US Foods Holding Corp. (NYSE:USFD - Get Free Report) shares dropped 4.3% on Thursday . The stock traded as low as $50.73 and last traded at $51.28. Approximately 1,303,214 shares changed hands during trading, a decline of 22% from the average daily volume of 1,660,517 shares. The stock had previously closed at $53.57.
Analyst Ratings Changes
USFD has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of US Foods from $50.00 to $52.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 19th. StockNews.com upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Friday, February 23rd. BTIG Research raised their price target on shares of US Foods from $52.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, March 19th. BMO Capital Markets raised their price objective on shares of US Foods from $50.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. Finally, Piper Sandler raised shares of US Foods from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $45.00 to $59.00 in a research note on Tuesday, February 20th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, US Foods has an average rating of "Buy" and a consensus price target of $54.42.
Get Our Latest Analysis on USFD
US Foods Price Performance
The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. The business's 50-day moving average is $50.68 and its two-hundred day moving average is $45.15. The company has a market capitalization of $12.23 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 0.90 and a beta of 1.58.
US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.04). The firm had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. As a group, analysts predict that US Foods Holding Corp. will post 2.91 earnings per share for the current year.
Insiders Place Their Bets
In other US Foods news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total value of $2,626,000.00. Following the sale, the executive vice president now owns 148,561 shares of the company's stock, valued at $7,802,423.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.
Hedge Funds Weigh In On US Foods
Several large investors have recently modified their holdings of the business. Duncan Williams Asset Management LLC purchased a new position in shares of US Foods in the first quarter worth about $376,000. Symmetry Partners LLC purchased a new position in shares of US Foods in the first quarter worth about $274,000. Kapitalo Investimentos Ltda increased its stake in shares of US Foods by 364.1% in the fourth quarter. Kapitalo Investimentos Ltda now owns 10,785 shares of the company's stock worth $490,000 after purchasing an additional 8,461 shares in the last quarter. SageView Advisory Group LLC increased its stake in shares of US Foods by 27.0% in the fourth quarter. SageView Advisory Group LLC now owns 6,399 shares of the company's stock worth $299,000 after purchasing an additional 1,361 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of US Foods by 12.3% in the fourth quarter. Wellington Management Group LLP now owns 3,222,016 shares of the company's stock worth $146,312,000 after purchasing an additional 351,646 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.
US Foods Company Profile
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Get Free Report)
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.
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