Twin Tree Management LP Buys 19,659 Shares of US Foods Holding Corp. $USFD

Key Points

• Twin Tree Management LP significantly increased its stake in US Foods Holding Corp. by 98.6%, acquiring an additional 19,659 shares, bringing their total holdings to 39,602 shares valued at approximately $3 million.
• The stock is currently trading down by 3.0% at a price of $74.91, with a 52-week low of $57.36 and a high of $85.11.
• US Foods reported earnings of $1.19 per share for the last quarter, exceeding expectations, with revenue reaching $10.08 billion, marking a 3.8% year-over-year increase.

Twin Tree Management LP increased its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 98.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,602 shares of the company's stock after acquiring an additional 19,659 shares during the period. Twin Tree Management LP's holdings in US Foods were worth $3,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of USFD. Caitong International Asset Management Co. Ltd bought a new stake in shares of US Foods in the 1st quarter valued at about $31,000. V Square Quantitative Management LLC lifted its stake in shares of US Foods by 58.7% in the 2nd quarter. V Square Quantitative Management LLC now owns 541 shares of the company's stock valued at $42,000 after acquiring an additional 200 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of US Foods by 487.2% in the 1st quarter. Blue Trust Inc. now owns 875 shares of the company's stock valued at $57,000 after acquiring an additional 726 shares during the last quarter. Signaturefd LLC lifted its stake in shares of US Foods by 19.7% in the 1st quarter. Signaturefd LLC now owns 1,302 shares of the company's stock valued at $85,000 after acquiring an additional 214 shares during the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of US Foods in the 1st quarter valued at about $91,000. Institutional investors own 98.76% of the company's stock.

US Foods Stock Down 3.0%

USFD stock opened at $74.91 on Friday. US Foods Holding Corp. has a fifty-two week low of $57.36 and a fifty-two week high of $85.11. The business's 50 day moving average price is $77.35 and its two-hundred day moving average price is $75.28. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17. The company has a market capitalization of $16.87 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 1.08 and a beta of 1.36.

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

Analyst Ratings Changes

A number of research analysts have commented on USFD shares. Morgan Stanley reaffirmed an "overweight" rating and set a $89.00 price target (up previously from $84.00) on shares of US Foods in a research report on Monday, July 14th. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of US Foods in a research report on Tuesday. Wells Fargo & Company reaffirmed an "overweight" rating and set a $87.00 price target (up previously from $80.00) on shares of US Foods in a research report on Friday, August 8th. JPMorgan Chase & Co. upped their price target on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Finally, Piper Sandler upped their price target on US Foods from $77.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, US Foods currently has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.