In a report released today, Jeff Bernstein from Barclays maintained a Buy rating on US Foods Holding (USFD – Research Report), with a price target of $60.00. The company’s shares closed yesterday at $52.38.
According to TipRanks, Bernstein is a 5-star analyst with an average return of 7.0% and a 61.27% success rate. Bernstein covers the Consumer Cyclical sector, focusing on stocks such as Shake Shack, BJ’s Restaurants, and Brinker International.
Currently, the analyst consensus on US Foods Holding is a Strong Buy with an average price target of $59.00, representing a 12.64% upside. In a report released on April 25, Jefferies also maintained a Buy rating on the stock with a $59.00 price target.
Based on US Foods Holding’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.94 billion and a net profit of $147 million. In comparison, last year the company earned a revenue of $8.52 billion and had a net profit of $93 million
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of USFD in relation to earlier this year.
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US Foods Holding (USFD) Company Description:
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. The company is headquartered in Rosemont, IL.
