Redwood Investment Management LLC Acquires 48,448 Shares of US Foods Holding Corp. (NYSE:USFD)

Redwood Investment Management LLC raised its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 178.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,653 shares of the company's stock after acquiring an additional 48,448 shares during the period. Redwood Investment Management LLC's holdings in US Foods were worth $5,104,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in US Foods in the fourth quarter valued at $357,000. Longbow Finance SA purchased a new stake in US Foods in the fourth quarter valued at approximately $9,001,000. Avantax Advisory Services Inc. increased its holdings in shares of 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 buying an additional 6,108 shares during the last quarter. Merit Financial Group LLC purchased a new position in shares of US Foods in the 4th quarter worth about $413,000. Finally, Westover Capital Advisors LLC lifted its holdings in shares of US Foods by 199.2% during the 4th quarter. Westover Capital Advisors LLC now owns 25,722 shares of the company's stock valued at $1,735,000 after acquiring an additional 17,125 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by company insiders.

US Foods Stock Up 1.1%

Shares of NYSE USFD traded up $0.84 during midday trading on Tuesday, reaching $78.07. The company's stock had a trading volume of 785,236 shares, compared to its average volume of 2,256,181. 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 fifty-two week low of $50.05 and a fifty-two week high of $78.18. The stock has a 50 day simple moving average of $66.02 and a 200-day simple moving average of $67.78. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 1.03 and a beta of 1.35.

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

Analysts Set New Price Targets

USFD has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price objective on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Piper Sandler increased their price target on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. UBS Group lifted their price objective on shares of US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Truist Financial boosted their target price on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Guggenheim restated a "buy" rating and issued a $80.00 target price on shares of US Foods in a research note on Monday, May 12th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $74.18.

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.