US Foods (NYSE:USFD) was downgraded to buy at StockNews.com

US Foods (NYSE:USFD – Get Free Report) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

USFD has been the subject of several other reports. Piper Sandler lifted their price target on US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, June 7th. Wells Fargo & Company upped their target price on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Jefferies Financial Group boosted their price objective on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.82, according to MarketBeat.

Read our latest US food research report

US grocery trade up 0.1%

US Foods stock traded up $0.07 during trading hours on Tuesday, reaching $61.57. The stock had a trading volume of 1,441,915 shares, compared to its average volume of 1,841,194. The stock has a market cap of $15.14 billion, a price-to-earnings ratio of 30.33, a P/E/G ratio of 0.99 and a beta of 1.66. The company has a quick ratio of 0.81, a current ratio of 1.29, and a debt-to-equity ratio of 0.92. The company’s 50-day simple moving average is $57.14, and its 200-day simple moving average is $54.28. US Foods has a one year low of $35.66 and a one year high of $62.94.

US Foods (NYSE:USFD – Get Your Free Report ) last posted its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. The company had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. On average, equities analysts predict that US Foods will post 2.9 EPS for the current fiscal year.

Insiders place their bets

In related news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following 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 on the SEC’s website. Corporate insiders own 0.70% of the company’s shares.

Institutional inputs and outputs

Major investors have recently made changes to their business positions. Acadian Asset Management LLC purchased a new stake in US Foods in the second quarter valued at $25,000. Redmont Wealth Advisors LLC acquired a new position in US Foods in the 1st quarter worth about $27,000. International Assets Investment Management LLC bought a new stake in US Foods in the second quarter valued at about $30,000. Rise Advisors LLC purchased a new stake in US Foods in the 1st quarter valued at approximately $30,000. Finally, Headlands Technologies LLC bought a new position in shares of US Foods in the first quarter worth about $50,000. 98.76% of shares are held by institutional investors.

About US Foods

(Get a free report)

US Foods Holding Corp., together with its subsidiaries, engages in the marketing, sale and distribution of fresh, frozen and dried food and non-food products to food service customers in the United States. The company’s customers include 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.

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