US Foods (NYSE:USFD) Rating Increased to Strong-Buy at Citigroup

Citigroup upgraded shares of US Foods (NYSE:USFD) from a buy rating to a strong-buy rating in a research report released on Thursday morning, Marketbeat reports.

USFD has been the subject of a number of other reports. JPMorgan Chase & Co. upped their target price on US Foods from $70.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley increased their price objective on US Foods from $81.00 to $84.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Wall Street Zen raised US Foods from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Truist Financial increased their target price on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, UBS Group increased their target price on US Foods from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, US Foods currently has a consensus rating of “Buy” and a consensus target price of $75.92.

US Foods Trading Down 0.0%

USFD opened at $75.88 on Thursday. US Foods has a one year low of $50.05 and a one year high of $78.18. The company has a market cap of $17.55 billion, a P/E ratio of 37.56, a PEG ratio of 1.03 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The business’s 50-day simple moving average is $66.93 and its 200-day simple moving average is $68.09.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business had revenue of $9.35 billion during the quarter, compared to analysts’ expectations of $9.42 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. As a group, equities research analysts expect that US Foods will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 115,077 shares of the company’s stock, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On US Foods

Several hedge funds have recently bought and sold shares of USFD. Colonial Trust Co SC purchased a new position in US Foods during the fourth quarter worth $25,000. GeoWealth Management LLC boosted its holdings in shares of US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of US Foods during the first quarter worth $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after purchasing an additional 178 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of US Foods during the fourth quarter worth $32,000. 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.