US Foods (NYSE:USFD) has been given a $33.00 price objective by stock analysts at Pivotal Research in a research note issued on Monday. The firm presently has a “hold” rating on the stock. Pivotal Research’s price objective points to a potential upside of 0.18% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of US Foods from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday, November 10th. Royal Bank of Canada reaffirmed a “buy” rating and set a $38.00 price target on shares of US Foods in a research report on Friday, February 2nd. Guggenheim reiterated a “buy” rating and set a $40.00 price objective on shares of US Foods in a report on Sunday, January 28th. Finally, Barclays lowered shares of US Foods from an “overweight” rating to an “equal weight” rating and set a $32.00 price objective on the stock. in a report on Tuesday, January 16th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. US Foods presently has a consensus rating of “Buy” and a consensus target price of $35.20.
Shares of US Foods (NYSE:USFD) traded up $0.07 on Monday, reaching $32.94. 2,499,651 shares of the company’s stock were exchanged, compared to its average volume of 2,984,476. The company has a quick ratio of 0.81, a current ratio of 1.40 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $6,738.55, a PE ratio of 28.13, a P/E/G ratio of 0.99 and a beta of 0.86. US Foods has a twelve month low of $25.43 and a twelve month high of $33.91.
US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.08. The business had revenue of $6 billion for the quarter, compared to analysts’ expectations of $5.92 billion. US Foods had a net margin of 1.11% and a return on equity of 12.64%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 earnings per share. research analysts forecast that US Foods will post 1.16 EPS for the current fiscal year.
In other news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $28.00, for a total transaction of $559,377,644.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.56% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of USFD. Thornburg Investment Management Inc. acquired a new stake in shares of US Foods in the 3rd quarter worth about $55,586,000. Timucuan Asset Management Inc. FL acquired a new stake in shares of US Foods in the 4th quarter worth about $49,690,000. Two Sigma Advisers LP raised its holdings in shares of US Foods by 47.3% in the 4th quarter. Two Sigma Advisers LP now owns 3,488,013 shares of the company’s stock worth $111,372,000 after acquiring an additional 1,120,680 shares during the last quarter. York Capital Management Global Advisors LLC acquired a new stake in shares of US Foods in the 4th quarter worth about $33,952,000. Finally, Millennium Management LLC raised its holdings in shares of US Foods by 15.9% in the 4th quarter. Millennium Management LLC now owns 6,463,858 shares of the company’s stock worth $206,391,000 after acquiring an additional 888,163 shares during the last quarter. Institutional investors own 96.89% of the company’s stock.
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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.
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