US Foods (NYSE:USFD) Raised 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.

Several other research firms also recently commented on USFD. Piper Sandler increased their price objective on US Foods from $59.00 to $61.00 and gave the company an overweight rating in a report on Friday, June 7th. JPMorgan Chase & Co. increased their target price on shares of US Foods from $60.00 to $68.00 and gave the stock a neutral rating in a research report on Monday, September 16th. Wells Fargo & Company lifted their price target on shares of US Foods from $66.00 to $75.00 and gave the company an overweight rating in a research report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft increased their price target on US Foods from $72.00 to $75.00 and gave the stock a buy rating in a research report on Friday, August 9th. Finally, Truist Financial lifted their price objective on US Foods from $65.00 to $66.00 and gave the company a buy rating in a report on Thursday, June 6th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Buy and an average price target of $66.40.

US Foods Stock Performance

Shares of NYSE:USFD opened at $61.79 on Friday. The firm’s 50 day simple moving average is $56.43 and its 200 day simple moving average is $54.05. The company has a market capitalization of $15.19 billion, a price-to-earnings ratio of 30.44, 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.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, meeting 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 analyst estimates of $9.62 billion. During the same quarter in the previous year, the firm posted $0.73 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. As a group, sell-side analysts forecast that US Foods will post 2.9 earnings per share for the current year.

Insider Buying and Selling at US Foods

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the company’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 value 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. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On US Foods

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of US Foods by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock worth $1,242,336,000 after purchasing an additional 796,434 shares in the last quarter. Boston Partners lifted its stake in shares of US Foods by 3.5% in the first quarter. Boston Partners now owns 16,527,901 shares of the company’s stock valued at $891,073,000 after buying an additional 566,277 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of US Foods by 5.1% during the second quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company’s stock valued at $550,111,000 after buying an additional 500,129 shares during the last quarter. Massachusetts Financial Services Co. MA increased 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 worth $347,069,000 after acquiring an additional 2,064,321 shares in the last quarter. Finally, Dorsal Capital Management LP raised its holdings in shares of US Foods by 2.0% in the 4th quarter. Dorsal Capital Management LP now owns 5,000,000 shares of the company’s stock worth $227,050,000 after acquiring an additional 100,000 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.