Wells Fargo & Company reiterated their buy rating on shares of US Foods (NASDAQ:USFD) in a research report sent to investors on Friday morning.
Several other analysts also recently weighed in on USFD. BMO Capital Markets restated a hold rating on shares of US Foods in a report on Wednesday, November 9th. Goldman Sachs Group Inc. upgraded US Foods from a neutral rating to a buy rating and set a $31.00 price objective for the company in a report on Friday, December 9th. Zacks Investment Research downgraded US Foods from a buy rating to a hold rating in a report on Wednesday, January 11th. Finally, Citigroup Inc. reiterated a buy rating and issued a $27.00 target price (down previously from $30.00) on shares of US Foods in a research note on Monday, October 10th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $27.64.
US Foods (NASDAQ:USFD) opened at 26.38 on Friday. US Foods has a 1-year low of $22.19 and a 1-year high of $27.86. The company has a market cap of $5.82 billion and a PE ratio of 41.09. The firm’s 50-day moving average is $25.96 and its 200 day moving average is $24.35.
US Foods (NASDAQ:USFD) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm earned $5.80 billion during the quarter, compared to the consensus estimate of $5.91 billion. The business’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Analysts predict that US Foods will post $1.49 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. acquired a new stake in shares of US Foods during the second quarter worth $5,279,000. Prudential Financial Inc. acquired a new stake in shares of US Foods during the second quarter worth $1,800,000. Nationwide Fund Advisors acquired a new stake in shares of US Foods during the second quarter worth $4,274,000. JPMorgan Chase & Co. acquired a new stake in shares of US Foods during the second quarter worth $14,314,000. Finally, Mesirow Financial Investment Management Equity Management purchased a new stake in US Foods during the second quarter worth approximately $2,056,000.
About US Foods
US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. It conducts all of its operations through its subsidiary, US Foods, Inc It markets and distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States.