US Foods (NYSE:USFD) Lowered to “Buy” at StockNews.com

StockNews.com lowered shares of US Foods (NYSE:USFD) from a strong-buy rating to a buy rating in a report published on Tuesday.

Several other research firms have also weighed in on USFD. Deutsche Bank Aktiengesellschaft increased their price target on shares of US Foods from $72.00 to $75.00 and gave the company a buy rating in a research report on Friday, August 9th. Truist Financial raised their price target 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. Piper Sandler upped their price objective on US Foods from $59.00 to $61.00 and gave the company an overweight rating in a research note on Friday, June 7th. JPMorgan Chase & Co. raised their target price on US Foods from $60.00 to $68.00 and gave the stock a neutral rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company upped their price target on US Foods from $66.00 to $75.00 and gave the company an overweight rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $66.82.

US Foods Trading Down 0.9 %

NYSE:USFD opened at $60.94 on Tuesday. US Foods has a 52 week low of $35.66 and a 52 week high of $62.94. The firm has a 50-day moving average price of $57.53 and a two-hundred day moving average price of $54.39. The firm has a market cap of $14.98 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 0.99 and a beta of 1.66. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29.

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

Insider Transactions at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were 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 of the company’s stock, valued at approximately $5,132,225.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On US Foods

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in shares of US Foods by 23.5% during the first quarter. GAMMA Investing LLC now owns 1,088 shares of the company’s stock worth $59,000 after purchasing an additional 207 shares in the last quarter. Davis Investment Partners LLC grew its stake in US Foods by 1.0% in the 1st quarter. Davis Investment Partners LLC now owns 22,832 shares of the company’s stock worth $1,179,000 after buying an additional 222 shares in the last quarter. Mount Yale Investment Advisors LLC increased its holdings in shares of US Foods by 2.8% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 10,634 shares of the company’s stock worth $574,000 after buying an additional 286 shares during the last quarter. OLD National Bancorp IN raised its position in shares of US Foods by 5.0% during the 2nd quarter. OLD National Bancorp IN now owns 6,289 shares of the company’s stock valued at $333,000 after buying an additional 301 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of US Foods by 3.8% during the 1st quarter. US Bancorp DE now owns 9,355 shares of the company’s stock worth $505,000 after acquiring an additional 344 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

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.