Rice Hall James & Associates LLC acquired a new position in US Foods (NASDAQ:USFD) during the second quarter, according to its most recent filing with the SEC. The firm acquired 67,549 shares of the company’s stock, valued at approximately $1,637,000.
Separately, Barometer Capital Management Inc. acquired a new position in US Foods during the second quarter worth approximately $628,000.
Shares of US Foods (NASDAQ:USFD) traded up 0.43% during midday trading on Friday, hitting $23.34. 788,935 shares of the company were exchanged. US Foods has a one year low of $22.51 and a one year high of $25.83. The firm’s market cap is $5.15 billion. The company’s 50 day moving average price is $23.87 and its 200 day moving average price is $24.26.
US Foods (NASDAQ:USFD) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.42. The firm earned $5.81 million during the quarter, compared to analyst estimates of $5.84 million. The company’s revenue was down .6% compared to the same quarter last year. Equities analysts expect that US Foods will post $1.30 EPS for the current year.
A number of research firms have commented on USFD. Bank of America Corp. assumed coverage on shares of US Foods in a report on Monday, June 20th. They issued a “buy” rating and a $29.00 price objective for the company. Wells Fargo & Co. assumed coverage on US Foods in a research note on Monday, June 20th. They issued an “outperform” rating and a $26.50 target price on the stock. JPMorgan Chase & Co. assumed coverage on US Foods in a research note on Monday, June 20th. They issued an “overweight” rating and a $27.50 target price on the stock. BMO Capital Markets assumed coverage on US Foods in a research note on Monday, June 20th. They issued a “market perform” rating and a $25.00 target price on the stock. Finally, Guggenheim assumed coverage on US Foods in a research note on Tuesday, June 21st. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $27.45.
About US Foods
US Foods Holding Corp. is a holding company. The Company, through its subsidiary, US Foods, Inc (USF), is involved in marketing and distributing fresh, frozen and dry food, and non-food products to foodservice customers across the United States. The Company serves various customers, which include 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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