US Foods (NYSE:USFD) had its price objective upped by research analysts at JPMorgan Chase & Co. from $36.00 to $37.00 in a research note issued to investors on Friday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 10.94% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Royal Bank of Canada reissued a “buy” rating and set a $38.00 price objective on shares of US Foods in a research note on Friday, February 2nd. Loop Capital set a $32.00 target price on shares of US Foods and gave the company a “hold” rating in a report on Wednesday, February 14th. Zacks Investment Research lowered shares of US Foods from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Pivotal Research set a $33.00 target price on shares of US Foods and gave the company a “hold” rating in a report on Monday, February 12th. Finally, Barclays lowered shares of US Foods from an “overweight” rating to an “equal weight” rating and set a $32.00 target price on the stock. in a report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $36.67.
Shares of US Foods (NYSE:USFD) opened at $33.35 on Friday. US Foods has a 12 month low of $25.43 and a 12 month high of $35.10. The stock has a market cap of $7,323.59, a price-to-earnings ratio of 16.84, a PEG ratio of 1.08 and a beta of 0.43. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 1.33.
In other US Foods news, insider Jay Kvasnicka sold 59,305 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $34.52, for a total value of $2,047,208.60. Following the transaction, the insider now owns 18,862 shares in the company, valued at approximately $651,116.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Pietro Satriano sold 163,284 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $33.04, for a total transaction of $5,394,903.36. Following the completion of the transaction, the chief executive officer now owns 340,989 shares in the company, valued at approximately $11,266,276.56. The disclosure for this sale can be found here. Insiders sold a total of 644,029 shares of company stock worth $21,423,827 in the last quarter. 1.56% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Financial Gravity Companies Inc. acquired a new position in US Foods in the 4th quarter worth $132,000. Cerebellum GP LLC acquired a new stake in shares of US Foods in the 4th quarter valued at about $135,000. American International Group Inc. acquired a new stake in shares of US Foods in the 4th quarter valued at about $137,000. Tower Research Capital LLC TRC raised its stake in shares of US Foods by 2,909.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,139 shares of the company’s stock valued at $196,000 after purchasing an additional 5,935 shares in the last quarter. Finally, ETRADE Capital Management LLC acquired a new stake in shares of US Foods in the 4th quarter valued at about $214,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.
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US Foods Company Profile
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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