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

US Foods (NYSE:USFD) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

A number of other analysts also recently weighed in on the stock. Morgan Stanley upped their target price on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Truist Financial raised their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group lifted their price target on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. UBS Group lifted their price objective on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Melius initiated coverage on shares of US Foods in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.00 price objective for the company. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, US Foods presently has a consensus rating of “Buy” and an average target price of $70.33.

US Foods Stock Performance

USFD stock traded down $1.61 during mid-day trading on Thursday, hitting $63.61. The company had a trading volume of 3,018,110 shares, compared to its average volume of 1,858,754. The firm has a market cap of $14.65 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The stock’s fifty day moving average price is $69.18 and its two-hundred day moving average price is $65.88. US Foods has a 12 month low of $49.65 and a 12 month high of $73.19.

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

Insiders Place Their Bets

In related news, Director David W. Bullock acquired 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the transaction, the director now directly owns 4,500 shares of the company’s stock, valued at $319,770. The trade was a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by company insiders.

Institutional Trading of US Foods

Institutional investors and hedge funds have recently made changes to their positions in the stock. Colonial Trust Co SC purchased a new stake in shares of US Foods in the fourth quarter valued at $25,000. GeoWealth Management LLC increased its stake in US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in US Foods in the third quarter valued at $31,000. EverSource Wealth Advisors LLC increased its stake in US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after purchasing an additional 178 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in US Foods in the fourth quarter valued at $32,000. 98.76% of the stock is currently owned by hedge funds and other 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.