US Foods (NYSE:USFD) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of US Foods (NYSE:USFD) from a buy rating to a hold rating in a report released on Saturday morning.

A number of other equities research analysts have also recently commented on the stock. Sanford C. Bernstein reissued an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Guggenheim increased their price target on shares of US Foods from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Morgan Stanley set a $92.00 price objective on US Foods in a research report on Tuesday, January 20th. Barclays lowered their target price on US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of US Foods in a research report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, US Foods currently has a consensus rating of “Moderate Buy” and an average price target of $90.00.

US Foods Trading Up 2.9%

Shares of USFD opened at $90.42 on Friday. The firm’s 50-day moving average is $79.28 and its two-hundred day moving average is $77.78. US Foods has a twelve month low of $57.36 and a twelve month high of $90.73. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $20.16 billion, a P/E ratio of 37.68, a PEG ratio of 1.14 and a beta of 1.02.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. US Foods had a return on equity of 17.71% and a net margin of 1.43%.The business had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. On average, research analysts predict that US Foods will post 3.59 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Steven Guberman sold 58,632 shares of US Foods stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $72.00, for a total value of $4,221,504.00. Following the completion of the sale, the insider owned 113,410 shares of the company’s stock, valued at $8,165,520. The trade was a 34.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Institutional Trading of US Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust lifted its holdings in shares of US Foods by 303.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 327 shares of the company’s stock worth $25,000 after acquiring an additional 246 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in US Foods during the third quarter worth approximately $26,000. Steph & Co. purchased a new position in US Foods during the fourth quarter worth approximately $34,000. Geneos Wealth Management Inc. boosted its holdings in shares of US Foods by 120.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock valued at $37,000 after purchasing an additional 263 shares during the last quarter. Finally, First Horizon Corp acquired a new position in shares of US Foods in the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Company Profile

US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.