Brokerages Set US Foods Holding Corp. (NYSE:USFD) PT at $71.09

Shares of US Foods Holding Corp. (NYSE:USFD) have received an average rating of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $71.09.

USFD has been the subject of several research analyst reports. Truist Financial increased their target price on shares of US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group lifted their target price on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. UBS Group upped their price target on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Wells Fargo & Company lifted their price objective on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th.

US Foods Stock Performance

Shares of US Foods stock opened at $72.00 on Wednesday. The business’s fifty day simple moving average is $64.72 and its 200-day simple moving average is $58.48. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. The firm has a market cap of $16.77 billion, a PE ratio of 30.90, a price-to-earnings-growth ratio of 1.19 and a beta of 1.68. US Foods has a 52 week low of $43.24 and a 52 week high of $72.84.

Insiders Place Their Bets

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. This represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new stake in US Foods in the second quarter valued at $25,000. Quent Capital LLC increased its position in shares of US Foods by 87.6% during the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after purchasing an additional 219 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of US Foods in the 2nd quarter valued at about $30,000. Ashton Thomas Securities LLC acquired a new stake in shares of US Foods in the 3rd quarter valued at about $31,000. Finally, Huntington National Bank grew its stake in US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after buying an additional 409 shares during the last quarter. Institutional investors and hedge funds 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.