US Foods (NYSE:USFD) had its target price boosted by Buckingham Research from $48.00 to $51.00 in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. Buckingham Research currently has a buy rating on the stock.
A number of other research analysts also recently commented on the stock. Credit Suisse Group increased their target price on shares of US Foods from $42.00 to $47.00 and gave the company an outperform rating in a research report on Thursday. Zacks Investment Research cut shares of US Foods from a buy rating to a hold rating in a research note on Friday, August 9th. Finally, Barclays increased their price target on shares of US Foods from $40.00 to $42.00 and gave the stock an equal weight rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $40.57.
Shares of NYSE USFD traded down $0.21 during mid-day trading on Thursday, reaching $42.19. The company had a trading volume of 118,766 shares, compared to its average volume of 1,619,511. 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 50 day simple moving average of $38.60 and a two-hundred day simple moving average of $36.55. The stock has a market cap of $8.91 billion, a P/E ratio of 20.76, a PEG ratio of 2.19 and a beta of 0.49. US Foods has a 52-week low of $27.51 and a 52-week high of $43.10.
US Foods (NYSE:USFD) last posted its earnings results on Tuesday, August 6th. The company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.36 billion. US Foods had a net margin of 1.63% and a return on equity of 14.15%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. On average, equities analysts expect that US Foods will post 2.18 EPS for the current year.
A number of large investors have recently modified their holdings of USFD. Parnassus Investments CA acquired a new stake in US Foods during the 2nd quarter worth $102,883,000. Nuveen Asset Management LLC boosted its stake in US Foods by 12,392.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,898,373 shares of the company’s stock worth $103,646,000 after purchasing an additional 2,875,172 shares during the period. Longview Partners Guernsey LTD boosted its stake in US Foods by 11.2% during the 2nd quarter. Longview Partners Guernsey LTD now owns 16,865,690 shares of the company’s stock worth $603,117,000 after purchasing an additional 1,702,792 shares during the period. Marshall Wace LLP boosted its stake in US Foods by 192.1% during the 2nd quarter. Marshall Wace LLP now owns 1,738,425 shares of the company’s stock worth $62,166,000 after purchasing an additional 1,143,259 shares during the period. Finally, Jennison Associates LLC acquired a new stake in US Foods during the 1st quarter worth $26,431,000. Hedge funds and other institutional investors own 95.62% 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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