US Foods (USFD) Downgraded by TheStreet to C+

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TheStreet lowered shares of US Foods (NYSE:USFD) from a b- rating to a c+ rating in a research note released on Wednesday.

USFD has been the subject of a number of other reports. Citigroup lowered their target price on US Foods from $45.00 to $39.00 and set a buy rating for the company in a research report on Friday, August 17th. Zacks Investment Research downgraded US Foods from a hold rating to a sell rating in a research report on Wednesday, August 1st. Jefferies Financial Group set a $45.00 target price on US Foods and gave the company a buy rating in a research report on Tuesday, July 31st. Royal Bank of Canada reiterated a hold rating and set a $35.00 target price on shares of US Foods in a research report on Tuesday, July 31st. Finally, Morgan Stanley lowered their target price on US Foods from $43.00 to $41.00 and set a buy rating for the company in a research report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. US Foods has an average rating of Hold and an average price target of $38.50.

USFD stock opened at $31.52 on Wednesday. US Foods has a 1-year low of $25.43 and a 1-year high of $40.92. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 35.01, a price-to-earnings-growth ratio of 0.66 and a beta of 0.08.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Monday, July 30th. The company reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.01). US Foods had a return on equity of 12.66% and a net margin of 2.25%. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.32 billion. During the same quarter in the previous year, the company earned $0.37 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. sell-side analysts expect that US Foods will post 1.97 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Colony Group LLC raised its holdings in US Foods by 0.5% during the 2nd quarter. Colony Group LLC now owns 350,689 shares of the company’s stock valued at $13,263,000 after buying an additional 1,876 shares during the period. Meeder Asset Management Inc. raised its holdings in US Foods by 181.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,333 shares of the company’s stock valued at $109,000 after buying an additional 2,148 shares during the period. Amalgamated Bank raised its holdings in US Foods by 5.6% during the 2nd quarter. Amalgamated Bank now owns 41,464 shares of the company’s stock valued at $1,568,000 after buying an additional 2,205 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in US Foods by 6.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,510 shares of the company’s stock worth $1,196,000 after purchasing an additional 2,245 shares during the period. Finally, New York State Teachers Retirement System increased its stake in US Foods by 17.9% in the first quarter. New York State Teachers Retirement System now owns 18,400 shares of the company’s stock worth $603,000 after purchasing an additional 2,800 shares during the period.

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.

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