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

US Foods (NYSE:USFD) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their price target on US Foods from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Wells Fargo & Company upped their price target on US Foods from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of US Foods from $72.00 to $75.00 and gave the company 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, Truist Financial raised their target price on shares of US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research 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. Based on data from MarketBeat.com, US Foods presently has an average rating of “Moderate Buy” and an average target price of $64.70.

US Foods Stock Up 1.0 %

NYSE USFD opened at $59.78 on Friday. The stock has a fifty day moving average of $54.91 and a 200-day moving average of $53.50. The stock has a market capitalization of $14.62 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 0.95 and a beta of 1.66. US Foods has a 52 week low of $35.66 and a 52 week high of $59.80. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29.

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, hitting the consensus estimate of $0.93. The company had revenue of $9.71 billion during the quarter, compared to analyst estimates of $9.62 billion. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 EPS. On average, equities research analysts forecast that US Foods will post 2.9 EPS for the current year.

Institutional Investors Weigh In On US Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in USFD. Sanctuary Advisors LLC acquired a new stake in US Foods in the second quarter valued at approximately $353,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of US Foods by 30.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,866 shares of the company’s stock valued at $99,000 after acquiring an additional 440 shares in the last quarter. Creative Planning grew its position in US Foods by 17.8% during the 2nd quarter. Creative Planning now owns 11,431 shares of the company’s stock worth $606,000 after acquiring an additional 1,727 shares during the last quarter. Nemes Rush Group LLC acquired a new position in US Foods in the 2nd quarter worth about $120,000. Finally, Algert Global LLC raised its holdings in US Foods by 953.4% in the 2nd quarter. Algert Global LLC now owns 97,862 shares of the company’s stock valued at $5,185,000 after buying an additional 88,572 shares during the last quarter. 98.76% of the stock is currently 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.