US Foods Holding Corp. (NYSE:USFD - Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 7,450,000 shares, a growth of 20.7% from the August 15th total of 6,170,000 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average trading volume of 2,170,000 shares, the days-to-cover ratio is presently 3.4 days. Based on an average trading volume of 2,170,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 3.3% of the shares of the stock are short sold.
US Foods Trading Down 0.5%
US Foods stock traded down $0.40 during midday trading on Thursday, hitting $78.39. 1,642,680 shares of the stock were exchanged, compared to its average volume of 1,626,506. US Foods has a 52 week low of $57.36 and a 52 week high of $85.11. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $17.65 billion, a PE ratio of 33.50, a P/E/G ratio of 1.10 and a beta of 1.39. The company has a fifty day simple moving average of $79.95 and a two-hundred day simple moving average of $73.77.
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 the consensus estimate of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The company had revenue of $10.08 billion for the quarter, compared to analyst estimates of $10.17 billion. During the same period last year, the business posted $0.93 earnings per share. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. Equities research analysts anticipate that US Foods will post 3.59 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on USFD. Guggenheim upped their target price on shares of US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $87.00 price objective (up previously from $80.00) on shares of US Foods in a report on Friday, August 8th. UBS Group increased their price objective on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Barclays boosted their target price on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Piper Sandler lifted their price objective on US Foods from $77.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $81.27.
Get Our Latest Research Report on US Foods
Insider Buying and Selling
In related news, EVP Dirk J. Locascio sold 7,500 shares of the firm's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $600,000.00. Following the completion of the sale, the executive vice president directly owned 115,077 shares of the company's stock, valued at $9,206,160. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of USFD. Boston Partners raised its position in shares of US Foods by 29.1% in the first quarter. Boston Partners now owns 16,457,351 shares of the company's stock valued at $1,076,225,000 after purchasing an additional 3,713,345 shares during the period. Wellington Management Group LLP raised its holdings in US Foods by 3.7% in the 1st quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company's stock valued at $774,806,000 after acquiring an additional 426,288 shares during the period. Invesco Ltd. lifted its position in US Foods by 21.8% during the first quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock worth $493,964,000 after acquiring an additional 1,350,034 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of US Foods by 2.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,134,905 shares of the company's stock worth $472,449,000 after acquiring an additional 161,749 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of US Foods by 1.3% in the second quarter. Geode Capital Management LLC now owns 3,986,397 shares of the company's stock valued at $307,044,000 after purchasing an additional 52,361 shares during the last quarter. 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.
Further Reading
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