US Foods (NYSE:USFD) Price Target Lowered to $90.00 at Barclays

by · The Cerbat Gem

US Foods (NYSE:USFD – Get Free Report) had its price objective reduced by equities researchers at Barclays from $95.00 to $90.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 22.66% from the company’s current price.

A number of other brokerages have also recently issued reports on USFD. Weiss Ratings restated a “buy (b)” rating on shares of US Foods in a report on Wednesday. Morgan Stanley reissued an “overweight” rating and issued a $89.00 price target (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. Wall Street Zen raised US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. UBS Group lifted their target price on US Foods from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Finally, Guggenheim increased their price target on US Foods from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $82.00.

View Our Latest Research Report on US Foods

US Foods Trading Up 2.8%

Shares of US Foods stock traded up $1.98 on Friday, hitting $73.38. 908,832 shares of the company’s stock traded hands, compared to its average volume of 2,151,693. The firm’s 50-day moving average price is $76.28 and its two-hundred day moving average price is $76.54. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73. The stock has a market capitalization of $16.52 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 1.04 and a beta of 1.34. US Foods has a one year low of $57.36 and a one year high of $85.11.

US Foods (NYSE:USFD – Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. The firm had revenue of $10.19 billion for 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%.The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 earnings per share. On average, research analysts expect that US Foods will post 3.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Boston Partners lifted its position in US Foods by 29.1% during the 1st quarter. Boston Partners now owns 16,457,351 shares of the company’s stock worth $1,076,225,000 after buying an additional 3,713,345 shares in the last quarter. Norges Bank acquired a new stake in shares of US Foods in the second quarter valued at about $184,413,000. Burgundy Asset Management Ltd. bought a new stake in US Foods during the first quarter worth about $110,245,000. Primecap Management Co. CA boosted its position in US Foods by 84.4% during the second quarter. Primecap Management Co. CA now owns 3,580,710 shares of the company’s stock valued at $275,750,000 after purchasing an additional 1,639,310 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in US Foods during the first quarter valued at approximately $91,087,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Company Profile

(Get Free Report)

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.

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