US Foods’ Lock-Up Period Set To Expire on November 22nd (NASDAQ:USFD)
US Foods’ (NASDAQ:USFD) lock-up period will expire on Tuesday, November 22nd. US Foods had issued 44,444,444 shares in its public offering on May 26th. The total size of the offering was $1,022,222,212 based on an initial share price of $23.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut US Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 12th. Citigroup Inc. reissued a “buy” rating and issued a $27.00 price target (down previously from $30.00) on shares of US Foods in a research note on Monday, October 10th. Finally, BMO Capital Markets reissued a “hold” rating on shares of US Foods in a research note on Wednesday, November 9th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $27.18.
US Foods (NASDAQ:USFD) opened at 24.00 on Thursday. The company has a market cap of $5.29 billion and a price-to-earnings ratio of 37.38. US Foods has a one year low of $22.19 and a one year high of $25.83. The firm has a 50-day moving average price of $23.11 and a 200 day moving average price of $23.98.
US Foods (NASDAQ:USFD) last released its earnings results on Tuesday, November 8th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The company earned $5.80 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period last year, the firm posted $0.32 EPS. The company’s revenue was up .8% on a year-over-year basis. Equities analysts expect that US Foods will post $1.48 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barometer Capital Management Inc. acquired a new position in shares of US Foods during the second quarter worth about $628,000. American Century Companies Inc. acquired a new position in shares of US Foods during the second quarter worth about $4,634,000. Rice Hall James & Associates LLC acquired a new position in shares of US Foods during the second quarter worth about $1,637,000. Quantitative Systematic Strategies LLC acquired a new position in shares of US Foods during the second quarter worth about $233,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of US Foods during the second quarter worth about $1,692,000.
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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