US Foods (NYSE:USFD – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.
Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. decreased their target price on US Foods from $98.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. TD Cowen began coverage on shares of US Foods in a report on Tuesday, July 7th. They issued a “buy” rating and a $116.00 price target for the company. Morgan Stanley upped their price target on shares of US Foods from $94.00 to $103.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Wall Street Zen cut shares of US Foods from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Piper Sandler lowered their price objective on shares of US Foods from $103.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, June 1st. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, US Foods currently has an average rating of “Moderate Buy” and a consensus price target of $107.00.
View Our Latest Analysis on USFD
US Foods Stock Performance
US Foods (NYSE:USFD – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.04). US Foods had a net margin of 1.71% and a return on equity of 19.37%. The firm had revenue of $9.61 billion for the quarter, compared to analyst estimates of $9.66 billion. During the same quarter last year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. Research analysts forecast that US Foods will post 4.35 EPS for the current fiscal year.
Institutional Investors Weigh In On US Foods
Institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of US Foods by 412.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,165,611 shares of the company’s stock valued at $313,755,000 after purchasing an additional 3,353,396 shares during the last quarter. Bank of Montreal Can increased its stake in US Foods by 8,056.1% in the 4th quarter. Bank of Montreal Can now owns 2,866,721 shares of the company’s stock worth $215,921,000 after purchasing an additional 2,831,573 shares in the last quarter. Norges Bank acquired a new stake in US Foods during the 4th quarter worth about $192,849,000. Wellington Management Group LLP raised its holdings in US Foods by 14.2% during the 3rd quarter. Wellington Management Group LLP now owns 12,875,970 shares of the company’s stock worth $986,557,000 after buying an additional 1,599,033 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in US Foods by 9,713.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,243,456 shares of the company’s stock valued at $114,659,000 after buying an additional 1,230,785 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.
About US Foods
US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.
Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.
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