US Foods (NYSE:USFD)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank of Canada in a research report issued to clients and investors on Tuesday. They presently have a $38.00 price target on the stock. Royal Bank of Canada’s target price indicates a potential upside of 27.82% from the company’s current price.
USFD has been the subject of a number of other reports. Zacks Investment Research cut US Foods from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Barclays cut US Foods from an “overweight” rating to an “equal weight” rating and set a $32.00 price objective for the company. in a research note on Tuesday, January 16th. Guggenheim reaffirmed a “buy” rating and issued a $40.00 price objective on shares of US Foods in a research note on Sunday, January 28th. Finally, Pivotal Research set a $31.00 price objective on US Foods and gave the company a “hold” rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $33.89.
Shares of US Foods (NYSE USFD) opened at $29.73 on Tuesday. US Foods has a one year low of $25.43 and a one year high of $33.91. The company has a quick ratio of 0.81, a current ratio of 1.40 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $6,713.83, a price-to-earnings ratio of 25.41, a PEG ratio of 0.99 and a beta of 0.86.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in US Foods by 10.4% during the 4th quarter. BlackRock Inc. now owns 7,400,328 shares of the company’s stock worth $236,291,000 after purchasing an additional 696,496 shares in the last quarter. Neuberger Berman Group LLC grew its stake in US Foods by 4.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 5,661,731 shares of the company’s stock worth $151,168,000 after purchasing an additional 226,546 shares in the last quarter. Bank of New York Mellon Corp grew its stake in US Foods by 6.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,627,406 shares of the company’s stock worth $115,823,000 after purchasing an additional 216,383 shares in the last quarter. Wells Fargo & Company MN grew its stake in US Foods by 14.4% during the 4th quarter. Wells Fargo & Company MN now owns 3,413,426 shares of the company’s stock worth $108,991,000 after purchasing an additional 429,210 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in US Foods by 26.0% during the 4th quarter. Jennison Associates LLC now owns 2,661,131 shares of the company’s stock worth $84,970,000 after purchasing an additional 549,234 shares in the last quarter. 96.89% 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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