US Foods (NYSE:USFD) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

US Foods (NYSE:USFD – Get Rating) announced its quarterly earnings data on Thursday. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.19, Briefing.com reports. US Foods had a net margin of 0.56% and a return on equity of 11.40%. The company had revenue of $7.80 billion for the quarter, compared to analysts’ expectations of $7.80 billion. During the same period in the previous year, the company posted $0.12 EPS. US Foods’s revenue was up 23.9% compared to the same quarter last year. US Foods updated its FY22 guidance to $1.80-$2.10 EPS.

Shares of USFD opened at $34.49 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.41 and a quick ratio of 0.75. US Foods has a 1-year low of $30.02 and a 1-year high of $40.51. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 54.75, a price-to-earnings-growth ratio of 0.81 and a beta of 1.48. The firm has a 50 day simple moving average of $36.54 and a 200-day simple moving average of $35.75.

In other US Foods news, Director Court D. Carruthers acquired 14,040 shares of the firm’s stock in a transaction dated Tuesday, March 15th. The shares were acquired at an average price of $35.55 per share, for a total transaction of $499,122.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cheryl A. Bachelder purchased 6,000 shares of the stock in a transaction on Friday, March 11th. The stock was acquired at an average price of $34.57 per share, with a total value of $207,420.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 51,040 shares of company stock valued at $1,726,752 over the last 90 days. Insiders own 1.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in USFD. Great West Life Assurance Co. Can raised its stake in US Foods by 11.7% during the first quarter. Great West Life Assurance Co. Can now owns 17,435 shares of the company’s stock worth $698,000 after purchasing an additional 1,822 shares during the period. Sei Investments Co. raised its holdings in shares of US Foods by 25.8% in the 1st quarter. Sei Investments Co. now owns 17,891 shares of the company’s stock worth $668,000 after purchasing an additional 3,667 shares during the period. Mariner LLC lifted its stake in shares of US Foods by 8.1% in the 1st quarter. Mariner LLC now owns 17,753 shares of the company’s stock valued at $668,000 after purchasing an additional 1,329 shares in the last quarter. Natixis Advisors L.P. grew its holdings in shares of US Foods by 27.8% during the 1st quarter. Natixis Advisors L.P. now owns 15,716 shares of the company’s stock worth $591,000 after purchasing an additional 3,421 shares during the period. Finally, Raymond James Trust N.A. increased its position in US Foods by 2.6% during the 1st quarter. Raymond James Trust N.A. now owns 15,254 shares of the company’s stock worth $574,000 after purchasing an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 97.60% of the company’s stock.

A number of brokerages have recently issued reports on USFD. Deutsche Bank Aktiengesellschaft assumed coverage on shares of US Foods in a research note on Tuesday, January 18th. They set a “buy” rating and a $44.00 price target on the stock. Credit Suisse Group increased their target price on US Foods from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, February 18th. Zacks Investment Research upgraded US Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. StockNews.com upgraded US Foods from a “hold” rating to a “buy” rating in a research report on Friday, April 22nd. Finally, CL King boosted their target price on shares of US Foods from $41.00 to $43.00 in a research report on Monday, May 2nd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $41.70.

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.

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