US Foods (NYSE:USFD) Lifted to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of US Foods (NYSE:USFD) from a buy rating to a strong-buy rating in a research report released on Sunday.

A number of other brokerages have also weighed in on USFD. Truist Financial boosted their target price on US Foods from $65.00 to $66.00 and gave the stock a buy rating in a research report on Thursday, June 6th. Deutsche Bank Aktiengesellschaft boosted their target price on US Foods from $72.00 to $75.00 and gave the stock a buy rating in a research report on Friday, August 9th. JPMorgan Chase & Co. boosted their target price on US Foods from $60.00 to $68.00 and gave the stock a neutral rating in a research report on Monday, September 16th. Piper Sandler boosted their price target on US Foods from $59.00 to $61.00 and gave the company an overweight rating in a research note on Friday, June 7th. Finally, Wells Fargo & Company boosted their price target on US Foods from $66.00 to $75.00 and gave the company an overweight rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Buy and an average price target of $66.40.

US Foods Stock Down 0.6 %

US Foods stock opened at $61.58 on Friday. The firm has a market cap of $15.14 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 1.00 and a beta of 1.66. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. US Foods has a 12 month low of $35.66 and a 12 month high of $62.34. The stock has a fifty day simple moving average of $56.07 and a two-hundred day simple moving average of $53.93.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The business had revenue of $9.71 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. US Foods’s revenue was up 7.7% on a year-over-year basis. Equities analysts predict that US Foods will post 2.9 EPS for the current fiscal year.

Insider Activity at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of 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 filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in shares of US Foods by 23.5% during the first quarter. GAMMA Investing LLC now owns 1,088 shares of the company’s stock worth $59,000 after purchasing an additional 207 shares in the last quarter. Davis Investment Partners LLC raised its position in shares of US Foods by 1.0% during the first quarter. Davis Investment Partners LLC now owns 22,832 shares of the company’s stock valued at $1,179,000 after buying an additional 222 shares during the last quarter. Mount Yale Investment Advisors LLC raised its position in shares of US Foods by 2.8% during the first quarter. Mount Yale Investment Advisors LLC now owns 10,634 shares of the company’s stock valued at $574,000 after buying an additional 286 shares during the last quarter. OLD National Bancorp IN lifted its holdings in shares of US Foods by 5.0% in the second quarter. OLD National Bancorp IN now owns 6,289 shares of the company’s stock worth $333,000 after buying an additional 301 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of US Foods by 3.8% during the first quarter. US Bancorp DE now owns 9,355 shares of the company’s stock worth $505,000 after acquiring an additional 344 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.