US Foods Holding Corp (NYSE:USFD) – Equities research analysts at Jefferies Financial Group lifted their Q4 2019 earnings estimates for shares of US Foods in a report released on Wednesday, November 6th. Jefferies Financial Group analyst C. Mandeville now anticipates that the company will post earnings per share of $0.66 for the quarter, up from their prior estimate of $0.63. Jefferies Financial Group also issued estimates for US Foods’ Q2 2020 earnings at $0.78 EPS.
Other research analysts also recently issued reports about the company. ValuEngine upgraded US Foods from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Bank of America boosted their price target on US Foods from $44.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Zacks Investment Research upgraded US Foods from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a report on Friday, October 11th. Credit Suisse Group boosted their price target on US Foods from $42.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Finally, Barclays boosted their price target on US Foods from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $42.50.
Shares of US Foods stock traded down $0.49 during trading on Friday, hitting $39.11. 1,574,419 shares of the company were exchanged, compared to its average volume of 1,702,232. The company has a quick ratio of 0.80, a current ratio of 1.40 and a debt-to-equity ratio of 1.35. US Foods has a fifty-two week low of $29.55 and a fifty-two week high of $43.10. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.95 and a beta of 0.47. The firm has a 50 day moving average price of $40.59 and a 200 day moving average price of $38.20.
US Foods (NYSE:USFD) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. US Foods had a return on equity of 14.40% and a net margin of 1.57%. The firm had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.53 billion. During the same period in the previous year, the firm posted $0.55 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year.
A number of institutional investors have recently made changes to their positions in USFD. WINTON GROUP Ltd boosted its position in US Foods by 6.3% during the 2nd quarter. WINTON GROUP Ltd now owns 13,394 shares of the company’s stock worth $479,000 after purchasing an additional 799 shares during the period. Harbour Capital Advisors LLC boosted its position in US Foods by 34.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 12,350 shares of the company’s stock valued at $442,000 after buying an additional 3,150 shares during the last quarter. CENTRAL TRUST Co purchased a new position in US Foods in the 2nd quarter valued at about $76,000. Tyvor Capital LLC boosted its position in US Foods by 13.6% in the 2nd quarter. Tyvor Capital LLC now owns 254,156 shares of the company’s stock valued at $9,089,000 after buying an additional 30,356 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in US Foods in the 2nd quarter valued at about $355,000. 95.81% of the stock is owned by hedge funds and other institutional investors.
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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