US Foods (NYSE:USFD) Issues Quarterly Earnings Results

US Foods (NYSE:USFDGet Rating) released its earnings results on Thursday. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.14, MarketWatch Earnings reports. US Foods had a return on equity of 11.40% and a net margin of 0.56%.

US Foods stock traded down $0.04 during mid-day trading on Friday, hitting $38.31. The company had a trading volume of 24,004 shares, compared to its average volume of 2,033,924. The company has a current ratio of 1.41, a quick ratio of 0.75 and a debt-to-equity ratio of 1.32. US Foods has a 12-month low of $30.02 and a 12-month high of $42.10. The company’s fifty day moving average is $36.87 and its 200-day moving average is $35.73. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 74.14, a P/E/G ratio of 0.91 and a beta of 1.59.

In related news, Director Robert M. Dutkowsky acquired 31,000 shares of the stock in a transaction on Monday, March 7th. The shares were acquired at an average price of $32.91 per share, for a total transaction of $1,020,210.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Cheryl A. Bachelder bought 6,000 shares of US Foods stock in a transaction dated Friday, March 11th. The shares were acquired at an average cost of $34.57 per share, with a total value of $207,420.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 51,040 shares of company stock worth $1,726,752. Insiders own 1.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in USFD. Metropolitan Life Insurance Co NY acquired a new stake in shares of US Foods in the 4th quarter worth $153,000. MML Investors Services LLC increased its stake in shares of US Foods by 6.5% in the 4th quarter. MML Investors Services LLC now owns 16,221 shares of the company’s stock worth $565,000 after acquiring an additional 985 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of US Foods by 6.4% in the 4th quarter. NewEdge Advisors LLC now owns 27,085 shares of the company’s stock worth $943,000 after acquiring an additional 1,630 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of US Foods by 362.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 40,969 shares of the company’s stock worth $1,427,000 after acquiring an additional 32,101 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of US Foods by 1.1% during the 4th quarter. BlackRock Inc. now owns 8,583,406 shares of the company’s stock worth $298,961,000 after purchasing an additional 91,106 shares during the period.

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on US Foods in a report on Tuesday, January 18th. They issued a “buy” rating and a $44.00 target price on the stock. Credit Suisse Group boosted their target price on US Foods from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, February 18th. CL King assumed coverage on US Foods in a report on Friday, March 11th. They issued a “buy” rating and a $41.00 target price on the stock. StockNews.com assumed coverage on US Foods in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Truist Financial assumed coverage on US Foods in a research note on Tuesday, February 1st. They issued a “buy” rating and a $43.00 price target for the company. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, US Foods presently has a consensus rating of “Hold” and an average price target of $41.50.

About US Foods (Get Rating)

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.

Featured Articles

Earnings History for US Foods (NYSE:USFD)

Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.