US Foods (NYSE:USFD) Downgraded to Buy at StockNews.com

US Foods (NYSE:USFD) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

USFD has been the topic of several other reports. Piper Sandler lifted their target price on US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, June 7th. Wells Fargo & Company upped their target price on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft raised their price target 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. Jefferies Financial Group upped their price objective on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.82.

US Foods Trading Up 0.1 %

US Foods stock traded up $0.07 during trading hours on Tuesday, hitting $61.57. The stock had a trading volume of 1,441,915 shares, compared to its average volume of 1,841,194. The stock has a market cap of $15.14 billion, a price-to-earnings ratio of 30.33, a P/E/G ratio of 0.99 and a beta of 1.66. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. The business’s 50 day simple moving average is $57.14 and its 200-day simple moving average is $54.28. US Foods has a one year low of $35.66 and a one year high of $62.94.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting the consensus estimate 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 net margin of 1.42% and a return on equity of 13.43%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. On average, equities analysts predict that US Foods will post 2.9 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Dirk J. Locascio sold 10,000 shares of the 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 transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new stake in US Foods in the 2nd quarter valued at $25,000. Redmont Wealth Advisors LLC purchased a new position in US Foods during the first quarter worth about $27,000. International Assets Investment Management LLC bought a new stake in US Foods in the 2nd quarter worth about $30,000. Rise Advisors LLC purchased a new stake in US Foods in the 1st quarter valued at about $30,000. Finally, Headlands Technologies LLC bought a new position in shares of US Foods during the 1st quarter worth approximately $50,000. 98.76% of the stock is owned by institutional investors.

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.