US Foods (NYSE:USFD) Upgraded at StockNews.com

StockNews.com upgraded shares of US Foods (NYSE:USFD) from a buy rating to a strong-buy rating in a report issued on Tuesday morning.

USFD has been the subject of a number of other research reports. UBS Group raised their price target on shares of US Foods from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Truist Financial raised their price target 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. Piper Sandler raised their price target on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Guggenheim reaffirmed a “buy” rating and issued a $80.00 price target on shares of US Foods in a report on Monday. Finally, Morgan Stanley raised their price target on shares of US Foods from $81.00 to $84.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, US Foods has an average rating of “Buy” and an average target price of $73.00.

US Foods Trading Up 1.2%

NYSE:USFD opened at $75.79 on Tuesday. US Foods has a 52 week low of $50.05 and a 52 week high of $75.86. The firm has a 50 day moving average of $65.54 and a 200 day moving average of $67.49. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $17.47 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 1.03 and a beta of 1.35.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.35 billion for the quarter, compared to analysts’ expectations of $9.42 billion. During the same period in the previous year, the company earned $0.54 EPS. The company’s revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that US Foods will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the purchase, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On US Foods

A number of large investors have recently made changes to their positions in USFD. Colonial Trust Co SC purchased a new position in shares of US Foods in the 4th quarter valued at about $25,000. GeoWealth Management LLC increased its stake in shares of US Foods by 94.5% during the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of US Foods during the 1st quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its position in shares of US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after purchasing an additional 178 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in US Foods in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors 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.