US Foods (NYSE:USFD) Cut 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 issued to investors on Thursday.

Other analysts have also issued reports about the company. Morgan Stanley lifted their price target on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Piper Sandler increased their price objective on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Truist Financial boosted their target price on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Barclays lifted their price objective on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Melius Research raised shares of US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $70.33.

US Foods Trading Up 2.9 %

Shares of US Foods stock opened at $65.50 on Thursday. US Foods has a 1 year low of $49.65 and a 1 year high of $73.19. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The stock has a market cap of $15.09 billion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The firm has a fifty day moving average price of $69.13 and a 200 day moving average price of $65.98.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Equities research analysts predict that US Foods will post 3.59 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of US Foods

Hedge funds and other institutional investors have recently made changes to their positions in the company. Colonial Trust Co SC acquired a new position in US Foods in the 4th quarter valued at about $25,000. GeoWealth Management LLC raised its position in US Foods by 94.5% during the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock worth $26,000 after buying an additional 189 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of US Foods in the 4th quarter worth $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after acquiring an additional 178 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in shares of US Foods by 153.6% during the fourth quarter. True Wealth Design LLC now owns 492 shares of the company’s stock worth $33,000 after acquiring an additional 298 shares during the period. 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.