000 after buying an additional 2,019 shares during the period. Unisphere Establishment grew its position in US Foods by 9.6% in the fourth quarter. Unisphere Establishment now owns 263,500 shares of the company’s stock worth $17,776,000 after acquiring an additional 23,000 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in US Foods during the fourth quarter worth $175,000. Voleon Capital Management LP purchased a new stake in US Foods in the fourth quarter valued at $754,000. Finally, Schonfeld Strategic Advisors LLC lifted its stake in shares of US Foods by 530.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 463,973 shares of the company’s stock valued at $31,300,000 after purchasing an additional 390,422 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

About US Foods

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.