US Foods (USFD) Cut to Sell at Zacks Investment Research

US Foods (NYSE:USFD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Saturday.

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. “

USFD has been the topic of several other reports. TheStreet cut US Foods from a “b-” rating to a “c+” rating in a report on Wednesday, September 5th. Pivotal Research restated a “hold” rating and set a $33.00 target price on shares of US Foods in a report on Tuesday, July 31st. Wells Fargo & Co boosted their target price on US Foods from $42.00 to $48.00 and gave the stock a “$39.60” rating in a report on Wednesday, July 18th. They noted that the move was a valuation call. Citigroup lowered their target price on US Foods from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Finally, Credit Suisse Group lowered their target price on US Foods from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $38.07.

USFD stock opened at $29.22 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 1.39. US Foods has a 12-month low of $25.43 and a 12-month high of $40.92. The stock has a market capitalization of $6.34 billion, a P/E ratio of 17.93, a PEG ratio of 0.60 and a beta of 0.36.

Several institutional investors have recently modified their holdings of the company. First Mercantile Trust Co. purchased a new stake in shares of US Foods during the 2nd quarter valued at approximately $122,000. SG Americas Securities LLC purchased a new stake in shares of US Foods during the 2nd quarter valued at approximately $123,000. Nisa Investment Advisors LLC purchased a new stake in shares of US Foods during the 2nd quarter valued at approximately $189,000. First Hawaiian Bank purchased a new stake in shares of US Foods during the 3rd quarter valued at approximately $190,000. Finally, First Republic Investment Management Inc. purchased a new stake in shares of US Foods during the 2nd quarter valued at approximately $203,000.

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.

Featured Article: Earnings Per Share (EPS) Explained

Get a free copy of the Zacks research report on US Foods (USFD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for US Foods (NYSE:USFD)

Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply