Versant Capital Management Inc Grows Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

Versant Capital Management Inc grew its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 578.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,801 shares of the company's stock after purchasing an additional 4,946 shares during the quarter. Versant Capital Management Inc's holdings in US Foods were worth $380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. EntryPoint Capital LLC acquired a new stake in shares of US Foods in the 4th quarter valued at $357,000. Longbow Finance SA acquired a new stake in shares of US Foods in the 4th quarter valued at $9,001,000. Avantax Advisory Services Inc. raised its stake in US Foods by 121.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock worth $751,000 after acquiring an additional 6,108 shares in the last quarter. Man Group plc raised its stake in US Foods by 307.3% during the 4th quarter. Man Group plc now owns 414,629 shares of the company's stock worth $27,971,000 after acquiring an additional 312,833 shares in the last quarter. Finally, Redwood Investment Management LLC raised its stake in US Foods by 178.1% during the 4th quarter. Redwood Investment Management LLC now owns 75,653 shares of the company's stock worth $5,104,000 after acquiring an additional 48,448 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on USFD shares. Morgan Stanley lifted their price target on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Citigroup started coverage on shares of US Foods in a research note on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target on the stock. Truist Financial lifted their price target on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Barclays lifted their price target on shares of US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $75.92.

Insider Activity

In related news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the sale, the executive vice president now owns 115,077 shares of the company's stock, valued at approximately $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.60% of the company's stock.

US Foods Stock Performance

Shares of NYSE:USFD traded down $0.89 during midday trading on Tuesday, hitting $78.00. The stock had a trading volume of 1,766,303 shares, compared to its average volume of 2,256,107. The company has a market capitalization of $18.05 billion, a PE ratio of 38.61, a P/E/G ratio of 1.03 and a beta of 1.35. The stock has a 50 day moving average price of $68.50 and a two-hundred day moving average price of $68.60. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 1 year low of $50.05 and a 1 year high of $79.64.

US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.01). The firm had revenue of $9.35 billion during the quarter, compared to analysts' expectations of $9.42 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. As a group, equities analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

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.