US Foods (USFD) Upgraded to Buy by Zacks Investment Research

US Foods (NYSE:USFD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The firm presently has a $38.00 price target on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.36% from the stock’s current price.

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 also recently commented on the company. Barclays downgraded US Foods from an “overweight” rating to an “equal weight” rating and set a $32.00 price objective for the company. in a report on Tuesday, January 16th. BidaskClub downgraded US Foods from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.44.

US Foods (NYSE USFD) traded up $0.15 during midday trading on Friday, hitting $33.82. The stock had a trading volume of 1,600,000 shares, compared to its average volume of 2,520,000. The firm has a market cap of $7,600.00 and a P/E ratio of 28.91. The company has a current ratio of 1.40, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. US Foods has a 12 month low of $25.43 and a 12 month high of $33.90.

US Foods (NYSE:USFD) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.32 by $0.10. US Foods had a return on equity of 12.64% and a net margin of 1.11%. equities analysts predict that US Foods will post 1.16 EPS for the current fiscal year.

In other US Foods news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $28.00, for a total transaction of $559,377,644.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.56% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Cerebellum GP LLC acquired a new stake in US Foods during the 4th quarter valued at $135,000. Brown Advisory Inc. bought a new position in shares of US Foods in the third quarter worth $214,000. CrestPoint Capital Management LLC bought a new position in shares of US Foods in the fourth quarter worth $224,000. Boothbay Fund Management LLC bought a new position in shares of US Foods in the third quarter worth $296,000. Finally, Atria Investments LLC bought a new position in shares of US Foods in the fourth quarter worth $307,000. 96.72% of the stock is owned by institutional investors and hedge funds.

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US Foods Company Profile

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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