Royal Bank Of Canada Analysts Give US Foods Holding Corp (NASDAQ:USFD) a $32.00 Price Target
US Foods Holding Corp (NASDAQ:USFD) has been assigned a $32.00 target price by analysts at Royal Bank Of Canada in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 12.72% from the company’s current price.
Several other research firms have also recently weighed in on USFD. Guggenheim reissued a “buy” rating and set a $33.00 price objective (up previously from $30.00) on shares of US Foods Holding Corp in a research report on Monday, May 15th. Zacks Investment Research raised US Foods Holding Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Pivotal Research boosted their price objective on US Foods Holding Corp from $25.00 to $29.00 and gave the stock a “hold” rating in a research report on Wednesday, May 10th. BMO Capital Markets set a $29.00 price objective on US Foods Holding Corp and gave the stock a “hold” rating in a research report on Friday. Finally, Loop Capital started coverage on US Foods Holding Corp in a research report on Monday, May 15th. They set a “hold” rating and a $31.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $30.78.
Shares of US Foods Holding Corp (NASDAQ USFD) traded up 0.67% during midday trading on Friday, reaching $28.39. The company’s stock had a trading volume of 1,207,712 shares. The stock has a market capitalization of $6.31 billion and a P/E ratio of 27.64. US Foods Holding Corp has a 12 month low of $22.19 and a 12 month high of $30.73. The stock’s 50-day moving average is $27.76 and its 200 day moving average is $27.82.
US Foods Holding Corp (NASDAQ:USFD) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.02. US Foods Holding Corp had a return on equity of 4.21% and a net margin of 0.46%. The business had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.78 billion. US Foods Holding Corp’s revenue was up 3.3% on a year-over-year basis. On average, analysts expect that US Foods Holding Corp will post $1.34 earnings per share for the current fiscal year.
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In other news, Director John Anthony Lederer sold 598,950 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $28.25, for a total value of $16,920,337.50. Following the sale, the director now directly owns 504,224 shares in the company, valued at approximately $14,244,328. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 22,655,559 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $28.25, for a total value of $640,019,541.75. The disclosure for this sale can be found here. Insiders have sold 23,344,441 shares of company stock worth $659,480,458 over the last 90 days.
Several large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in US Foods Holding Corp during the first quarter valued at $105,000. Public Employees Retirement Association of Colorado raised its stake in US Foods Holding Corp by 197.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 4,210 shares of the company’s stock valued at $115,000 after buying an additional 2,794 shares in the last quarter. US Bancorp DE raised its stake in US Foods Holding Corp by 205.9% in the second quarter. US Bancorp DE now owns 4,402 shares of the company’s stock valued at $120,000 after buying an additional 2,963 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in US Foods Holding Corp by 458.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,420 shares of the company’s stock valued at $175,000 after buying an additional 5,270 shares in the last quarter. Finally, UBS Group AG raised its stake in US Foods Holding Corp by 255.6% in the first quarter. UBS Group AG now owns 7,280 shares of the company’s stock valued at $204,000 after buying an additional 5,233 shares in the last quarter.
About US Foods Holding Corp
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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