US Foods (NYSE:USFD) Given a $88.00 Price Target by Guggenheim Analysts

US Foods (NYSE:USFD) has been given a $88.00 price objective by research analysts at Guggenheim in a research report issued to clients and investors on Monday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Guggenheim’s target price suggests a potential upside of 11.96% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upped their price target on US Foods from $82.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 25th. UBS Group upped their price target on US Foods from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Wells Fargo & Company restated an “overweight” rating and issued a $87.00 price target (up previously from $80.00) on shares of US Foods in a research report on Friday, August 8th. Citigroup started coverage on US Foods in a research report on Thursday, May 22nd. They set a “buy” rating and a $95.00 target price for the company. Finally, Wall Street Zen upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 24th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, US Foods has an average rating of “Buy” and an average target price of $80.55.

US Foods Stock Down 0.5%

USFD stock opened at $78.60 on Monday. US Foods has a fifty-two week low of $54.03 and a fifty-two week high of $85.11. The business’s 50-day moving average is $79.57 and its two-hundred day moving average is $72.52. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17. The company has a market cap of $17.70 billion, a price-to-earnings ratio of 33.59, a P/E/G ratio of 1.11 and a beta of 1.44.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. The business had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 earnings per share. As a group, analysts forecast that US Foods will post 3.59 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Dirk J. Locascio sold 7,500 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $600,000.00. Following the completion of the transaction, the executive vice president directly owned 115,077 shares of the company’s stock, valued at approximately $9,206,160. This represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On US Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Boston Partners lifted its stake in shares of US Foods by 29.1% in the 1st quarter. Boston Partners now owns 16,457,351 shares of the company’s stock valued at $1,076,225,000 after purchasing an additional 3,713,345 shares during the last quarter. Norges Bank bought a new stake in shares of US Foods in the 2nd quarter valued at approximately $184,413,000. Burgundy Asset Management Ltd. bought a new stake in shares of US Foods in the 1st quarter valued at approximately $110,245,000. Primecap Management Co. CA lifted its stake in shares of US Foods by 84.4% in the 2nd 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. bought a new stake in shares of US Foods in the 1st quarter valued at approximately $91,087,000. 98.76% of the stock is owned by institutional investors.

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.