Zacks Investment Research downgraded shares of US Foods (NASDAQ:USFD) from a strong-buy rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “US Foods Holding Corp. is a foodservice distributor. The company serves independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. US Foods Holding Corp. is headquartered in Rosemont, Ill. “

Several other equities research analysts have also weighed in on the stock. Citigroup Inc. reaffirmed a buy rating and issued a $27.00 target price (down previously from $30.00) on shares of US Foods in a report on Monday. Guggenheim assumed coverage on shares of US Foods in a report on Tuesday, June 21st. They issued a buy rating on the stock. Bank of America Corp. assumed coverage on shares of US Foods in a report on Monday, June 20th. They issued a buy rating and a $29.00 target price on the stock. Morgan Stanley assumed coverage on shares of US Foods in a report on Monday, June 20th. They issued an equal weight rating and a $28.00 target price on the stock. Finally, Credit Suisse Group AG assumed coverage on shares of US Foods in a report on Monday, June 20th. They issued an outperform rating and a $29.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $27.18.

Shares of US Foods (NASDAQ:USFD) traded down 0.5758% during trading on Wednesday, hitting $22.8775. 23,368 shares of the stock traded hands. The company’s market cap is $5.05 billion. The company has a 50 day moving average of $23.72 and a 200-day moving average of $24.23. US Foods has a 1-year low of $22.51 and a 1-year high of $25.83.

US Foods (NASDAQ:USFD) last posted its earnings results on Tuesday, August 9th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.42. The firm had revenue of $5.81 million for the quarter, compared to analyst estimates of $5.84 million. The business’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts anticipate that US Foods will post $1.30 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in US Foods during the second quarter worth about $14,314,000. First Trust Advisors LP acquired a new stake in US Foods during the second quarter worth about $2,714,000. Nationwide Fund Advisors acquired a new stake in US Foods during the second quarter worth about $4,274,000. Global Thematic Partners LLC acquired a new stake in US Foods during the second quarter worth about $32,466,000. Finally, California Public Employees Retirement System acquired a new stake in US Foods during the second quarter worth about $3,660,000.

About US Foods

US Foods Holding Corp. is a holding company. The Company, through its subsidiary, US Foods, Inc (USF), is involved in marketing and distributing fresh, frozen and dry food, and non-food products to foodservice customers across the United States. The Company serves various customers, which include national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.

5 Day Chart for NASDAQ:USFD

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