|Over a month ago|
US Foods CEO says gained market share over past 12 months » 06:4805/1005/10/21
"During the first…
"During the first quarter, we saw a meaningful recovery in case volume with our restaurant and hospitality customers. This momentum has continued into the early part of the second quarter as restrictions on in-person dining continue to be lifted in markets across the country," said Chairman and CEO Pietro Satriano. "Over the last 12 months, our scale and differentiated strategy have allowed us to gain market share with both large and small customers as operators continue to utilize our technology, innovative products and consultative services to help them manage their business."
US Foods reports Q1 total case volume down 0.9% » 06:4605/1005/10/21
For Q1: Total case volume…
For Q1: Total case volume decreased 0.9%; independent restaurant case volume increased 8.1%. Total organic case volume decreased 6.4%; organic independent restaurant case volume increased 0.2%.
US Foods not providing fiscal 2021 financial guidance » 06:4605/1005/10/21
Due to the continued…
Due to the continued uncertainty associated with COVID-19 and the timing of a recovery, the company is not providing financial guidance for fiscal 2021.
US Foods reports Q1 adjusted EPS 12c, consensus 5c » 06:4505/1005/10/21
Reports Q1 revenue $6.3B,…
Reports Q1 revenue $6.3B, consensus $5.95B.
US Foods files to sell 24.76M shares of common stock for holders 17:0705/0505/05/21
US Foods price target raised to $44 from $38 at JPMorgan » 07:1704/1204/12/21
JPMorgan analyst John…
JPMorgan analyst John Ivankoe raised the firm's price target on US Foods to $44 from $38 and keeps a Neutral rating on the shares. The analyst rolled his restaurants and foodservice distribution valuation focus to 2023 as he argues for "effective supply growth to largely catch up" with demand growth and for excess earnings to normalize beyond the next 12-18 months. He sees the share rally continuing "for a little while longer."
Fly Intel: Top five analyst initiations » 09:5404/0904/09/21
USFD, DIN, DENN, ZVO, NEBC
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. US Foods (USFD) initiated with an Overweight at Piper Sandler. 2. Dine Brands (DIN) initiated with an Overweight at KeyBanc. 3. Denny's (DENN) initiated with a Sector Weight at KeyBanc. 4. Zovio (ZVO) initiated with an Outperform at Northland. 5. Nebula Caravel Acquisition (NEBC) initiated with a Buy at Tigress Financial. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
US Foods initiated with an Overweight at Piper Sandler » 06:0604/0904/09/21
Piper Sandler analyst…
Piper Sandler analyst Nicole Miller Regan initiated coverage of US Foods with an Overweight rating and $45 price target. The analyst sees catalysts for the shares from the company's acquisition-based market share and debt repayment. She recommend shares based on her "Road to Reopening" theme.
US Foods price target raised to $45 from $39 at BTIG » 07:5503/3103/31/21
BTIG analyst Peter Saleh…
BTIG analyst Peter Saleh raised the firm's price target on US Foods to $45 from $39 and keeps a Buy rating on the shares as part of his broader research note on food distributors. The analyst contends that industry conditions continue to improve and the timeframe on "return to normalcy" has been "solidified". The easing of indoor dining capacity limits to 50% in several markets is a "key hurdle" for restaurants reopening for the first time, allowing operators to achieve or approach pre-pandemic sales volumes, the analyst tells investors in a research note, adding that the "wide-scale disruption" that many had anticipated at the start of the pandemic has not materialized.
|Over a quarter ago|
US Foods price target raised to $38 from $37 at JPMorgan » 07:4503/1503/15/21
JPMorgan analyst John…
JPMorgan analyst John Ivankoe raised the firm's price target on US Foods to $38 from $37 and keeps a Neutral rating on the shares after hosting restaurant management teams for meetings. From brands serving the lower end and up to luxury, there seems to be "unbridled enthusiasm" for a second half of 2021 recovery that should last into the first half of 2022, Ivankoe tells investors in a research note.