Sanford C. Bernstein Initiates Coverage on US Foods (NYSE:USFD)

Stock analysts at Sanford C. Bernstein started coverage on shares of US Foods (NYSE:USFD) in a research report issued on Wednesday, MarketBeat reports. The brokerage set an “outperform” rating and a $95.00 price target on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 25.58% from the company’s current price.

USFD has been the topic of several other research reports. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $87.00 price objective (up from $80.00) on shares of US Foods in a report on Friday, August 8th. Guggenheim upped their price target on shares of US Foods from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Piper Sandler upped their price target on shares of US Foods from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. UBS Group upped their price target on shares of US Foods from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Finally, Wall Street Zen upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $82.42.

US Foods Stock Down 0.1%

USFD stock opened at $75.65 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $17.03 billion, a PE ratio of 32.33, a PEG ratio of 1.06 and a beta of 1.36. US Foods has a 1-year low of $57.36 and a 1-year high of $85.11. The business’s 50 day simple moving average is $77.09 and its 200 day simple moving average is $75.69.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $10.17 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, research analysts anticipate that US Foods will post 3.59 EPS for the current year.

Institutional Trading of US Foods

Several large investors have recently made changes to their positions in USFD. SG Americas Securities LLC boosted its stake in shares of US Foods by 323.5% in the 3rd quarter. SG Americas Securities LLC now owns 38,515 shares of the company’s stock valued at $2,951,000 after purchasing an additional 29,420 shares in the last quarter. HB Wealth Management LLC boosted its position in US Foods by 3.3% in the third quarter. HB Wealth Management LLC now owns 8,505 shares of the company’s stock valued at $652,000 after buying an additional 271 shares in the last quarter. KLP Kapitalforvaltning AS boosted its position in US Foods by 13.2% in the third quarter. KLP Kapitalforvaltning AS now owns 54,200 shares of the company’s stock valued at $4,153,000 after buying an additional 6,300 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in US Foods in the third quarter valued at approximately $77,000. Finally, Global Retirement Partners LLC boosted its position in US Foods by 77.1% in the third quarter. Global Retirement Partners LLC now owns 5,760 shares of the company’s stock valued at $441,000 after buying an additional 2,507 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Company Profile

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.