Shares of US Foods Holding Corp. (NYSE:USFD - Get Free Report) fell 5.2% on Thursday following a dissappointing earnings announcement. The stock traded as low as $66.56 and last traded at $66.26. 1,271,651 shares changed hands during trading, a decline of 27% from the average session volume of 1,740,905 shares. The stock had previously closed at $69.91.
The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). The company had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. US Foods had a net margin of 1.54% and a return on equity of 14.15%.
Analyst Ratings Changes
USFD has been the topic of several recent analyst reports. Melius initiated coverage on US Foods in a report on Wednesday, December 18th. They issued a "buy" rating and a $12.00 target price on the stock. Barclays increased their target price on US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Friday. UBS Group increased their target price on US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a report on Friday. JPMorgan Chase & Co. increased their target price on US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Finally, Jefferies Financial Group increased their target price on US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a report on Monday, December 16th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $70.17.
Check Out Our Latest Research Report on USFD
Hedge Funds Weigh In On US Foods
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Boston Partners grew its holdings in shares of US Foods by 0.6% during the fourth quarter. Boston Partners now owns 12,744,006 shares of the company's stock worth $860,460,000 after buying an additional 77,012 shares during the last quarter. Wellington Management Group LLP lifted its position in US Foods by 25.2% in the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company's stock valued at $744,548,000 after purchasing an additional 2,435,357 shares during the period. State Street Corp lifted its position in US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company's stock valued at $433,299,000 after purchasing an additional 316,061 shares during the period. Massachusetts Financial Services Co. MA lifted its position in US Foods by 4.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company's stock valued at $420,781,000 after purchasing an additional 291,016 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in US Foods by 7.3% in the fourth quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock valued at $290,369,000 after purchasing an additional 292,404 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.
US Foods Stock Performance
The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. The stock has a market cap of $16.60 billion, a price-to-earnings ratio of 30.58, a P/E/G ratio of 0.95 and a beta of 1.67. The stock's 50-day moving average is $69.02 and its 200 day moving average is $64.18.
US Foods Company Profile
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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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