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.
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.
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