US Foods (NYSE:USFD)‘s stock had its “hold” rating reiterated by Pivotal Research in a research note issued to investors on Sunday, MarketBeat Ratings reports. They presently have a $33.00 target price on the stock, up from their previous target price of $31.00. Pivotal Research’s price objective suggests a potential upside of 1.54% from the company’s current price.
A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded US Foods from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 price target on shares of US Foods in a report on Tuesday, February 13th. Barclays downgraded US Foods from an “overweight” rating to an “equal weight” rating and set a $32.00 price target for the company. in a report on Tuesday, January 16th. Morgan Stanley increased their price target on US Foods from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Guggenheim reissued a “buy” rating and issued a $40.00 price target on shares of US Foods in a report on Sunday, January 28th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $35.40.
Shares of US Foods (USFD) traded down $0.28 on Friday, reaching $32.50. The company had a trading volume of 401,845 shares, compared to its average volume of 2,946,874. The stock has a market capitalization of $7,365.45, a P/E ratio of 16.47, a P/E/G ratio of 1.07 and a beta of 0.86. US Foods has a 1 year low of $25.43 and a 1 year high of $33.91. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.40 and a quick ratio of 0.81.
US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $6 billion during the quarter, compared to analysts’ expectations of $5.92 billion. US Foods had a net margin of 1.84% and a return on equity of 10.80%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. sell-side analysts anticipate that US Foods will post 1.67 earnings per share for the current year.
In other US Foods news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $28.00, for a total transaction of $559,377,644.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.56% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in USFD. Comerica Bank raised its position in shares of US Foods by 15.5% during the 4th quarter. Comerica Bank now owns 12,703 shares of the company’s stock worth $423,000 after purchasing an additional 1,700 shares during the period. Brown Advisory Inc. raised its position in shares of US Foods by 25.0% during the 4th quarter. Brown Advisory Inc. now owns 10,000 shares of the company’s stock worth $319,000 after purchasing an additional 2,000 shares during the period. Advisor Group Inc. raised its position in shares of US Foods by 25.4% during the 4th quarter. Advisor Group Inc. now owns 12,076 shares of the company’s stock worth $386,000 after purchasing an additional 2,443 shares during the period. Twin Tree Management LP raised its position in shares of US Foods by 78.4% during the 4th quarter. Twin Tree Management LP now owns 7,357 shares of the company’s stock worth $235,000 after purchasing an additional 3,233 shares during the period. Finally, Strategic Global Advisors LLC raised its position in shares of US Foods by 49.7% during the 3rd quarter. Strategic Global Advisors LLC now owns 12,098 shares of the company’s stock worth $323,000 after purchasing an additional 4,016 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.
About US Foods
US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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.
Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.