Pivotal Research Analysts Give US Foods (USFD) a $33.00 Price Target

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.

Analyst Recommendations for US Foods (NYSE:USFD)

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