US Foods (NYSE:USFD) PT Raised to $49.00

US Foods (NYSE:USFD – Get Rating) had its target price lifted by research analysts at Truist Financial from $43.00 to $49.00 in a report issued on Friday, The Fly reports. Truist Financial’s target price points to a potential upside of 20.07% from the company’s previous close.

Several other research firms have also issued reports on USFD. JPMorgan Chase & Co. increased their target price on US Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 21st. BTIG Research increased their price target on US Foods from $45.00 to $48.00 in a research report on Friday. BMO Capital Markets increased their price target on US Foods from $45.00 to $50.00 in a research report on Friday, February 17th. Wells Fargo & Company increased their price target on US Foods from $49.00 to $50.00 in a research report on Friday. Finally, Morgan Stanley increased their price objective on US Foods from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, February 17th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.58.

US Foods Stock Up 3.0 %

Shares of NYSE:USFD opened at $40.81 on Friday. The stock has a market cap of $9.15 billion, a P/E ratio of 40.81 and a beta of 1.47. The company has a quick ratio of 0.79, a current ratio of 1.37 and a debt-to-equity ratio of 1.20. US Foods has a 52-week low of $25.49 and a 52-week high of $41.28. The business has a fifty day moving average of $37.13 and a two-hundred day moving average of $36.07.

US Foods (NYSE:USFD – Get Rating) last released its quarterly earnings results on Thursday, February 16th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.58 billion. US Foods had a return on equity of 13.22% and a net margin of 0.78%. On average, research analysts expect that US Foods will post 2.42 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Sunil Gupta sold 5,756 shares of US Foods stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $39.29, for a total transaction of $226,153.24. Following the completion of the transaction, the director now directly owns 17,802 shares of the company’s stock, valued at $699,440.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Kkr Group Partnership L.P. sold 7,600,000 shares of US Foods stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $38.83, for a total value of $295,108,000.00. Following the completion of the sale, the insider now owns 37 shares of the company’s stock, valued at $1,436.71. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sunil Gupta sold 5,756 shares of US Foods stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $39.29, for a total value of $226,153.24. Following the completion of the sale, the director now directly owns 17,802 shares of the company’s stock, valued at approximately $699,440.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,633,850 shares of company stock valued at $296,320,022. 8.50% of the stock is owned by insiders.

Institutional Investors Weigh In On US Foods

A number of institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in shares of US Foods by 47.4% during the first quarter. Renaissance Technologies LLC now owns 829,300 shares of the company’s stock worth $30,634,000 after purchasing an additional 266,700 shares in the last quarter. Longview Partners Guernsey LTD lifted its stake in shares of US Foods by 3.2% during the first quarter. Longview Partners Guernsey LTD now owns 8,485,979 shares of the company’s stock worth $313,472,000 after purchasing an additional 265,350 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of US Foods by 234.7% in the first quarter. Great West Life Assurance Co. Can now owns 187,653 shares of the company’s stock worth $6,937,000 after acquiring an additional 131,582 shares in the last quarter. BlackRock Inc. lifted its stake in shares of US Foods by 110.7% in the first quarter. BlackRock Inc. now owns 18,025,965 shares of the company’s stock worth $665,879,000 after acquiring an additional 9,471,020 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC lifted its stake in shares of US Foods by 167.8% in the first quarter. BNP Paribas Arbitrage SNC now owns 32,261 shares of the company’s stock worth $1,192,000 after acquiring an additional 20,213 shares in the last quarter. Hedge funds and other institutional investors own 97.06% of the company’s stock.

About US Foods

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US Foods Holding Corp. operates as a foodservice distributor. Its products include frozen and dry food and non-food products to foodservice customers throughout the U.S. The company offers services under brands Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli.