Zacks Investment Research Upgrades US Foods (USFD) to Buy

US Foods (NYSE:USFD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The firm presently has a $36.00 price objective on the stock. Zacks Investment Research‘s target price suggests a potential upside of 15.05% 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. “

A number of other brokerages have also commented on USFD. Guggenheim reissued a “buy” rating and set a $40.00 price objective on shares of US Foods in a report on Sunday, January 28th. Barclays lowered US Foods from an “overweight” rating to an “equal weight” rating and set a $32.00 price objective on the stock. in a report on Tuesday, January 16th. Finally, Royal Bank of Canada restated a “buy” rating and set a $38.00 target price on shares of US Foods in a research note on Friday. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $33.67.

Shares of US Foods (NYSE USFD) traded down $0.67 during mid-day trading on Friday, reaching $31.29. The company’s stock had a trading volume of 3,252,081 shares, compared to its average volume of 2,600,000. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 1.40. US Foods has a 12 month low of $25.43 and a 12 month high of $33.91. The firm has a market cap of $7,030.00 and a price-to-earnings ratio of 26.74.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.10. US Foods had a return on equity of 12.64% and a net margin of 1.11%. sell-side analysts forecast that US Foods will post 1.16 earnings per share for the current fiscal year.

In related news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $28.00, for a total transaction of $559,377,644.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.56% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. lifted its position in shares of US Foods by 15.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 467,000 shares of the company’s stock worth $12,469,000 after buying an additional 63,743 shares during the period. Thornburg Investment Management Inc. acquired a new stake in US Foods during the 3rd quarter valued at $55,586,000. Brown Advisory Inc. acquired a new stake in US Foods during the 3rd quarter valued at $214,000. Dimensional Fund Advisors LP acquired a new stake in US Foods during the 3rd quarter valued at $19,197,000. Finally, Strategic Global Advisors LLC increased its holdings in US Foods by 49.7% during the 3rd quarter. Strategic Global Advisors LLC now owns 12,098 shares of the company’s stock valued at $323,000 after purchasing an additional 4,016 shares in the last quarter. Institutional investors own 97.12% of the company’s stock.

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US Foods Company Profile

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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