Barclays lowered shares of US Foods (NYSE:USFD) from an overweight rating to an equal weight rating in a research note issued to investors on Tuesday morning, Marketbeat reports. Barclays currently has $32.00 price objective on the stock.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of US Foods from a hold rating to a buy rating and set a $30.00 target price on the stock in a research report on Friday, November 10th. BidaskClub downgraded shares of US Foods from a buy rating to a hold rating in a research report on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $31.56.
US Foods (NYSE:USFD) opened at $33.15 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. The company has a market cap of $7,450.00 and a PE ratio of 28.33. US Foods has a 12-month low of $25.43 and a 12-month high of $33.15.
In other news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of US Foods stock in a transaction that occurred 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 filing with the SEC, which is accessible through this hyperlink. 1.56% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in USFD. Brown Advisory Inc. acquired a new stake in US Foods in the 3rd quarter worth approximately $214,000. CrestPoint Capital Management LLC acquired a new stake in US Foods in the 4th quarter worth approximately $224,000. Boothbay Fund Management LLC acquired a new stake in US Foods in the 3rd quarter worth approximately $296,000. Atria Investments LLC acquired a new stake in US Foods in the 4th quarter worth approximately $307,000. Finally, Strategic Global Advisors LLC boosted its stake in US Foods by 49.7% in the 3rd quarter. Strategic Global Advisors LLC now owns 12,098 shares of the company’s stock worth $323,000 after purchasing an additional 4,016 shares in the last quarter. Institutional investors own 96.89% of the company’s stock.
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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.
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