3 days Ago By ABMN Staff
US Foods ( NYSE:USFD – Get Free Report ) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Saturday. Several other research firms also recently weighed in on USFD.
Wells Fargo & Company lifted their price objective on US Foods from $63.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, June 6th.
JPMorgan Chase & Co. lifted their price objective on shares of US Foods from $58.00 to $60.
00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Piper Sandler increased their target price on US Foods from $59.00 to $61.
00 and gave the company an “overweight” rating in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft boosted their price target on US Foods from $72.00 to $75.
00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Truist Financial lifted their target price on US Foods from $65.00 to $66.
00 and gave the company a “buy” rating in a research note on Thursday, June 6th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.
70. Read Our Latest Stock Report on US Foods US Foods Price Performance US Foods ( NYSE:USFD – Get Free Report ) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.
93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. US Foods had a net margin of 1.
42% and a return on equity of 13.43%. The firm had revenue of $9.
71 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the prior year, the business posted $0.
73 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis.
As a group, sell-side analysts predict that US Foods will post 2.9 earnings per share for the current year. Institutional Investors Weigh In On US Foods A number of institutional investors and hedge funds have recently modified their holdings of USFD.
Vanguard Group Inc. raised its stake in US Foods by 3.6% in the 1st quarter.
Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after purchasing an additional 796,434 shares during the last quarter. Boston Partners boosted its holdings in US Foods by 3.
5% during the 1st quarter. Boston Partners now owns 16,527,901 shares of the company’s stock valued at $891,073,000 after acquiring an additional 566,277 shares during the period. Victory Capital Management Inc.
increased its stake in US Foods by 5.1% during the 2nd quarter. Victory Capital Management Inc.
now owns 10,383,374 shares of the company’s stock worth $550,111,000 after buying an additional 500,129 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of US Foods by 46.
0% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock valued at $347,069,000 after acquiring an additional 2,064,321 shares in the last quarter.
Finally, Dorsal Capital Management LP boosted its stake in shares of US Foods by 2.0% in the 4th quarter. Dorsal Capital Management LP now owns 5,000,000 shares of the company’s stock valued at $227,050,000 after buying an additional 100,000 shares during the period.
Institutional investors and hedge funds own 98.76% of the company’s stock. About US Foods ( 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. Further Reading Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.
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