Credit Suisse Group assumed coverage on shares of US Foods (NYSE:USFD) in a research note issued to investors on Tuesday morning. The brokerage issued an outperform rating and a $40.00 target price on the stock.
A number of other brokerages also recently commented on USFD. BMO Capital Markets upgraded US Foods from a market perform rating to an outperform rating and set a $40.00 price objective for the company in a research report on Monday, March 19th. Bank of America raised their price objective on US Foods from $38.00 to $40.00 and gave the stock a buy rating in a research report on Friday, March 16th. Morgan Stanley reiterated an equal weight rating and issued a $40.00 price objective (up previously from $38.00) on shares of US Foods in a research report on Friday, March 16th. Zacks Investment Research upgraded US Foods from a hold rating to a buy rating and set a $38.00 price objective for the company in a research report on Saturday, January 27th. Finally, Loop Capital set a $35.00 price objective on US Foods and gave the stock a hold rating in a research report on Friday, March 16th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $37.08.
USFD opened at $35.03 on Tuesday. The company has a market capitalization of $7,291.31, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 0.97 and a beta of 0.50. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 1.33. US Foods has a 12-month low of $25.43 and a 12-month high of $35.10.
US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.03). US Foods had a return on equity of 10.70% and a net margin of 1.84%. The firm had revenue of $6 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the prior year, the business posted $0.53 EPS. US Foods’s revenue was up 5.6% compared to the same quarter last year. research analysts expect that US Foods will post 2.05 EPS for the current fiscal year.
In related news, insider Jay Kvasnicka sold 59,305 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $34.52, for a total transaction of $2,047,208.60. Following the completion of the transaction, the insider now owns 18,862 shares in the company, valued at approximately $651,116.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Rickard sold 17,176 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $32.44, for a total value of $557,189.44. Following the transaction, the insider now owns 30,106 shares of the company’s stock, valued at approximately $976,638.64. The disclosure for this sale can be found here. Insiders have sold a total of 644,029 shares of company stock valued at $21,423,827 in the last 90 days. 0.57% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of USFD. Comerica Bank raised its position in US Foods by 15.5% in the 4th quarter. Comerica Bank now owns 12,703 shares of the company’s stock valued at $423,000 after purchasing an additional 1,700 shares during the last quarter. Brown Advisory Inc. raised its position in US Foods by 25.0% in the 4th quarter. Brown Advisory Inc. now owns 10,000 shares of the company’s stock valued at $319,000 after purchasing an additional 2,000 shares during the last quarter. Advisor Group Inc. raised its position in US Foods by 25.4% in the 4th quarter. Advisor Group Inc. now owns 12,076 shares of the company’s stock valued at $386,000 after purchasing an additional 2,443 shares during the last quarter. Twin Tree Management LP raised its position in US Foods by 78.4% in the 4th quarter. Twin Tree Management LP now owns 7,357 shares of the company’s stock valued at $235,000 after purchasing an additional 3,233 shares during the last quarter. Finally, Financial Gravity Companies Inc. bought a new position in US Foods in the 4th quarter valued at $132,000. Institutional investors and hedge funds own 99.83% of the company’s stock.
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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