US Foods (NYSE:USFD) Downgraded by StockNews.com to “Buy”

US Foods (NYSE:USFD) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

USFD has been the subject of several other reports. Jefferies Financial Group boosted their price target on US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft increased their target price on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their price target on shares of US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Truist Financial increased their price objective on shares of US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Finally, Wells Fargo & Company lifted their target price on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, US Foods has an average rating of “Moderate Buy” and a consensus target price of $66.82.

US Foods Trading Up 0.1 %

NYSE:USFD traded up $0.07 during trading hours on Tuesday, reaching $61.57. 1,441,915 shares of the company were exchanged, compared to its average volume of 1,841,194. The firm has a market cap of $15.14 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 0.99 and a beta of 1.66. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. The stock has a 50 day simple moving average of $57.14 and a 200 day simple moving average of $54.28. US Foods has a 52-week low of $35.66 and a 52-week high of $62.94.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. The company had revenue of $9.71 billion for the quarter, compared to analysts’ expectations of $9.62 billion. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 earnings per share. As a group, analysts predict that US Foods will post 2.9 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the transaction, the chief financial officer now owns 88,563 shares in the company, valued at approximately $5,132,225.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On US Foods

Several hedge funds have recently bought and sold shares of USFD. Vanguard Group Inc. boosted its holdings in US Foods by 3.6% during the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock worth $1,242,336,000 after purchasing an additional 796,434 shares during the last quarter. Boston Partners increased its position in shares of US Foods by 3.5% during the 1st quarter. Boston Partners now owns 16,527,901 shares of the company’s stock worth $891,073,000 after purchasing an additional 566,277 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of US Foods by 5.1% during the 2nd quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company’s stock worth $550,111,000 after purchasing an additional 500,129 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of US Foods by 46.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock valued at $347,069,000 after buying an additional 2,064,321 shares during the last quarter. Finally, Dorsal Capital Management LP raised its position in US Foods by 2.0% during the fourth quarter. Dorsal Capital Management LP now owns 5,000,000 shares of the company’s stock worth $227,050,000 after acquiring an additional 100,000 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

US Foods Company Profile

US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's 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.