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

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

Several other equities research analysts have also commented on USFD. Jefferies Financial Group raised their price target on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Melius assumed coverage on shares of US Foods in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price target on the stock. Piper Sandler raised their price target on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Truist Financial increased their price objective on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Barclays increased their price target on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $70.33.

US Foods Stock Performance

USFD traded down $1.61 on Thursday, hitting $63.61. 3,018,110 shares of the company’s stock were exchanged, compared to its average volume of 1,858,754. The stock has a fifty day moving average of $69.18 and a two-hundred day moving average of $65.88. US Foods has a twelve month low of $49.65 and a twelve month high of $73.19. The firm has a market cap of $14.65 billion, a PE ratio of 31.49, a P/E/G ratio of 1.03 and a beta of 1.65. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06.

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

Insider Activity

In other US Foods news, Director David W. Bullock bought 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On US Foods

A number of hedge funds have recently modified their holdings of USFD. Janney Montgomery Scott LLC increased its position in US Foods by 4.0% during the third quarter. Janney Montgomery Scott LLC now owns 17,940 shares of the company’s stock worth $1,103,000 after buying an additional 692 shares during the last quarter. Assetmark Inc. lifted its stake in US Foods by 66,100.0% during the third quarter. Assetmark Inc. now owns 662 shares of the company’s stock worth $41,000 after purchasing an additional 661 shares during the period. Atria Investments Inc raised its stake in shares of US Foods by 22.3% in the third quarter. Atria Investments Inc now owns 23,263 shares of the company’s stock valued at $1,431,000 after acquiring an additional 4,237 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of US Foods in the third quarter valued at approximately $31,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of US Foods by 72.0% in the third quarter. Venturi Wealth Management LLC now owns 657 shares of the company’s stock valued at $40,000 after purchasing an additional 275 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

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.