Redmont Wealth Advisors LLC Takes Position in US Foods Holding Corp. (NYSE:USFD)

Redmont Wealth Advisors LLC acquired a new stake in US Foods Holding Corp. (NYSE:USFD) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 500 shares of the company’s stock, valued at approximately $27,000.

Other large investors also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in shares of US Foods during the 1st quarter valued at $30,000. Blue Trust Inc. bought a new stake in shares of US Foods during the 4th quarter valued at $30,000. GAMMA Investing LLC bought a new stake in shares of US Foods during the 4th quarter valued at $41,000. Anchor Investment Management LLC bought a new stake in shares of US Foods during the 4th quarter valued at $47,000. Finally, Quarry LP bought a new stake in shares of US Foods during the 4th quarter valued at $55,000. 98.76% of the stock is currently owned by institutional investors.

US Foods Price Performance

USFD stock opened at $53.06 on Thursday. The stock has a 50-day moving average price of $53.13 and a two-hundred day moving average price of $50.56. The stock has a market cap of $13.05 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 0.87 and a beta of 1.62. The company has a current ratio of 1.31, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95. US Foods Holding Corp. has a 1 year low of $35.66 and a 1 year high of $55.98.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). US Foods had a return on equity of 13.08% and a net margin of 1.41%. The business had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.93 billion. Equities analysts forecast that US Foods Holding Corp. will post 2.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on USFD shares. UBS Group upped their price objective on shares of US Foods from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, May 10th. BTIG Research upped their price objective on shares of US Foods from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Piper Sandler upped their price objective on shares of US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, June 7th. Truist Financial upped their price objective on shares of US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of US Foods from $52.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, US Foods presently has an average rating of “Buy” and an average price target of $62.00.

US Foods Profile

US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's 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.