US Foods (NYSE:USFD) had its price objective boosted by investment analysts at Credit Suisse Group from $42.00 to $47.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s price target suggests a potential upside of 14.38% from the stock’s previous close.
USFD has been the subject of several other research reports. Zacks Investment Research downgraded US Foods from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Barclays raised their price target on US Foods from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. US Foods currently has an average rating of “Hold” and an average target price of $40.14.
Shares of US Foods stock opened at $41.09 on Thursday. The stock’s fifty day moving average price is $38.60 and its 200-day moving average price is $36.55. US Foods has a 12 month low of $27.51 and a 12 month high of $42.02. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. The firm has a market cap of $8.93 billion, a P/E ratio of 20.24, a P/E/G ratio of 2.20 and a beta of 0.49.
US Foods (NYSE:USFD) last posted its earnings results on Tuesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. US Foods had a return on equity of 14.15% and a net margin of 1.63%. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.36 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Analysts forecast that US Foods will post 2.18 earnings per share for the current year.
In other US Foods news, insider Keith D. Rohland sold 62,780 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $36.60, for a total value of $2,297,748.00. Following the completion of the sale, the insider now owns 82,464 shares of the company’s stock, valued at $3,018,182.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.80% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC acquired a new stake in shares of US Foods during the fourth quarter worth about $30,000. Lindbrook Capital LLC acquired a new position in US Foods in the fourth quarter valued at approximately $39,000. IFP Advisors Inc lifted its holdings in US Foods by 635.1% in the fourth quarter. IFP Advisors Inc now owns 2,367 shares of the company’s stock valued at $74,000 after acquiring an additional 2,045 shares during the period. CENTRAL TRUST Co acquired a new position in US Foods in the second quarter valued at approximately $76,000. Finally, Stevens First Principles Investment Advisors lifted its holdings in US Foods by 84.2% in the first quarter. Stevens First Principles Investment Advisors now owns 2,560 shares of the company’s stock valued at $89,000 after acquiring an additional 1,170 shares during the period. 95.62% of the stock is owned by institutional investors and hedge funds.
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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