US Foods Holding Corp. (USFD) Receives $31.33 Average PT from Analysts
US Foods Holding Corp. (NYSE:USFD) has been given an average rating of “Buy” by the twelve brokerages that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $31.33.
Several research analysts have commented on USFD shares. Barclays PLC started coverage on US Foods Holding Corp. in a report on Monday, August 28th. They set an “equal weight” rating and a $30.00 target price on the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a $33.00 target price on shares of US Foods Holding Corp. in a report on Thursday, August 10th. BMO Capital Markets set a $29.00 target price on US Foods Holding Corp. and gave the stock a “hold” rating in a report on Friday, August 4th. Pivotal Research set a $29.00 target price on US Foods Holding Corp. and gave the stock a “hold” rating in a report on Wednesday, August 9th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of US Foods Holding Corp. in a report on Wednesday, August 9th.
In related news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $27.34, for a total transaction of $546,800,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jay Kvasnicka sold 23,572 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $27.30, for a total value of $643,515.60. Following the transaction, the insider now directly owns 3,222 shares in the company, valued at $87,960.60. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of USFD. Brown Advisory Inc. acquired a new position in US Foods Holding Corp. during the 3rd quarter worth approximately $214,000. Boothbay Fund Management LLC bought a new stake in US Foods Holding Corp. during the 3rd quarter worth approximately $296,000. Strategic Global Advisors LLC increased its holdings in US Foods Holding Corp. 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 purchasing an additional 4,016 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in US Foods Holding Corp. 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 purchasing an additional 9,071 shares in the last quarter. Finally, PEAK6 Investments L.P. bought a new stake in US Foods Holding Corp. during the 3rd quarter worth approximately $528,000.
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Shares of US Foods Holding Corp. (NYSE:USFD) traded down $0.20 during mid-day trading on Thursday, reaching $27.26. The company had a trading volume of 1,115,439 shares, compared to its average volume of 1,988,894. The company has a market cap of $6,110.00 and a price-to-earnings ratio of 18.80. US Foods Holding Corp. has a twelve month low of $22.46 and a twelve month high of $30.73. 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 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.
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