StockNews.com Downgrades US Foods (NYSE:USFD) to Buy

US Foods (NYSE:USFD - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

A number of other analysts have also recently commented on USFD. Piper Sandler upped their price objective on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Jefferies Financial Group increased their price objective on shares of US Foods from $79.00 to $82.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. 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. Morgan Stanley upped their target price on shares of US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Finally, UBS Group lifted their price target on shares of US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, US Foods presently has an average rating of "Buy" and an average target price of $71.09.

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US Foods Stock Performance

Shares of US Foods stock traded down $0.35 during trading on Friday, hitting $65.22. 1,883,263 shares of the company's stock traded hands, compared to its average volume of 1,891,878. US Foods has a 1 year low of $49.65 and a 1 year high of $73.19. The business has a 50-day simple moving average of $68.83 and a 200-day simple moving average of $66.28. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The stock has a market capitalization of $15.03 billion, a P/E ratio of 32.29, a PEG ratio of 1.03 and a beta of 1.65.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). The company had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. As a group, analysts forecast that US Foods will post 3.59 EPS for the current year.

Insider Transactions at US Foods

In related news, Director David W. Bullock bought 4,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, the director now owns 4,500 shares of the company's stock, valued at approximately $319,770. The trade was a 800.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.70% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Retirement Systems of Alabama grew its holdings in shares of US Foods by 5.4% in the third quarter. Retirement Systems of Alabama now owns 348,979 shares of the company's stock valued at $21,462,000 after purchasing an additional 17,897 shares in the last quarter. State Street Corp lifted its position in US Foods by 4.7% during the third quarter. State Street Corp now owns 7,045,514 shares of the company's stock valued at $433,299,000 after purchasing an additional 316,061 shares during the last quarter. Longbow Finance SA purchased a new stake in shares of US Foods during the 4th quarter valued at about $9,001,000. Dynamic Technology Lab Private Ltd bought a new position in shares of US Foods in the 3rd quarter valued at about $1,141,000. Finally, Verition Fund Management LLC grew its position in US Foods by 14.6% in the third quarter. Verition Fund Management LLC now owns 885,606 shares of the company's stock worth $54,465,000 after acquiring an additional 112,701 shares in the last quarter. 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.