US Foods (NYSE:USFD) Stock Gets Price Target Boost from TD Cowen

US Foods (NYSE:USFD) had its target price hoisted by investment analysts at TD Cowen from $119.00 to $125.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen‘s price target would indicate a potential upside of 16.98% from the stock’s current price.

USFD has been the subject of several other research reports. Weiss Ratings raised US Foods from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, October 23rd. Wall Street Zen upgraded US Foods from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Piper Sandler lifted their price objective on US Foods from $88.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Citigroup boosted their price objective on US Foods from $110.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. cut their target price on US Foods from $108.00 to $98.00 and set a “neutral” rating for the company in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, US Foods currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.31.

US Foods Stock Performance

Shares of USFD traded down $3.07 during trading hours on Thursday, reaching $106.86. 5,877,675 shares of the company traded hands, compared to its average volume of 2,602,680. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.14. The stock’s fifty day moving average is $99.29 and its 200 day moving average is $94.76. US Foods has a 1-year low of $69.88 and a 1-year high of $112.57. The stock has a market cap of $23.12 billion, a P/E ratio of 32.88, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87.

US Foods (NYSE:USFD) last released its earnings results on Thursday, November 5th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.01. US Foods had a return on equity of 20.53% and a net margin of 1.81%. The business had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.58 billion. During the same period last year, the business earned $1.07 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that US Foods will post 4.45 earnings per share for the current fiscal year.

Insider Activity at US Foods

In other US Foods news, insider Randy J. Taylor sold 11,630 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $110.37, for a total value of $1,283,603.10. Following the transaction, the insider owned 73,618 shares of the company’s stock, valued at approximately $8,125,218.66. The trade was a 13.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William Spencer Hancock sold 21,754 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $108.29, for a total transaction of $2,355,740.66. Following the sale, the insider directly owned 101,144 shares in the company, valued at approximately $10,952,883.76. This represents a 17.70% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.74% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Callan Family Office LLC acquired a new stake in shares of US Foods in the 2nd quarter valued at $1,762,000. SaddleRock Capital Management LLC acquired a new position in shares of US Foods during the second quarter valued at $7,058,000. Fifth Third Bancorp lifted its stake in shares of US Foods by 2,548.1% during the first quarter. Fifth Third Bancorp now owns 75,392 shares of the company’s stock valued at $6,952,000 after acquiring an additional 72,545 shares during the period. Junto Capital Management LP acquired a new position in shares of US Foods during the second quarter valued at $70,921,000. Finally, Sterling Capital Management LLC boosted its holdings in US Foods by 144.6% in the third quarter. Sterling Capital Management LLC now owns 19,709 shares of the company’s stock valued at $1,817,000 after acquiring an additional 11,651 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. is a leading foodservice distributor serving restaurants, health care and hospitality organizations, educational institutions, government facilities and other commercial customers across the United States. Through its distribution network, the company delivers food, beverages, equipment and related supplies to professional foodservice operators.

The company offers a broad selection of fresh and frozen foods, dry groceries, beverages, meat, seafood, produce, dairy products and disposable supplies.