US Foods (NYSE:USFD) Trading Down 3%

Shares of US Foods Holding Corp. (NYSE:USFD) fell 3% during mid-day trading on Friday . The stock traded as low as $59.20 and last traded at $60.95. 1,066,654 shares changed hands during trading, a decline of 41% from the average session volume of 1,804,787 shares. The stock had previously closed at $62.82.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Jefferies Financial Group lifted their price target on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company lifted their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. Finally, Piper Sandler lifted their price target on shares of US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, June 7th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $66.82.

US Foods Trading Down 5.0 %

The business’s fifty day simple moving average is $56.80 and its two-hundred day simple moving average is $54.16. The company has a market cap of $14.67 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 1.02 and a beta of 1.66. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. The business had revenue of $9.71 billion for the quarter, compared to analysts’ expectations of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 EPS. On average, equities analysts predict that US Foods Holding Corp. will post 2.9 EPS for the current year.

Insider Activity

In related news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On US Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC purchased a new stake in shares of US Foods during the 1st quarter worth $22,937,000. Janus Henderson Group PLC boosted its position in shares of US Foods by 46.3% during the 1st quarter. Janus Henderson Group PLC now owns 162,338 shares of the company’s stock worth $8,759,000 after purchasing an additional 51,402 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of US Foods during the 1st quarter worth $232,000. Artemis Investment Management LLP purchased a new stake in shares of US Foods during the 1st quarter worth $20,997,000. Finally, Vanguard Group Inc. boosted its position in shares of US Foods by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock worth $1,242,336,000 after purchasing an additional 796,434 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

US Foods Company 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.