Trading Report: The US Foods (USFD) Lowered to “Hold” at Zacks Investment Research

The US Foods (USFD) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of US Foods (NASDAQ:USFD) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday.

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. “

A number of other brokerages have also commented on USFD. Bank of America Corp. initiated coverage on US Foods in a research note on Monday, June 20th. They set a buy rating and a $29.00 price target on the stock. Wells Fargo & Co. initiated coverage on US Foods in a research note on Monday, June 20th. They set an outperform rating and a $26.50 price target on the stock. JPMorgan Chase & Co. initiated coverage on US Foods in a research note on Monday, June 20th. They set an overweight rating and a $27.50 price target on the stock. BMO Capital Markets initiated coverage on US Foods in a research note on Monday, June 20th. They set a market perform rating and a $25.00 price target on the stock. Finally, Goldman Sachs Group Inc. initiated coverage on US Foods in a research note on Monday, June 20th. They set a neutral rating and a $28.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $27.18.

US Foods (NASDAQ:USFD) traded down 0.5758% during mid-day trading on Wednesday, reaching $22.8775. The company had a trading volume of 23,368 shares. US Foods has a one year low of $22.51 and a one year high of $25.83. The firm’s market capitalization is $5.05 billion. The firm’s 50-day moving average is $23.72 and its 200-day moving average is $24.23.

US Foods (NASDAQ:USFD) last released its earnings results on Tuesday, August 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.42. The business earned $5.81 million during the quarter, compared to analysts’ expectations of $5.84 million. The company’s revenue was down .6% on a year-over-year basis. On average, equities research analysts anticipate that US Foods will post $1.30 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of USFD. Royal Bank of Canada acquired a new position in shares of US Foods during the second quarter valued at about $121,000. Quantbot Technologies LP acquired a new position in shares of US Foods during the second quarter valued at about $149,000. BlackRock Japan Co. Ltd acquired a new position in shares of US Foods during the second quarter valued at about $201,000. Nomura Holdings Inc. acquired a new position in shares of US Foods during the second quarter valued at about $229,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of US Foods during the second quarter valued at about $233,000.

US Foods Company Profile

US Foods Holding Corp. is a holding company. The Company, through its subsidiary, US Foods, Inc (USF), is involved in marketing and distributing fresh, frozen and dry food, and non-food products to foodservice customers across the United States. The Company serves various customers, which include 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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