US Foods (USFD) Rating Reiterated by Pivotal Research

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.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://ledgergazette.com/2018/02/20/us-foods-usfd-pt-set-at-33-00-by-pivotal-research.html.

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.

Analyst Recommendations for US Foods (NYSE:USFD)

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.

Leave a Reply