US Foods (NYSE:USFD) Receives Buy Rating from Guggenheim

US Foods (NYSE:USFD)‘s stock had its “buy” rating restated by analysts at Guggenheim in a report issued on Monday,Benzinga reports. They currently have a $80.00 target price on the stock. Guggenheim’s price target would indicate a potential upside of 9.92% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley lifted their target price on US Foods from $81.00 to $84.00 and gave the company an “overweight” rating in a research note on Friday. Barclays lifted their target price on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Piper Sandler lifted their price objective on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. StockNews.com cut US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Finally, Truist Financial lifted their price objective on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $73.00.

US Foods Price Performance

USFD traded up $1.08 during trading on Monday, hitting $72.78. The company’s stock had a trading volume of 220,007 shares, compared to its average volume of 1,998,076. The firm’s 50 day moving average price is $64.89 and its two-hundred day moving average price is $67.20. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. US Foods has a 12 month low of $50.05 and a 12 month high of $73.50. The stock has a market capitalization of $16.78 billion, a price-to-earnings ratio of 36.14, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Sell-side analysts forecast that US Foods will post 3.59 earnings per share for the current fiscal year.

Insider Activity

In related news, Director David W. Bullock bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares of the company’s stock, valued at approximately $319,770. The trade was a 800.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of US Foods

Several institutional investors and hedge funds have recently bought and sold shares of USFD. Colonial Trust Co SC bought a new stake in US Foods in the fourth quarter valued at approximately $25,000. GeoWealth Management LLC raised its stake in US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock valued at $26,000 after buying an additional 189 shares during the period. EverSource Wealth Advisors LLC raised its stake in US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after buying an additional 178 shares during the period. Legacy Investment Solutions LLC bought a new stake in US Foods in the fourth quarter valued at approximately $32,000. Finally, True Wealth Design LLC raised its stake in US Foods by 153.6% in the fourth quarter. True Wealth Design LLC now owns 492 shares of the company’s stock valued at $33,000 after buying an additional 298 shares during the period. 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.