Shares of US Foods Holding Corp. (NYSE:USFD) have earned an average rating of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $43.11.
USFD has been the topic of a number of recent analyst reports. UBS Group initiated coverage on US Foods in a research report on Thursday, July 29th. They set a “neutral” rating and a $36.00 target price on the stock. Credit Suisse Group cut their target price on US Foods from $47.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 10th. Morgan Stanley cut their target price on US Foods from $45.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 10th. Zacks Investment Research lowered US Foods from a “buy” rating to a “hold” rating in a research report on Friday, August 13th. Finally, BTIG Research reaffirmed a “buy” rating and set a $45.00 target price on shares of US Foods in a research report on Friday, September 17th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its stake in shares of US Foods by 0.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 983,002 shares of the company’s stock worth $37,708,000 after acquiring an additional 5,888 shares in the last quarter. Comerica Bank boosted its stake in US Foods by 7.7% during the 2nd quarter. Comerica Bank now owns 186,317 shares of the company’s stock valued at $5,869,000 after purchasing an additional 13,327 shares during the period. Marshall Wace North America L.P. boosted its stake in US Foods by 33.5% during the 2nd quarter. Marshall Wace North America L.P. now owns 1,310,312 shares of the company’s stock valued at $50,264,000 after purchasing an additional 328,503 shares during the period. Mariner LLC boosted its stake in US Foods by 25.0% during the 2nd quarter. Mariner LLC now owns 16,011 shares of the company’s stock valued at $614,000 after purchasing an additional 3,200 shares during the period. Finally, Jefferies Group LLC boosted its stake in US Foods by 2.7% during the 2nd quarter. Jefferies Group LLC now owns 80,114 shares of the company’s stock valued at $3,073,000 after purchasing an additional 2,091 shares during the period. Institutional investors own 93.39% of the company’s stock.
US Foods (NYSE:USFD) last announced its quarterly earnings data on Monday, August 9th. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.24. The business had revenue of $7.66 billion during the quarter, compared to analyst estimates of $6.85 billion. US Foods had a return on equity of 7.37% and a net margin of 0.11%. The company’s revenue was up 68.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.22) earnings per share. As a group, research analysts forecast that US Foods will post 1.73 earnings per share for the current year.
US Foods Company Profile
US Foods Holding Corp. operates as a foodservice distributor. Its products include frozen and dry food and non-food products to foodservice customers throughout the U.S. The company offers services under brands Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli.
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