US Foods (NYSE:USFD) Upgraded at StockNews.com

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

A number of other equities research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on US Foods from $72.00 to $75.00 and gave the stock a buy rating in a report on Friday, August 9th. Wells Fargo & Company boosted their price target on US Foods from $66.00 to $75.00 and gave the company an overweight rating in a report on Wednesday, September 18th. Truist Financial boosted their price target on US Foods from $65.00 to $66.00 and gave the company a buy rating in a report on Thursday, June 6th. JPMorgan Chase & Co. boosted their price target on US Foods from $60.00 to $68.00 and gave the company a neutral rating in a report on Monday, September 16th. Finally, Piper Sandler boosted their price target on US Foods from $59.00 to $61.00 and gave the company an overweight rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, US Foods currently has a consensus rating of Buy and an average target price of $66.82.

US Foods Stock Performance

Shares of US Foods stock opened at $62.37 on Friday. The firm has a market cap of $15.25 billion, a P/E ratio of 30.72, 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 has a 12 month low of $35.66 and a 12 month high of $62.56. The stock’s fifty day moving average price is $56.61 and its 200-day moving average price is $54.10.

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

Insiders Place Their Bets

In other news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at $5,132,225.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On US Foods

A number of institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in shares of US Foods by 5.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,709 shares of the company’s stock worth $850,000 after acquiring an additional 1,038 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of US Foods by 7.5% in the fourth quarter. Corient Private Wealth LLC now owns 50,119 shares of the company’s stock worth $2,276,000 after acquiring an additional 3,479 shares in the last quarter. SageView Advisory Group LLC lifted its stake in shares of US Foods by 27.0% in the fourth quarter. SageView Advisory Group LLC now owns 6,399 shares of the company’s stock worth $299,000 after acquiring an additional 1,361 shares in the last quarter. United Services Automobile Association lifted its stake in shares of US Foods by 15.5% in the fourth quarter. United Services Automobile Association now owns 17,725 shares of the company’s stock worth $805,000 after acquiring an additional 2,379 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of US Foods by 164.6% in the fourth quarter. Allianz Asset Management GmbH now owns 60,772 shares of the company’s stock worth $2,760,000 after acquiring an additional 37,806 shares in the last quarter. Hedge funds and other 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.