US Foods Holding Corp (USFD) Given Consensus Rating of “Buy” by Brokerages

US Foods Holding Corp (NYSE:USFD) has earned an average rating of “Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $31.38.

Several research firms recently commented on USFD. Zacks Investment Research upgraded shares of US Foods from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, November 10th. BidaskClub cut shares of US Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Barclays upgraded shares of US Foods from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $30.00 to $32.00 in a research note on Wednesday, September 13th.

In other news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $28.00, for a total value of $559,377,644.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay Kvasnicka sold 23,572 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $27.30, for a total transaction of $643,515.60. Following the completion of the transaction, the insider now owns 3,222 shares of the company’s stock, valued at approximately $87,960.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,001,345 shares of company stock valued at $1,106,821,160. Corporate insiders own 1.56% of the company’s stock.

Several hedge funds have recently made changes to their positions in USFD. Brown Advisory Inc. bought a new stake in shares of US Foods in the 3rd quarter worth about $214,000. Boothbay Fund Management LLC bought a new stake in US Foods during the 3rd quarter worth about $296,000. Strategic Global Advisors LLC grew its holdings in US Foods by 49.7% during the 3rd quarter. Strategic Global Advisors LLC now owns 12,098 shares of the company’s stock worth $323,000 after acquiring an additional 4,016 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in US Foods by 180.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 14,093 shares of the company’s stock worth $375,000 after acquiring an additional 9,071 shares during the last quarter. Finally, PEAK6 Investments L.P. bought a new stake in US Foods during the 3rd quarter worth about $528,000. Institutional investors own 96.91% of the company’s stock.

Shares of US Foods (USFD) traded up $0.38 during trading on Monday, hitting $31.00. 2,546,000 shares of the stock were exchanged, compared to its average volume of 2,090,316. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.40 and a quick ratio of 0.81. US Foods has a twelve month low of $24.86 and a twelve month high of $31.27. The firm has a market capitalization of $6,965.49, a PE ratio of 21.23, a price-to-earnings-growth ratio of 1.78 and a beta of 1.38.

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About US Foods

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.

Analyst Recommendations for US Foods (NYSE:USFD)

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