United Natural Foods Surges on Whole Foods Extended Partnership
USFD has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price objective on shares of US Foods from $60.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised their price objective on US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Wells Fargo & Company boosted their price objective on US Foods from $66.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, September 18th. Finally, Jefferies Financial Group boosted their price target on shares of US Foods from $66.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. 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. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $66.82.
Read Our Latest Analysis on USFD
USFD traded down $0.70 on Thursday, hitting $60.65. The company had a trading volume of 1,902,799 shares, compared to its average volume of 1,825,266. US Foods has a 1-year low of $35.66 and a 1-year high of $62.94. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 1.01 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. The company's fifty day moving average price is $58.46 and its 200 day moving average price is $54.69.
US Foods (NYSE:USFD - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, hitting analysts' consensus estimates of $0.93. The firm had revenue of $9.71 billion during the quarter, compared to analyst estimates of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The business's revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 EPS. Equities analysts predict that US Foods will post 2.9 earnings per share for the current fiscal year.
In other news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the sale, the chief financial officer now directly owns 88,563 shares of the company's stock, valued at approximately $5,132,225.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its stake in US Foods by 46.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company's stock worth $347,069,000 after acquiring an additional 2,064,321 shares during the last quarter. Interval Partners LP grew its holdings in shares of US Foods by 371.2% in the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company's stock valued at $98,905,000 after buying an additional 1,470,630 shares during the period. Vanguard Group Inc. increased its position in shares of 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 buying an additional 796,434 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in US Foods by 175.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company's stock worth $57,764,000 after buying an additional 694,999 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in US Foods by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company's stock worth $239,940,000 after acquiring an additional 567,601 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.
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.
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