Royal Bank of Canada Reaffirms Buy Rating for US Foods (NYSE:USFD)

US Foods (NYSE:USFD)‘s stock had its “buy” rating reiterated by equities researchers at Royal Bank of Canada in a report issued on Friday, February 2nd. They presently have a $38.00 price objective on the stock. Royal Bank of Canada’s price objective points to a potential upside of 27.18% from the stock’s previous close.

USFD has been the subject of several other research reports. Zacks Investment Research raised shares of US Foods from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, November 10th. Barclays downgraded shares of US Foods from an “overweight” rating to an “equal weight” rating and set a $32.00 target price for the company. in a research note on Tuesday, January 16th. Finally, Guggenheim reissued a “buy” rating and issued a $40.00 target price on shares of US Foods in a research note on Sunday, January 28th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $33.67.

US Foods (USFD) traded up $0.64 during trading hours on Friday, hitting $29.88. The stock had a trading volume of 3,028,588 shares, compared to its average volume of 2,826,280. The firm has a market cap of $6,713.83, a P/E ratio of 20.47, a PEG ratio of 1.19 and a beta of 0.86. The company has a quick ratio of 0.81, a current ratio of 1.40 and a debt-to-equity ratio of 1.31. US Foods has a fifty-two week low of $25.43 and a fifty-two week high of $33.91.

In other news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $28.00, for a total transaction of $559,377,644.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.56% of the company’s stock.

Several large investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of US Foods by 10.4% during the 4th quarter. BlackRock Inc. now owns 7,400,328 shares of the company’s stock worth $236,291,000 after purchasing an additional 696,496 shares during the period. Neuberger Berman Group LLC boosted its holdings in US Foods by 4.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 5,661,731 shares of the company’s stock worth $151,168,000 after acquiring an additional 226,546 shares during the period. Bank of New York Mellon Corp boosted its holdings in US Foods by 6.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,627,406 shares of the company’s stock worth $115,823,000 after acquiring an additional 216,383 shares during the period. Wells Fargo & Company MN boosted its holdings in US Foods by 14.4% in the 4th quarter. Wells Fargo & Company MN now owns 3,413,426 shares of the company’s stock worth $108,991,000 after acquiring an additional 429,210 shares during the period. Finally, Jennison Associates LLC boosted its holdings in US Foods by 26.0% in the 4th quarter. Jennison Associates LLC now owns 2,661,131 shares of the company’s stock worth $84,970,000 after acquiring an additional 549,234 shares during the period. Institutional investors and hedge funds own 97.10% of the company’s stock.

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About US Foods

US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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.

Analyst Recommendations for US Foods (NYSE:USFD)

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