US Foods (USFD) Raised to Buy at ValuEngine

ValuEngine upgraded shares of US Foods (NYSE:USFD) from a hold rating to a buy rating in a research report released on Tuesday morning.

USFD has been the subject of a number of other reports. Morgan Stanley reissued an equal weight rating and issued a $40.00 target price (up from $38.00) on shares of US Foods in a report on Friday, March 16th. Jefferies Financial Group assumed coverage on shares of US Foods in a report on Friday, June 8th. They issued a buy rating and a $45.00 target price for the company. TheStreet raised shares of US Foods from a c rating to a b- rating in a report on Friday, May 25th. Loop Capital set a $35.00 target price on shares of US Foods and gave the company a hold rating in a report on Friday, March 16th. Finally, Credit Suisse Group started coverage on shares of US Foods in a research note on Tuesday, April 17th. They set an outperform rating and a $40.00 price objective for the company. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $38.43.

US Foods opened at $37.82 on Tuesday, Marketbeat Ratings reports. US Foods has a fifty-two week low of $25.43 and a fifty-two week high of $38.74. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $8.21 billion, a P/E ratio of 41.56, a price-to-earnings-growth ratio of 0.77 and a beta of 0.50.

US Foods (NYSE:USFD) last posted its earnings results on Tuesday, May 8th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. US Foods had a net margin of 2.00% and a return on equity of 11.56%. The firm had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.98 billion. During the same period last year, the firm posted $0.18 earnings per share. US Foods’s revenue for the quarter was up .6% compared to the same quarter last year. analysts predict that US Foods will post 2.06 earnings per share for the current year.

In other US Foods news, insider David A. Rickard sold 8,588 shares of US Foods stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $37.47, for a total transaction of $321,792.36. Following the completion of the transaction, the insider now directly owns 32,130 shares of the company’s stock, valued at $1,203,911.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Pietro Satriano sold 159,574 shares of US Foods stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $34.04, for a total transaction of $5,431,898.96. Following the transaction, the chief executive officer now directly owns 191,593 shares of the company’s stock, valued at $6,521,825.72. The disclosure for this sale can be found here. Insiders have sold 210,847 shares of company stock valued at $7,340,720 over the last ninety days. 0.57% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Mackay Shields LLC bought a new stake in shares of US Foods during the first quarter worth $5,417,000. TLP Group LLC lifted its position in shares of US Foods by 1,423.9% during the first quarter. TLP Group LLC now owns 7,132 shares of the company’s stock worth $234,000 after purchasing an additional 6,664 shares during the last quarter. Goldentree Asset Management LP bought a new stake in shares of US Foods during the fourth quarter worth $7,783,000. BlackRock Inc. lifted its position in shares of US Foods by 10.4% during the fourth quarter. BlackRock Inc. now owns 7,400,328 shares of the company’s stock worth $236,291,000 after purchasing an additional 696,496 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of US Foods during the fourth quarter worth $9,579,000.

About US Foods

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. Its 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for US Foods (NYSE:USFD)

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