US Foods’ (USFD) “Outperform” Rating Reiterated at Royal Bank of Canada

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.

In related news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of the business’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.56% of the company’s stock.

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.

Analyst Recommendations for US Foods (NYSE:USFD)

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