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

US Foods (NYSE:USFD) had its price target hoisted by investment analysts at UBS Group from $77.00 to $83.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 16.50% from the stock’s current price.

A number of other brokerages also recently commented on USFD. Truist Financial boosted their price objective on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday. Melius initiated coverage on shares of US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price objective on the stock. Jefferies Financial Group increased their target price on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. Piper Sandler lifted their price target 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 raised their target price on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $70.17.

US Foods Trading Up 0.2 %

Shares of USFD stock opened at $71.25 on Friday. The stock has a market capitalization of $16.60 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 0.95 and a beta of 1.67. US Foods has a fifty-two week low of $45.24 and a fifty-two week high of $73.00. 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 company has a 50 day moving average price of $69.02 and a 200 day moving average price of $64.11.

US Foods (NYSE:USFD) last posted 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 business had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. US Foods had a return on equity of 14.15% and a net margin of 1.54%. Equities research analysts predict that US Foods will post 2.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of US Foods during the fourth quarter worth about $211,300,000. Artisan Partners Limited Partnership purchased a new position in shares of US Foods in the 4th quarter valued at approximately $171,107,000. Public Sector Pension Investment Board raised its stake in shares of US Foods by 100.2% during the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock worth $369,000 after purchasing an additional 2,500,000 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of US Foods by 25.2% during the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after purchasing an additional 2,435,357 shares during the period. Finally, Congress Asset Management Co. purchased a new position in US Foods in the 3rd quarter valued at $121,196,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.