Citigroup Upgrades US Foods (NYSE:USFD) to "Strong-Buy"

Citigroup upgraded shares of US Foods (NYSE:USFD - Free Report) from a buy rating to a strong-buy rating in a research note released on Thursday, May 22nd, Marketbeat Ratings reports.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. Piper Sandler boosted their price objective on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Guggenheim reissued a "buy" rating and issued a $80.00 price objective on shares of US Foods in a research note on Monday, May 12th. Finally, Truist Financial boosted their price objective on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $75.92.

US Foods Stock Performance

Shares of NYSE USFD traded up $0.84 during mid-day trading on Thursday, hitting $78.44. The company had a trading volume of 730,553 shares, compared to its average volume of 2,027,179. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 1.03 and a beta of 1.35. US Foods has a 12 month low of $50.05 and a 12 month high of $78.48. 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 firm's 50 day simple moving average is $67.70 and its two-hundred day simple moving average is $68.31.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). The company had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. As a group, equities research analysts forecast that US Foods will post 3.59 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the transaction, the executive vice president now owns 115,077 shares in the company, valued at approximately $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Colonial Trust Co SC bought a new stake in US Foods during the 4th quarter valued at approximately $25,000. GeoWealth Management LLC boosted its stake in US Foods by 94.5% during the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after purchasing an additional 189 shares during the period. Legacy Investment Solutions LLC bought a new stake in US Foods during the 4th quarter valued at approximately $32,000. EverSource Wealth Advisors LLC boosted its stake in US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after purchasing an additional 178 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in US Foods during the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 98.76% of the company's stock.

US Foods Company Profile

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.