Zacks Investment Research upgraded shares of US Foods Holding Corp (NASDAQ:USFD) from a sell rating to a hold rating in a report issued 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. “

Other research analysts also recently issued reports about the stock. Guggenheim restated a buy rating on shares of US Foods Holding Corp in a research report on Tuesday, June 27th. Credit Suisse Group restated an outperform rating and issued a $35.00 target price (up from $32.00) on shares of US Foods Holding Corp in a report on Wednesday, May 17th. Loop Capital started coverage on shares of US Foods Holding Corp in a report on Monday, May 15th. They issued a hold rating and a $31.00 price target on the stock. Royal Bank Of Canada restated an outperform rating and set a $32.00 price target on shares of US Foods Holding Corp in a research report on Wednesday, May 10th. Finally, Pivotal Research upped their price target on shares of US Foods Holding Corp from $25.00 to $29.00 and gave the company a hold rating in a report on Wednesday, May 10th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $30.78.

Shares of US Foods Holding Corp (USFD) traded up 0.125% during midday trading on Wednesday, hitting $28.035. The stock had a trading volume of 2,084,011 shares. US Foods Holding Corp has a 1-year low of $22.19 and a 1-year high of $30.73. The stock has a market cap of $6.23 billion and a price-to-earnings ratio of 27.298. The firm’s 50-day moving average price is $28.24 and its 200-day moving average price is $27.74.

US Foods Holding Corp (NASDAQ:USFD) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.02. The firm had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.78 billion. US Foods Holding Corp had a net margin of 0.46% and a return on equity of 4.21%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts forecast that US Foods Holding Corp will post $1.34 earnings per share for the current year.

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In related news, insider Pietro Satriano sold 89,932 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $28.25, for a total transaction of $2,540,579.00. Following the completion of the sale, the insider now directly owns 164,366 shares in the company, valued at approximately $4,643,339.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 22,655,559 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $28.25, for a total value of $640,019,541.75. The disclosure for this sale can be found here. Insiders sold 23,344,441 shares of company stock valued at $659,480,458 over the last three months.

A number of large investors have recently added to or reduced their stakes in USFD. FMR LLC raised its position in US Foods Holding Corp by 120.1% in the first quarter. FMR LLC now owns 16,128,349 shares of the company’s stock worth $451,271,000 after buying an additional 8,801,856 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of US Foods Holding Corp by 72.2% in the first quarter. Vanguard Group Inc. now owns 7,553,056 shares of the company’s stock valued at $211,335,000 after buying an additional 3,167,548 shares during the period. Neuberger Berman Group LLC raised its stake in shares of US Foods Holding Corp by 10.3% in the first quarter. Neuberger Berman Group LLC now owns 4,375,413 shares of the company’s stock valued at $122,424,000 after buying an additional 407,159 shares during the period. BlackRock Inc. raised its stake in shares of US Foods Holding Corp by 2,703.9% in the first quarter. BlackRock Inc. now owns 3,153,795 shares of the company’s stock valued at $88,245,000 after buying an additional 3,041,315 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of US Foods Holding Corp by 1,232.3% in the first quarter. Bank of New York Mellon Corp now owns 2,349,118 shares of the company’s stock valued at $65,729,000 after buying an additional 2,172,804 shares during the period.

About US Foods Holding Corp

US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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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