US Foods (NYSE:USFD - Get Free Report) had its price target upped by UBS Group from $84.00 to $96.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's target price suggests a potential upside of 15.61% from the stock's current price.
Several other brokerages have also commented on USFD. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Barclays lifted their price objective on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Guggenheim restated a "buy" rating and set a $80.00 price objective on shares of US Foods in a research report on Monday, May 12th. JPMorgan Chase & Co. lifted their price objective on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Finally, Citigroup assumed coverage on US Foods in a research report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price objective for the company. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $78.42.
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US Foods Stock Performance
USFD traded up $0.78 during trading on Monday, reaching $83.04. The company's stock had a trading volume of 1,727,711 shares, compared to its average volume of 2,218,899. US Foods has a 52-week low of $50.49 and a 52-week high of $85.11. The company's fifty day moving average price is $78.43 and its 200-day moving average price is $71.34. The company has a market capitalization of $19.21 billion, a price-to-earnings ratio of 38.09, a price-to-earnings-growth ratio of 1.19 and a beta of 1.41. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 1.17.
US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). The firm had revenue of $9.35 billion for the quarter, compared to analysts' expectations of $9.42 billion. US Foods had a return on equity of 15.58% and a net margin of 1.38%. US Foods's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. On average, equities analysts forecast that US Foods will post 3.59 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the transaction, the executive vice president directly owned 115,077 shares in the company, valued at approximately $8,630,775. The trade was a 11.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.60% of the company's stock.
Institutional Trading of US Foods
Several institutional investors have recently made changes to their positions in USFD. LPL Financial LLC grew its stake in shares of US Foods by 12.1% during the 4th quarter. LPL Financial LLC now owns 108,598 shares of the company's stock valued at $7,326,000 after buying an additional 11,735 shares during the period. JPMorgan Chase & Co. grew its stake in shares of US Foods by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock valued at $290,369,000 after buying an additional 292,404 shares during the period. Norges Bank purchased a new stake in shares of US Foods during the 4th quarter valued at $211,300,000. Pictet Asset Management Holding SA increased its position in shares of US Foods by 10.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 33,637 shares of the company's stock worth $2,269,000 after acquiring an additional 3,257 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of US Foods by 2.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 13,878 shares of the company's stock worth $936,000 after acquiring an additional 278 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.
US Foods Company Profile
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Get Free Report)
US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's 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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