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

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

A number of other research firms have also recently commented on USFD. Wells Fargo & Company boosted their price target on US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Piper Sandler raised their price target on shares of US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, June 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of 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. raised their target price on shares of US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Truist Financial upped their price target on shares of US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, US Foods currently has a consensus rating of “Buy” and a consensus target price of $66.40.

US Foods Price Performance

Shares of NYSE USFD opened at $61.66 on Friday. The stock has a market capitalization of $15.16 billion, a PE ratio of 30.37, a P/E/G ratio of 1.00 and a beta of 1.66. US Foods has a fifty-two week low of $35.66 and a fifty-two week high of $62.34. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. The business has a fifty day moving average price of $56.26 and a two-hundred day moving average price of $53.98.

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

Insider Transactions at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On US Foods

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of US Foods by 3.6% during the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after buying an additional 796,434 shares during the last quarter. Boston Partners grew its stake in shares of US Foods by 3.5% in the 1st quarter. Boston Partners now owns 16,527,901 shares of the company’s stock worth $891,073,000 after acquiring an additional 566,277 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of US Foods by 5.1% in the second quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company’s stock valued at $550,111,000 after purchasing an additional 500,129 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of US Foods by 46.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock valued at $347,069,000 after purchasing an additional 2,064,321 shares in the last quarter. Finally, Dorsal Capital Management LP boosted its holdings in US Foods by 2.0% during the fourth quarter. Dorsal Capital Management LP now owns 5,000,000 shares of the company’s stock worth $227,050,000 after purchasing an additional 100,000 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

About US Foods

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.