US Foods (NYSE:USFD) Trading 4.1% Higher on Better-Than-Expected Earnings

US Foods Holding Corp. (NYSE:USFDGet Rating) shares traded up 4.1% during trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $39.29 and last traded at $39.22. 14,757 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 2,026,136 shares. The stock had previously closed at $37.66.

The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.14. US Foods had a net margin of 0.56% and a return on equity of 11.40%.

Several equities research analysts recently weighed in on the stock. CL King began coverage on shares of US Foods in a research report on Friday, March 11th. They set a “buy” rating and a $41.00 price target for the company. Truist Financial began coverage on shares of US Foods in a report on Tuesday, February 1st. They issued a “buy” rating and a $43.00 target price on the stock. Credit Suisse Group raised their target price on shares of US Foods from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, February 18th. Morgan Stanley raised their target price on shares of US Foods from $41.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Zacks Investment Research upgraded shares of US Foods from a “sell” rating to a “hold” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $41.50.

In other news, Director Cheryl A. Bachelder bought 6,000 shares of the stock in a transaction that occurred on Friday, March 11th. The shares were bought at an average price of $34.57 per share, for a total transaction of $207,420.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert M. Dutkowsky bought 31,000 shares of the stock in a transaction that occurred on Monday, March 7th. The shares were purchased at an average price of $32.91 per share, for a total transaction of $1,020,210.00. The disclosure for this purchase can be found here. Insiders have bought a total of 51,040 shares of company stock worth $1,726,752 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truist Financial Corp increased its holdings in US Foods by 26.7% in the 1st quarter. Truist Financial Corp now owns 22,750 shares of the company’s stock valued at $856,000 after acquiring an additional 4,794 shares during the last quarter. CWM LLC increased its holdings in US Foods by 276.8% in the 1st quarter. CWM LLC now owns 1,089 shares of the company’s stock valued at $41,000 after acquiring an additional 800 shares during the last quarter. Triangle Securities Wealth Management bought a new stake in US Foods in the 1st quarter valued at $825,000. Nordea Investment Management AB increased its holdings in US Foods by 10.8% in the 1st quarter. Nordea Investment Management AB now owns 3,908,315 shares of the company’s stock valued at $149,434,000 after acquiring an additional 381,999 shares during the last quarter. Finally, Blue Zone Wealth Advisors LLC increased its holdings in US Foods by 6.6% in the 1st quarter. Blue Zone Wealth Advisors LLC now owns 101,880 shares of the company’s stock valued at $3,834,000 after acquiring an additional 6,300 shares during the last quarter.

The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.75 and a current ratio of 1.41. The company has a market capitalization of $8.52 billion, a P/E ratio of 73.46, a P/E/G ratio of 0.91 and a beta of 1.59. The business’s fifty day simple moving average is $36.89 and its 200-day simple moving average is $35.75.

US Foods Company Profile (NYSE:USFD)

US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes 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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