US Foods (NYSE:USFD) Upgraded to “Strong-Buy” at StockNews.com

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

Several other equities analysts have also recently commented on USFD. Wells Fargo & Company increased 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. Truist Financial lifted their target price on US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Piper Sandler boosted their price objective on US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft raised their target price on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $66.40.

US Foods Price Performance

USFD stock opened at $61.58 on Friday. The company has a market cap of $15.06 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 1.00 and a beta of 1.66. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. US Foods has a 12-month low of $35.66 and a 12-month high of $62.34. The firm has a 50 day moving average of $56.07 and a 200-day moving average of $53.92.

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

Insider Activity

In other news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction 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 sale, the chief financial officer now owns 88,563 shares in the company, valued at $5,132,225.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On US Foods

Institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC bought a new position in shares of US Foods during the second quarter worth $25,000. Redmont Wealth Advisors LLC acquired a new position in US Foods during the first quarter valued at approximately $27,000. Rise Advisors LLC acquired a new position in US Foods during the first quarter worth $30,000. International Assets Investment Management LLC bought a new stake in shares of US Foods in the 2nd quarter valued at about $30,000. Finally, Headlands Technologies LLC acquired a new position in US Foods during the first quarter worth approximately $50,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

About US Foods

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.