Short Interest in US Foods Holding Corp. (NYSE:USFD) Declines By 16.2%

US Foods Holding Corp. (NYSE:USFD - Get Free Report) was the target of a large drop in short interest in April. As of April 30th, there was short interest totalling 6,050,000 shares, a drop of 16.2% from the April 15th total of 7,220,000 shares. Based on an average daily volume of 1,770,000 shares, the short-interest ratio is presently 3.4 days.

US Foods Price Performance

Shares of US Foods stock traded down $0.20 during trading hours on Monday, hitting $54.61. The company's stock had a trading volume of 1,694,716 shares, compared to its average volume of 1,739,660. The business has a 50 day moving average price of $52.38 and a two-hundred day moving average price of $47.78. US Foods has a 12-month low of $35.66 and a 12-month high of $55.39. The company has a market cap of $13.43 billion, a PE ratio of 26.90, a PEG ratio of 0.92 and a beta of 1.58. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 1.31.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). US Foods had a net margin of 1.41% and a return on equity of 13.08%. The business had revenue of $8.94 billion during the quarter, compared to analysts' expectations of $8.81 billion. Analysts expect that US Foods will post 2.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BTIG Research raised their price target on US Foods from $52.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, March 19th. Barclays raised their price target on US Foods from $60.00 to $64.00 and gave the stock an "overweight" rating in a research note on Friday. Piper Sandler upgraded US Foods from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $45.00 to $59.00 in a research report on Tuesday, February 20th. UBS Group lifted their target price on US Foods from $64.00 to $67.00 and gave the company a "buy" rating in a research report on Friday. Finally, Morgan Stanley lifted their target price on US Foods from $62.00 to $64.00 and gave the company an "overweight" rating in a research report on Friday. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $60.56.

Insiders Place Their Bets

In other US Foods news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total value of $2,626,000.00. Following the completion of the sale, the executive vice president now owns 148,561 shares of the company's stock, valued at approximately $7,802,423.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company's stock.

Hedge Funds Weigh In On US Foods

Several large investors have recently made changes to their positions in USFD. Vanguard Group Inc. increased its holdings in shares of US Foods by 3.6% in the first 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 during the last quarter. Boston Partners increased its holdings in shares of US Foods by 1.4% in the third quarter. Boston Partners now owns 18,313,484 shares of the company's stock worth $726,684,000 after purchasing an additional 257,503 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of US Foods by 98.2% in the fourth quarter. Victory Capital Management Inc. now owns 9,220,688 shares of the company's stock worth $418,711,000 after purchasing an additional 4,569,002 shares during the last quarter. Dorsal Capital Management LP increased its holdings in shares of US Foods by 2.0% in the fourth quarter. Dorsal Capital Management LP now owns 5,000,000 shares of the company's stock worth $227,050,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of US Foods by 1.7% in the first quarter. Bessemer Group Inc. now owns 4,454,515 shares of the company's stock worth $240,409,000 after purchasing an additional 75,132 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

About US Foods

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.