US Foods (NYSE:USFD) had its price objective raised by Credit Suisse Group from $42.00 to $47.00 in a report issued on Thursday morning, The Fly reports. The firm currently has an outperform rating on the stock.
A number of other research analysts have also weighed in on the company. Barclays raised their target price on US Foods from $40.00 to $42.00 and gave the company an equal weight rating in a report on Thursday. Zacks Investment Research lowered US Foods from a buy rating to a hold rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $40.57.
NYSE:USFD traded down $0.21 on Thursday, hitting $42.19. The stock had a trading volume of 118,766 shares, compared to its average volume of 1,619,511. The business’s fifty day moving average is $38.60 and its 200 day moving average is $36.55. The company has a market cap of $8.91 billion, a PE ratio of 20.76, a P/E/G ratio of 2.19 and a beta of 0.49. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 0.90. US Foods has a 52 week low of $27.51 and a 52 week high of $43.10.
US Foods (NYSE:USFD) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. The business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.36 billion. US Foods had a return on equity of 14.15% and a net margin of 1.63%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share. Equities analysts predict that US Foods will post 2.18 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Stevens First Principles Investment Advisors increased its position in shares of US Foods by 14.3% during the second quarter. Stevens First Principles Investment Advisors now owns 2,925 shares of the company’s stock valued at $105,000 after acquiring an additional 365 shares during the last quarter. Comerica Bank increased its position in shares of US Foods by 3.4% during the first quarter. Comerica Bank now owns 12,441 shares of the company’s stock valued at $437,000 after acquiring an additional 413 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of US Foods by 9.4% during the second quarter. First Mercantile Trust Co. now owns 7,883 shares of the company’s stock valued at $282,000 after acquiring an additional 680 shares during the last quarter. United Capital Financial Advisers LLC increased its position in shares of US Foods by 2.6% during the second quarter. United Capital Financial Advisers LLC now owns 28,836 shares of the company’s stock valued at $1,031,000 after acquiring an additional 720 shares during the last quarter. Finally, WINTON GROUP Ltd increased its position in shares of US Foods by 6.3% during the second quarter. WINTON GROUP Ltd now owns 13,394 shares of the company’s stock valued at $479,000 after acquiring an additional 799 shares during the last quarter. 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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