US Foods Holding Corp (NYSE:USFD) has been assigned a consensus rating of “Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $39.67.
Several equities research analysts recently issued reports on USFD shares. Pivotal Research reiterated a “hold” rating and set a $32.00 price target on shares of US Foods in a report on Thursday, May 9th. Buckingham Research upgraded US Foods from a “neutral” rating to a “buy” rating and upped their price target for the stock from $32.00 to $48.00 in a report on Wednesday, May 8th. Finally, Zacks Investment Research upgraded US Foods from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Thursday, May 9th.
In other US Foods news, EVP Steven Guberman sold 23,043 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $36.62, for a total value of $843,834.66. Following the transaction, the executive vice president now owns 46,133 shares of the company’s stock, valued at $1,689,390.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Dirk J. Locascio sold 21,332 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $37.85, for a total value of $807,416.20. Following the completion of the transaction, the chief financial officer now directly owns 58,708 shares in the company, valued at approximately $2,222,097.80. The disclosure for this sale can be found here. Insiders have sold 48,809 shares of company stock valued at $1,812,737 in the last quarter. 0.80% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Clearbridge Investments LLC lifted its position in shares of US Foods by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 1,777,897 shares of the company’s stock valued at $62,066,000 after buying an additional 21,238 shares during the last quarter. Cerebellum GP LLC lifted its position in shares of US Foods by 19.7% during the 1st quarter. Cerebellum GP LLC now owns 6,873 shares of the company’s stock valued at $240,000 after buying an additional 1,131 shares during the last quarter. Maverick Capital Ltd. purchased a new position in shares of US Foods during the 1st quarter valued at $119,391,000. Morgan Stanley lifted its position in shares of US Foods by 81.1% during the 1st quarter. Morgan Stanley now owns 184,669 shares of the company’s stock valued at $6,445,000 after buying an additional 82,691 shares during the last quarter. Finally, M&T Bank Corp lifted its position in shares of US Foods by 4.5% during the 1st quarter. M&T Bank Corp now owns 12,663 shares of the company’s stock valued at $441,000 after buying an additional 550 shares during the last quarter. 96.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE USFD traded down $0.25 during midday trading on Friday, hitting $36.74. 10,166 shares of the stock traded hands, compared to its average volume of 1,698,898. The company has a market cap of $8.08 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 2.00 and a beta of 0.60. US Foods has a one year low of $27.51 and a one year high of $40.92. The company has a quick ratio of 0.82, a current ratio of 1.39 and a debt-to-equity ratio of 0.99.
US Foods (NYSE:USFD) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.96 billion. US Foods had a return on equity of 14.10% and a net margin of 1.69%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, equities research analysts anticipate that US Foods will post 2.18 earnings per share for the current year.
US Foods Company Profile
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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