US Foods (NYSE:USFD) had its target price dropped by stock analysts at Loop Capital from $36.00 to $34.00 in a report issued on Friday, The Fly reports. The brokerage currently has a “hold” rating on the stock. Loop Capital’s price objective would indicate a potential upside of 7.94% from the company’s current price.
Several other brokerages have also recently issued reports on USFD. Morgan Stanley decreased their price objective on US Foods from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, July 31st. Buckingham Research initiated coverage on US Foods in a report on Monday, October 22nd. They set a “neutral” rating and a $32.00 price objective on the stock. ValuEngine cut US Foods from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Pivotal Research decreased their price objective on US Foods from $33.00 to $31.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada restated a “hold” rating and set a $35.00 price target on shares of US Foods in a report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $37.87.
Shares of USFD opened at $31.50 on Friday. The company has a market cap of $6.89 billion, a PE ratio of 18.04, a PEG ratio of 0.65 and a beta of 0.36. US Foods has a 1 year low of $26.30 and a 1 year high of $40.92. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.81 and a current ratio of 1.39.
US Foods (NYSE:USFD) last issued its quarterly earnings data on Tuesday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.04. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.31 billion. US Foods had a return on equity of 13.04% and a net margin of 2.33%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. As a group, equities analysts forecast that US Foods will post 1.99 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in USFD. The Manufacturers Life Insurance Company raised its holdings in US Foods by 47.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 11,041 shares of the company’s stock valued at $362,000 after buying an additional 3,532 shares during the period. LPL Financial LLC purchased a new stake in US Foods during the 1st quarter valued at $406,000. Allianz Asset Management GmbH increased its stake in US Foods by 142.6% in the first quarter. Allianz Asset Management GmbH now owns 159,311 shares of the company’s stock worth $5,221,000 after purchasing an additional 93,641 shares during the period. State of Alaska Department of Revenue increased its stake in US Foods by 48.6% in the second quarter. State of Alaska Department of Revenue now owns 24,240 shares of the company’s stock worth $916,000 after purchasing an additional 7,930 shares during the period. Finally, Xact Kapitalforvaltning AB increased its stake in US Foods by 13.0% in the second quarter. Xact Kapitalforvaltning AB now owns 32,141 shares of the company’s stock worth $1,216,000 after purchasing an additional 3,700 shares during the period.
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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