US Foods (NYSE:USFD) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of US Foods (NYSE:USFD) from a strong-buy rating to a buy rating in a research report released on Saturday.

A number of other research firms also recently weighed in on USFD. Piper Sandler raised their price target on US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Melius Research upgraded US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. UBS Group raised their price target on US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Jefferies Financial Group raised their price target on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Truist Financial raised their price objective on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $71.09.

US Foods Stock Up 1.5 %

NYSE:USFD opened at $64.36 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The company has a market cap of $14.83 billion, a PE ratio of 31.86, a PEG ratio of 1.03 and a beta of 1.65. US Foods has a 52-week low of $49.65 and a 52-week high of $73.19. The stock has a 50-day simple moving average of $68.85 and a 200 day simple moving average of $66.18.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The company had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. On average, sell-side analysts expect that US Foods will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director David W. Bullock purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the acquisition, the director now owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by insiders.

Institutional Trading of US Foods

Several hedge funds have recently added to or reduced their stakes in USFD. Norges Bank acquired a new stake in US Foods during the 4th quarter worth approximately $211,300,000. Artisan Partners Limited Partnership acquired a new position in US Foods in the 4th quarter valued at $171,107,000. Public Sector Pension Investment Board raised its holdings in US Foods by 100.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock valued at $369,000 after acquiring an additional 2,500,000 shares in the last quarter. Wellington Management Group LLP raised its holdings in US Foods by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock valued at $744,548,000 after acquiring an additional 2,435,357 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in US Foods in the 4th quarter valued at $48,611,000. 98.76% of the stock is owned by institutional investors and hedge funds.

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.