Presentation of Insightful Upgrade
Fintel recently reported that on February 20, 2024, Piper Sandler upgraded their outlook for US Foods Holding (NYSE:USFD) from Neutral to Overweight.
Analyst Price Forecast Indicates Positive Movement
As of January 19, 2024, the average one-year price target for US Foods Holding is 52.89. The forecasts span from a low of 45.45 to a high of $63.00, reflecting an expected increase of 6.20% from its latest reported closing price of 49.80.
Projected Financial Performance and Fund Sentiment
The projected annual revenue for US Foods Holding is 38,626MM, indicating an increase of 8.51%. Additionally, there are 932 funds or institutions reporting positions in US Foods Holding, marking a 6.15% increase in the last quarter.
Ownership Data and Fund Activity
Boston Partners, Sachem Head Capital Management, Invesco, Victory Capital Management, and Clarkston Capital Partners have made adjustments to their portfolio allocations in US Foods Holding, with varying degrees of decrease and increase in ownership.
Insight into Company Background
US Foods is described as a leading foodservice distributor, partnering with approximately 300,000 restaurants and foodservice operators. It provides a broad and innovative food offering, along with a comprehensive suite of e-commerce, technology, and business solutions, with the company being headquartered in Rosemont, Ill.
The Role of Fintel and Conclusion
Fintel is recognized as a well-regarded investing research platform with comprehensive data coverage. They provide insights into fundamentals, analyst reports, ownership data, fund and options sentiment, insider trading, and more.
