US Foods (USFD) Cut to Equal Weight at Barclays

Barclays lowered shares of US Foods (NYSE:USFD) from an overweight rating to an equal weight rating in a research note issued to investors on Tuesday morning, Marketbeat reports. Barclays currently has $32.00 price objective on the stock.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of US Foods from a hold rating to a buy rating and set a $30.00 target price on the stock in a research report on Friday, November 10th. BidaskClub downgraded shares of US Foods from a buy rating to a hold rating in a research report on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $31.56.

US Foods (NYSE:USFD) opened at $33.15 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. The company has a market cap of $7,450.00 and a PE ratio of 28.33. US Foods has a 12-month low of $25.43 and a 12-month high of $33.15.

US Foods (NYSE:USFD) last posted its earnings results on Tuesday, November 7th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. US Foods had a net margin of 1.11% and a return on equity of 12.64%. equities research analysts expect that US Foods will post 1.15 earnings per share for the current fiscal year.

In other news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of US Foods stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $28.00, for a total value of $559,377,644.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.56% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in USFD. Brown Advisory Inc. acquired a new stake in US Foods in the 3rd quarter worth approximately $214,000. CrestPoint Capital Management LLC acquired a new stake in US Foods in the 4th quarter worth approximately $224,000. Boothbay Fund Management LLC acquired a new stake in US Foods in the 3rd quarter worth approximately $296,000. Atria Investments LLC acquired a new stake in US Foods in the 4th quarter worth approximately $307,000. Finally, Strategic Global Advisors LLC boosted its stake in US Foods by 49.7% in the 3rd quarter. Strategic Global Advisors LLC now owns 12,098 shares of the company’s stock worth $323,000 after purchasing an additional 4,016 shares in the last quarter. Institutional investors own 96.89% of the company’s stock.

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About US Foods

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.

Analyst Recommendations for US Foods (NYSE:USFD)

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