US Foods (NYSE:USFD – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.
A number of other equities research analysts have also issued reports on the company. Truist Financial upped their price target on US Foods from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, November 10th. JPMorgan Chase & Co. increased their price target on shares of US Foods from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, November 17th. Morgan Stanley boosted their target price on US Foods from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. Barclays lowered their price target on shares of US Foods from $51.00 to $44.00 and set an “overweight” rating for the company in a report on Monday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on US Foods in a research report on Thursday, October 19th. They set a “buy” rating and a $50.00 target price on the stock. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $49.70.
US Foods Stock Performance
USFD opened at $46.16 on Thursday. The firm has a 50 day moving average of $44.47 and a two-hundred day moving average of $41.88. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $11.35 billion, a PE ratio of 25.64, a P/E/G ratio of 0.70 and a beta of 1.55. US Foods has a 12-month low of $33.96 and a 12-month high of $47.10.
US Foods (NYSE:USFD – Get Free Report) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.65 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.65. US Foods had a return on equity of 13.55% and a net margin of 1.28%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.12 billion. On average, analysts anticipate that US Foods will post 2.49 EPS for the current year.
Insider Activity
In other US Foods news, Director Scott D. Ferguson sold 3,000,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $43.87, for a total transaction of $131,610,000.00. Following the sale, the director now directly owns 15,932,877 shares in the company, valued at $698,975,313.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.50% of the company’s stock.
Institutional Trading of US Foods
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USFD. Davis Investment Partners LLC boosted its holdings in shares of US Foods by 8.7% in the 4th quarter. Davis Investment Partners LLC now owns 22,610 shares of the company’s stock valued at $1,038,000 after purchasing an additional 1,815 shares during the last quarter. Community Trust & Investment Co. acquired a new position in US Foods in the fourth quarter valued at $5,665,000. Handelsinvest Investeringsforvaltning purchased a new stake in US Foods during the fourth quarter valued at about $1,269,000. Raymond James Trust N.A. increased its stake in US Foods by 2.6% during the fourth quarter. Raymond James Trust N.A. now owns 32,416 shares of the company’s stock worth $1,472,000 after acquiring an additional 811 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of US Foods by 102.1% in the 4th quarter. Nordea Investment Management AB now owns 109,958 shares of the company’s stock worth $4,991,000 after purchasing an additional 55,554 shares during the period. Hedge funds and other institutional investors own 98.69% of the company’s stock.
About US Foods
US Foods Holding Corp., through its subsidiary, 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.