US Foods (NYSE:USFD) Given New $90.00 Price Target at Barclays

US Foods (NYSE:USFD) had its target price reduced by investment analysts at Barclays from $95.00 to $90.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 22.66% from the stock’s previous close.

A number of other research analysts have also weighed in on USFD. Piper Sandler boosted their target price on US Foods from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of US Foods in a research report on Friday. Morgan Stanley reissued an “overweight” rating and issued a $89.00 price objective (up from $84.00) on shares of US Foods in a research report on Monday, July 14th. Wall Street Zen upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of US Foods in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $82.00.

US Foods Stock Performance

Shares of USFD stock traded up $1.98 on Friday, reaching $73.38. The stock had a trading volume of 908,832 shares, compared to its average volume of 2,151,693. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The firm’s 50-day moving average is $76.28 and its two-hundred day moving average is $76.54. The firm has a market capitalization of $16.52 billion, a price-to-earnings ratio of 31.40, a P/E/G ratio of 1.04 and a beta of 1.34. US Foods has a 12 month low of $57.36 and a 12 month high of $85.11.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. The business had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.18 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%.US Foods’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. On average, research analysts expect that US Foods will post 3.59 EPS for the current fiscal year.

Institutional Investors Weigh In On US Foods

Several institutional investors have recently made changes to their positions in USFD. Parkside Financial Bank & Trust increased its stake in US Foods by 303.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 327 shares of the company’s stock worth $25,000 after acquiring an additional 246 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in US Foods in the first quarter valued at about $31,000. Geneos Wealth Management Inc. increased its stake in shares of US Foods by 120.1% in the second quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock valued at $37,000 after buying an additional 263 shares during the period. First Horizon Corp bought a new position in US Foods in the 3rd quarter valued at approximately $39,000. Finally, MAI Capital Management boosted its position in US Foods by 155.6% during the 2nd quarter. MAI Capital Management now owns 529 shares of the company’s stock worth $41,000 after buying an additional 322 shares during the period. 98.76% of the stock is currently owned by 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.