2 weeks Ago By ABMN Staff
US Foods Holding Corp. ( NYSE:USFD – Get Free Report ) reached a new 52-week high during mid-day trading on Wednesday after Jefferies Financial Group raised their price target on the stock from $66.00 to $71.
00. Jefferies Financial Group currently has a buy rating on the stock. US Foods traded as high as $62.
56 and last traded at $62.26, with a volume of 27110 shares. The stock had previously closed at $61.
79. USFD has been the subject of several other reports. Truist Financial lifted their price target on US Foods from $65.
00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. JPMorgan Chase & Co.
lifted their target price on US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, September 16th.
Piper Sandler upped their price target on shares of US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, June 7th.
Wells Fargo & Company raised their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th.
Finally, StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 22nd. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, US Foods currently has a consensus rating of “Buy” and a consensus price target of $66.82.
Read Our Latest Analysis on USFD Insider Buying and Selling Institutional Inflows and Outflows Hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in US Foods in the second quarter valued at approximately $353,000. Northwestern Mutual Wealth Management Co.
lifted its stake in shares of US Foods by 30.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co.
now owns 1,866 shares of the company’s stock valued at $99,000 after acquiring an additional 440 shares during the last quarter. Creative Planning boosted its holdings in shares of US Foods by 17.8% during the 2nd quarter.
Creative Planning now owns 11,431 shares of the company’s stock valued at $606,000 after acquiring an additional 1,727 shares in the last quarter. Nemes Rush Group LLC bought a new stake in US Foods during the 2nd quarter worth $120,000. Finally, Algert Global LLC increased its holdings in US Foods by 953.
4% in the 2nd quarter. Algert Global LLC now owns 97,862 shares of the company’s stock worth $5,185,000 after purchasing an additional 88,572 shares in the last quarter. Institutional investors own 98.
76% of the company’s stock. US Foods Stock Up 0.7 % The firm has a 50-day simple moving average of $56.
80 and a 200 day simple moving average of $54.16. The stock has a market capitalization of $15.
45 billion, a P/E ratio of 30.95, a P/E/G ratio of 1.02 and a beta of 1.
66. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.
29 and a quick ratio of 0.81. US Foods ( NYSE:USFD – Get Free Report ) last issued its quarterly earnings data on Thursday, August 8th.
The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93.
US Foods had a net margin of 1.42% and a return on equity of 13.43%.
The business had revenue of $9.71 billion during the quarter, compared to analyst estimates of $9.62 billion.
During the same quarter last year, the business earned $0.73 EPS. The firm’s quarterly revenue was up 7.
7% on a year-over-year basis. On average, equities research analysts forecast that US Foods Holding Corp. will post 2.
9 EPS for the current year. 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.com's FREE daily email newsletter .
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