US Foods (NYSE:USFD) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday. The firm presently has a $37.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 13.60% from the company’s previous close.
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. ”
Several other research analysts have also recently issued reports on USFD. Pivotal Research set a $33.00 target price on shares of US Foods and gave the stock a “hold” rating in a report on Monday, February 12th. BMO Capital Markets set a $37.00 target price on shares of US Foods and gave the stock a “hold” rating in a report on Thursday, February 15th. Loop Capital set a $32.00 target price on shares of US Foods and gave the stock a “hold” rating in a report on Wednesday, February 14th. Morgan Stanley raised their target price on shares of US Foods from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 16th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $38.00 price target on shares of US Foods in a research note on Friday, February 2nd. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. US Foods has an average rating of “Buy” and an average target price of $35.50.
Shares of US Foods (USFD) traded up $0.28 during midday trading on Thursday, reaching $32.57. 1,464,151 shares of the company’s stock were exchanged, compared to its average volume of 2,957,367. US Foods has a twelve month low of $25.43 and a twelve month 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. The company has a market capitalization of $7,181.20, a PE ratio of 16.45, a P/E/G ratio of 0.89 and a beta of 0.86.
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). US Foods had a net margin of 1.84% and a return on equity of 10.80%. The business had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. sell-side analysts forecast that US Foods will post 1.95 earnings per share for the current year.
In other news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of US Foods stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $28.00, for a total value of $559,377,644.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Pietro Satriano sold 163,284 shares of US Foods stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $33.04, for a total value of $5,394,903.36. Following the completion of the transaction, the chief executive officer now directly owns 340,989 shares of the company’s stock, valued at approximately $11,266,276.56. The disclosure for this sale can be found here. Insiders have sold 20,256,935 shares of company stock valued at $568,609,604 in the last three months. Insiders own 1.56% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank raised its position in shares of US Foods by 15.5% in 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 last quarter. Brown Advisory Inc. increased its holdings in US Foods by 25.0% in the 4th quarter. Brown Advisory Inc. now owns 10,000 shares of the company’s stock worth $319,000 after buying an additional 2,000 shares in the last quarter. Advisor Group Inc. increased its holdings in US Foods by 25.4% in the 4th quarter. Advisor Group Inc. now owns 12,076 shares of the company’s stock worth $386,000 after buying an additional 2,443 shares in the last quarter. Twin Tree Management LP increased its holdings in US Foods by 78.4% in the 4th quarter. Twin Tree Management LP now owns 7,357 shares of the company’s stock worth $235,000 after buying an additional 3,233 shares in the last quarter. Finally, Strategic Global Advisors LLC increased its holdings in US Foods by 49.7% in the 3rd quarter. Strategic Global Advisors LLC now owns 12,098 shares of the company’s stock worth $323,000 after buying an additional 4,016 shares in the last quarter. 88.54% of the stock is owned by hedge funds and other institutional investors.
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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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