The Guggenheim Reaffirms “Buy” Rating for US Foods Holding Corp (USFD)

The Guggenheim Reaffirms “Buy” Rating for US Foods Holding Corp (USFD)

Several other brokerages have also issued reports on USFD. Zacks Investment Research upgraded US Foods Holding Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Pivotal Research boosted their price objective on US Foods Holding Corp from $25.00 to $29.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $32.00 price objective on shares of US Foods Holding Corp in a research report on Wednesday, May 10th. Wells Fargo & Co restated a “buy” rating on shares of US Foods Holding Corp in a research note on Wednesday, February 15th. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a $32.00 target price (up previously from $22.19) on shares of US Foods Holding Corp in a research note on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $29.71.

US Foods Holding Corp (NASDAQ:USFD)‘s stock had its “buy” rating reissued by investment analysts at Guggenheim in a research note issued on Monday, May 15th. They presently have a $33.00 price objective on the stock, up from their previous price objective of $30.00. Guggenheim’s price objective indicates a potential upside of 8.59% from the stock’s previous close.

US Foods Holding Corp (USFD) opened at 30.39 on Monday. The company has a 50-day moving average of $28.65 and a 200-day moving average of $27.02. US Foods Holding Corp has a 12 month low of $22.19 and a 12 month high of $30.73. The company has a market cap of $6.75 billion and a price-to-earnings ratio of 29.59.

In related news, insider Pietro Satriano sold 89,932 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $28.25, for a total value of $2,540,579.00. Following the sale, the insider now owns 164,366 shares in the company, valued at approximately $4,643,339.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 22,655,559 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $28.25, for a total value of $640,019,541.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,344,441 shares of company stock worth $659,480,458. Large investors have recently bought and sold shares of the stock. FMR LLC boosted its stake in US Foods Holding Corp by 120.1% in the first quarter. FMR LLC now owns 16,128,349 shares of the company’s stock worth $451,271,000 after buying an additional 8,801,856 shares during the period. Vanguard Group Inc. raised its position in shares of US Foods Holding Corp by 72.2% in the first quarter. Vanguard Group Inc. now owns 7,553,056 shares of the company’s stock worth $211,335,000 after buying an additional 3,167,548 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of US Foods Holding Corp by 10.3% in the first quarter. Neuberger Berman Group LLC now owns 4,375,413 shares of the company’s stock worth $122,424,000 after buying an additional 407,159 shares in the last quarter. BlackRock Inc. raised its position in shares of US Foods Holding Corp by 2,703.9% in the first quarter. BlackRock Inc. now owns 3,153,795 shares of the company’s stock worth $88,245,000 after buying an additional 3,041,315 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of US Foods Holding Corp by 1,232.3% in the first quarter. Bank of New York Mellon Corp now owns 2,349,118 shares of the company’s stock worth $65,729,000 after buying an additional 2,172,804 shares in the last quarter.

US Foods Holding Corp 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:USFD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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