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

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

Other research analysts have also recently issued research reports about the stock. Truist Financial upped their price target on shares of 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. upped their price target on shares of US Foods from $58.00 to $60.00 and gave the company a neutral rating in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of US Foods from $72.00 to $75.00 and gave the stock a buy rating in a report on Friday, August 9th. Piper Sandler increased their target price on shares of US Foods from $59.00 to $61.00 and gave the stock an overweight rating in a report on Friday, June 7th. Finally, Wells Fargo & Company increased their target price on shares of US Foods from $63.00 to $66.00 and gave the stock an overweight rating in a report on Thursday, June 6th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $65.50.

US Foods Stock Up 2.1 %

Shares of NYSE USFD opened at $61.01 on Friday. The stock has a market cap of $14.92 billion, a P/E ratio of 30.05, a P/E/G ratio of 0.97 and a beta of 1.66. US Foods has a 52-week low of $35.66 and a 52-week high of $61.11. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29. The firm has a 50 day moving average price of $55.25 and a 200 day moving average price of $53.66.

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

Insiders Place Their Bets

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction 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 directly owns 88,563 shares of the company’s stock, valued at $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

Large investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC bought a new position in shares of US Foods in the first quarter valued at about $22,937,000. Janus Henderson Group PLC raised its position in shares of US Foods by 46.3% in the first quarter. Janus Henderson Group PLC now owns 162,338 shares of the company’s stock valued at $8,759,000 after purchasing an additional 51,402 shares during the period. Entropy Technologies LP bought a new position in shares of US Foods in the first quarter valued at about $232,000. Artemis Investment Management LLP bought a new position in shares of US Foods in the first quarter valued at about $20,997,000. Finally, Vanguard Group Inc. raised its position in shares of US Foods by 3.6% in the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after purchasing an additional 796,434 shares during the period. 98.76% of the stock is owned by institutional investors.

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.