Sheets Smith Investment Management Purchases 4,748 Shares of US Foods Holding Corp. $USFD

Key Points

• Sheets Smith Investment Management increased its stake in US Foods Holding Corp. by 23.3% in the first quarter, now owning over 25,000 shares valued at approximately $1.645 million.
• Multiple hedge funds are also increasing their positions in US Foods, with notable increases including Blue Trust Inc. growing its share by 487.2% during the same period.
• Analysts are optimistic about US Foods, with several firms upgrading the stock's rating and raising target prices, including a notable increase by Piper Sandler from $77.00 to $85.00.

Sheets Smith Investment Management lifted its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 23.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,129 shares of the company's stock after purchasing an additional 4,748 shares during the quarter. US Foods comprises approximately 1.6% of Sheets Smith Investment Management's holdings, making the stock its 12th largest position. Sheets Smith Investment Management's holdings in US Foods were worth $1,645,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in USFD. Boston Partners boosted its holdings in US Foods by 29.1% in the first quarter. Boston Partners now owns 16,457,351 shares of the company's stock worth $1,076,225,000 after acquiring an additional 3,713,345 shares in the last quarter. Burgundy Asset Management Ltd. bought a new position in US Foods in the 1st quarter valued at approximately $110,245,000. Jupiter Asset Management Ltd. bought a new position in US Foods in the 1st quarter valued at approximately $91,087,000. AQR Capital Management LLC lifted its position in US Foods by 120.3% in the 1st quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company's stock valued at $162,853,000 after acquiring an additional 1,385,521 shares in the last quarter. Finally, Invesco Ltd. lifted its position in US Foods by 21.8% in the 1st quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock valued at $493,964,000 after acquiring an additional 1,350,034 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

US Foods Trading Up 0.6%

Shares of USFD traded up $0.46 during mid-day trading on Wednesday, reaching $78.16. 443,879 shares of the company's stock traded hands, compared to its average volume of 2,196,584. The stock's 50-day moving average is $80.01 and its two-hundred day moving average is $73.68. The stock has a market cap of $17.60 billion, a P/E ratio of 33.40, a P/E/G ratio of 1.11 and a beta of 1.39. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73. US Foods Holding Corp. has a 12 month low of $57.36 and a 12 month high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $10.17 billion. During the same period in the prior year, the firm earned $0.93 EPS. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. Research analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Transactions at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $600,000.00. Following the transaction, the executive vice president directly owned 115,077 shares in the company, valued at $9,206,160. This represents a 6.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wells Fargo & Company reaffirmed an "overweight" rating and set a $87.00 price target (up from $80.00) on shares of US Foods in a report on Friday, August 8th. Guggenheim upped their target price on shares of US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Piper Sandler upped their target price on shares of US Foods from $77.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Barclays increased their price objective on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, UBS Group increased their price target on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $81.27.

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.