Citigroup upgraded shares of US Foods (NYSE:USFD - Free Report) from a buy rating to a strong-buy rating in a report issued on Thursday, MarketBeat.com reports.
Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Truist Financial lifted their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Morgan Stanley boosted their target price on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Barclays raised their target price on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, Piper Sandler lifted their price target on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $75.92.
Get Our Latest Report on US Foods
US Foods Price Performance
Shares of NYSE USFD traded up $1.75 during mid-day trading on Thursday, reaching $77.58. The company had a trading volume of 2,165,847 shares, compared to its average volume of 2,030,650. The company has a 50-day moving average price of $67.43 and a two-hundred day moving average price of $68.25. The stock has a market cap of $17.95 billion, a PE ratio of 38.40, a P/E/G ratio of 1.03 and a beta of 1.35. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods has a 1-year low of $50.05 and a 1-year high of $78.18.
US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). The company had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.42 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. On average, equities analysts anticipate that US Foods will post 3.59 earnings per share for the current year.
Insider Activity at US Foods
In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the sale, the executive vice president now owns 115,077 shares in the company, valued at $8,630,775. This represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in USFD. Boston Partners increased its stake in US Foods by 29.1% during the 1st quarter. Boston Partners now owns 16,457,351 shares of the company's stock worth $1,076,225,000 after acquiring an additional 3,713,345 shares during the period. Wellington Management Group LLP increased its position in shares of US Foods by 3.7% in the first quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company's stock worth $774,806,000 after purchasing an additional 426,288 shares during the period. Invesco Ltd. increased its position in shares of US Foods by 21.8% in the first quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock worth $493,964,000 after purchasing an additional 1,350,034 shares during the period. JPMorgan Chase & Co. raised its stake in US Foods by 7.3% in the fourth quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock valued at $290,369,000 after purchasing an additional 292,404 shares in the last quarter. Finally, Norges Bank bought a new stake in US Foods during the fourth quarter worth about $211,300,000. Institutional investors own 98.76% of the company's stock.
About US Foods
(
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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.
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