US Foods Holding Corp. (NYSE:USFD - Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 5,400,000 shares, a growth of 36.0% from the February 13th total of 3,970,000 shares. Based on an average daily trading volume, of 2,180,000 shares, the short-interest ratio is presently 2.5 days. Currently, 2.4% of the shares of the company are short sold.
Insiders Place Their Bets
In related news, Director David W. Bullock bought 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $71.06 per share, with a total value of $284,240.00. Following the acquisition, the director now owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.70% of the company's stock.
Institutional Investors Weigh In On US Foods
A number of hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its holdings in US Foods by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 224,339 shares of the company's stock worth $15,134,000 after purchasing an additional 1,171 shares in the last quarter. 111 Capital purchased a new position in shares of US Foods during the fourth quarter valued at approximately $628,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of US Foods by 183.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,894 shares of the company's stock valued at $1,882,000 after buying an additional 18,057 shares during the last quarter. Brooklyn FI LLC purchased a new position in shares of US Foods during the fourth quarter valued at approximately $445,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in shares of US Foods in the fourth quarter valued at $232,000. 98.76% of the stock is currently owned by institutional investors.
US Foods Trading Down 2.5 %
Shares of USFD traded down $1.65 during mid-day trading on Thursday, reaching $63.42. 1,736,015 shares of the company were exchanged, compared to its average volume of 1,862,973. US Foods has a 52 week low of $49.65 and a 52 week high of $73.19. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The stock has a market capitalization of $14.61 billion, a PE ratio of 31.43, a PEG ratio of 1.03 and a beta of 1.65. The business has a 50 day simple moving average of $69.00 and a two-hundred day simple moving average of $66.11.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). The company had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. On average, analysts predict that US Foods will post 3.59 earnings per share for the current fiscal year.
Analyst Ratings Changes
USFD has been the topic of several analyst reports. Piper Sandler increased their target price on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley raised their price objective on US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Barclays raised their price objective on US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Truist Financial raised their price objective on US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, StockNews.com lowered US Foods from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $71.09.
Check Out Our Latest Stock Analysis on USFD
US Foods Company Profile
(
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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