Barclays Cuts US Foods (NYSE:USFD) Price Target to $90.00

US Foods (NYSE:USFD) had its target price reduced by Barclays from $95.00 to $90.00 in a report published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also recently weighed in on USFD. Morgan Stanley reaffirmed an “overweight” rating and issued a $89.00 target price (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. UBS Group lifted their target price on shares of US Foods from $84.00 to $96.00 and gave the company a “buy” rating in a report on Monday, July 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of US Foods in a research note on Wednesday. Wall Street Zen raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. Finally, Guggenheim upped their price objective on US Foods from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, US Foods presently has an average rating of “Buy” and a consensus price target of $82.00.

US Foods Stock Performance

NYSE USFD opened at $72.68 on Friday. US Foods has a fifty-two week low of $57.36 and a fifty-two week high of $85.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.15. The stock’s fifty day moving average is $76.20 and its two-hundred day moving average is $76.80. The firm has a market capitalization of $16.37 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 1.03 and a beta of 1.34.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. US Foods had a return on equity of 17.71% and a net margin of 1.43%.The company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.18 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts anticipate that US Foods will post 3.59 earnings per share for the current year.

Institutional Trading of US Foods

Several large investors have recently modified their holdings of the company. Boston Partners grew its holdings in 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 buying an additional 3,713,345 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of US Foods by 3.7% in the first quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company’s stock valued at $774,806,000 after acquiring an additional 426,288 shares during the period. Invesco Ltd. grew its stake in shares of US Foods by 21.8% in the first quarter. Invesco Ltd. now owns 7,546,048 shares of the company’s stock worth $493,964,000 after acquiring an additional 1,350,034 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of US Foods by 2.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,134,905 shares of the company’s stock worth $472,449,000 after acquiring an additional 161,749 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in US Foods by 1.3% during the second quarter. Geode Capital Management LLC now owns 3,986,397 shares of the company’s stock worth $307,044,000 after acquiring an additional 52,361 shares during the period. 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.