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 research note released on Tuesday.

A number of other research analysts also recently commented on USFD. JPMorgan Chase & Co. boosted their price objective on shares of US Foods from $60.00 to $68.00 and gave the company a neutral rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft boosted their price target on US Foods from $72.00 to $75.00 and gave the company a buy rating in a research note on Friday, August 9th. Piper Sandler lifted their target price on shares of US Foods from $59.00 to $61.00 and gave the company an overweight rating in a research note on Friday, June 7th. Jefferies Financial Group increased their price target on shares of US Foods from $66.00 to $71.00 and gave the stock a buy rating in a research note on Wednesday, September 25th. Finally, Truist Financial lifted their price objective on shares of US Foods from $65.00 to $66.00 and gave the company a buy rating in a research note on Thursday, June 6th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $66.82.

US Foods Price Performance

USFD stock opened at $61.26 on Tuesday. US Foods has a one year low of $35.66 and a one year high of $62.94. The firm has a 50-day moving average of $57.90 and a two-hundred day moving average of $54.49. The firm has a market capitalization of $14.98 billion, a PE ratio of 30.18, a P/E/G ratio of 1.01 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 (NYSE:USFD) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $9.62 billion. US Foods had a return on equity of 13.43% and a net margin of 1.42%. US Foods’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. On average, analysts forecast that US Foods will post 2.9 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Dirk J. Locascio sold 10,000 shares of the company’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 directly owns 88,563 shares in the company, valued at $5,132,225.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by insiders.

Institutional Investors Weigh In On US Foods

Several hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in US Foods in the second quarter worth $25,000. Redmont Wealth Advisors LLC acquired a new position in shares of US Foods in the 1st quarter worth approximately $27,000. Rise Advisors LLC bought a new stake in US Foods in the first quarter valued at $30,000. International Assets Investment Management LLC acquired a new position in US Foods during the second quarter worth $30,000. Finally, Headlands Technologies LLC bought a new position in shares of US Foods during the first quarter valued at $50,000. Institutional investors own 98.76% of the company’s stock.

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.