US Foods (NYSE:USFD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday, Zacks.com reports. The firm currently has a $41.00 target price on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 5.94% from the company’s current price.
According to Zacks, “US Foods Holding Corp. is a foodservice distributor. The company serves independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. US Foods Holding Corp. is headquartered in Rosemont, Ill. “
USFD has been the subject of a number of other research reports. Buckingham Research raised US Foods from a “neutral” rating to a “buy” rating and upped their price target for the company from $32.00 to $48.00 in a research report on Wednesday. Pivotal Research upped their price target on US Foods from $32.00 to $38.00 and gave the company a “hold” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $40.40.
USFD stock traded up $0.58 during trading on Thursday, hitting $38.70. 71,087 shares of the company traded hands, compared to its average volume of 1,656,410. The stock has a market capitalization of $7.94 billion, a PE ratio of 18.93, a P/E/G ratio of 1.24 and a beta of 0.55. US Foods has a 1 year low of $27.51 and a 1 year high of $40.92. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.43 and a quick ratio of 0.82.
US Foods (NYSE:USFD) last issued its earnings results on Tuesday, May 7th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.96 billion. US Foods had a return on equity of 14.18% and a net margin of 1.68%. US Foods’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS. Analysts anticipate that US Foods will post 2.19 EPS for the current year.
In other news, insider David A. Rickard sold 8,558 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $34.81, for a total value of $297,903.98. Following the completion of the transaction, the insider now owns 32,100 shares of the company’s stock, valued at approximately $1,117,401. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven Guberman sold 10,834 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $35.49, for a total value of $384,498.66. The disclosure for this sale can be found here. Insiders have sold a total of 43,460 shares of company stock valued at $1,506,491 in the last ninety days. 0.80% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Penserra Capital Management LLC bought a new position in shares of US Foods in the 4th quarter worth approximately $30,000. Lindbrook Capital LLC bought a new position in shares of US Foods in the 4th quarter worth approximately $39,000. IFP Advisors Inc raised its position in shares of US Foods by 635.1% in the 4th quarter. IFP Advisors Inc now owns 2,367 shares of the company’s stock worth $74,000 after acquiring an additional 2,045 shares in the last quarter. Stevens First Principles Investment Advisors raised its position in shares of US Foods by 84.2% in the 1st quarter. Stevens First Principles Investment Advisors now owns 2,560 shares of the company’s stock worth $89,000 after acquiring an additional 1,170 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of US Foods in the 4th quarter worth approximately $90,000. 99.63% of the stock is owned by hedge funds and other institutional investors.
About US Foods
US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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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