US Foods (NYSE:USFD) Stock Rating Upgraded by TheStreet – MarketBeat

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US Foods (NYSE:USFDGet Rating) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued to clients and investors on Tuesday, TheStreetRatingsTable reports.
USFD has been the topic of a number of other research reports. Piper Sandler boosted their price objective on shares of US Foods to $38.00 in a research report on Wednesday, November 16th. Truist Financial boosted their price objective on shares of US Foods to $43.00 in a research report on Wednesday, November 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of US Foods from $44.00 to $41.00 in a research report on Friday, November 11th. Guggenheim decreased their price objective on shares of US Foods from $48.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, August 15th. Finally, Barclays decreased their price objective on shares of US Foods from $36.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 20th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

US Foods Price Performance

Shares of NYSE:USFD opened at $35.23 on Tuesday. The stock has a market cap of $7.92 billion, a PE ratio of 39.58, a PEG ratio of 0.87 and a beta of 1.43. The company’s fifty day moving average is $30.92 and its 200 day moving average is $30.99. US Foods has a 52 week low of $25.49 and a 52 week high of $39.73. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 1.23.

Insider Buying and Selling at US Foods

In other US Foods news, CFO Dirk J. Locascio sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $33.00, for a total transaction of $660,000.00. Following the transaction, the chief financial officer now owns 128,624 shares of the company’s stock, valued at approximately $4,244,592. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On US Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its stake in US Foods by 23.8% during the first quarter. Envestnet Asset Management Inc. now owns 106,452 shares of the company’s stock worth $4,006,000 after purchasing an additional 20,443 shares during the period. Teacher Retirement System of Texas increased its position in US Foods by 5.5% during the first quarter. Teacher Retirement System of Texas now owns 43,467 shares of the company’s stock worth $1,636,000 after buying an additional 2,277 shares in the last quarter. Swiss National Bank grew its position in shares of US Foods by 7.7% in the first quarter. Swiss National Bank now owns 500,455 shares of the company’s stock valued at $18,832,000 after purchasing an additional 35,800 shares during the period. Principal Financial Group Inc. grew its position in shares of US Foods by 44.0% in the first quarter. Principal Financial Group Inc. now owns 21,493 shares of the company’s stock valued at $809,000 after purchasing an additional 6,570 shares during the period. Finally, OLD National Bancorp IN lifted its stake in shares of US Foods by 3.6% during the first quarter. OLD National Bancorp IN now owns 15,145 shares of the company’s stock worth $570,000 after purchasing an additional 528 shares in the last quarter. Institutional investors and hedge funds own 97.42% of the company’s stock.

About US Foods

(Get Rating)
US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes 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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Analyst Recommendations for US Foods (NYSE:USFD)
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