US Foods (NYSE:USFD) Upgraded by TD Cowen to Strong-Buy Rating

US Foods (NYSE:USFD) was upgraded by research analysts at TD Cowen to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other brokerages also recently issued reports on USFD. BTIG Research cut their price objective on shares of US Foods from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Weiss Ratings downgraded US Foods from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Citigroup reduced their price target on US Foods from $115.00 to $111.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Zacks Research downgraded US Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 1st. Finally, Piper Sandler lowered their price objective on US Foods from $103.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, US Foods presently has an average rating of “Moderate Buy” and an average price target of $106.31.

US Foods Stock Performance

Shares of USFD opened at $103.99 on Tuesday. The firm has a market capitalization of $22.90 billion, a P/E ratio of 35.01, a PEG ratio of 1.31 and a beta of 0.79. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.14 and a quick ratio of 0.70. US Foods has a one year low of $69.88 and a one year high of $105.17. The business has a fifty day moving average of $89.62 and a 200 day moving average of $88.42.

US Foods (NYSE:USFD) last announced its 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 return on equity of 19.37% and a net margin of 1.71%.The firm had revenue of $9.61 billion during the quarter, compared to analysts’ expectations of $9.66 billion. During the same period in the previous year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. As a group, sell-side analysts anticipate that US Foods will post 4.34 EPS for the current year.

Institutional Investors Weigh In On US Foods

Several large investors have recently made changes to their positions in USFD. Price T Rowe Associates Inc. MD increased its position in US Foods by 412.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,165,611 shares of the company’s stock worth $313,755,000 after purchasing an additional 3,353,396 shares during the last quarter. Bank of Montreal Can raised its position in shares of US Foods by 8,056.1% during the 4th quarter. Bank of Montreal Can now owns 2,866,721 shares of the company’s stock valued at $215,921,000 after buying an additional 2,831,573 shares in the last quarter. Norges Bank purchased a new position in US Foods in the fourth quarter worth about $192,849,000. Wellington Management Group LLP increased its stake in US Foods by 14.2% during the third quarter. Wellington Management Group LLP now owns 12,875,970 shares of the company’s stock worth $986,557,000 after acquiring an additional 1,599,033 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of US Foods by 9,713.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,243,456 shares of the company’s stock valued at $114,659,000 after purchasing an additional 1,230,785 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

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.