US Foods (NYSE:USFD) Updates FY 2022 Earnings Guidance

US Foods (NYSE:USFD – Get Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.80-$2.10 for the period, compared to the consensus earnings per share estimate of $2.27. The company issued revenue guidance of -.

A number of research firms have recently commented on USFD. Zacks Investment Research raised US Foods from a sell rating to a hold rating in a research note on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft began coverage on US Foods in a research note on Tuesday, January 18th. They set a buy rating and a $44.00 target price on the stock. CL King upped their target price on US Foods from $41.00 to $43.00 in a research note on Monday, May 2nd. Morgan Stanley upped their target price on US Foods from $41.00 to $42.00 and gave the company an equal weight rating in a research note on Friday, April 22nd. Finally, StockNews.com raised US Foods from a hold rating to a buy rating in a research note on Friday, April 22nd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, US Foods presently has an average rating of Buy and an average target price of $41.70.

Shares of USFD traded up $1.24 during midday trading on Tuesday, hitting $35.86. 2,757,192 shares of the company’s stock traded hands, compared to its average volume of 1,978,116. US Foods has a 1 year low of $30.02 and a 1 year high of $40.51. The company’s fifty day moving average is $36.65. The company has a quick ratio of 0.75, a current ratio of 1.41 and a debt-to-equity ratio of 1.32. The firm has a market cap of $8.00 billion, a PE ratio of 68.96, a price-to-earnings-growth ratio of 0.88 and a beta of 1.48.

US Foods (NYSE:USFD – Get Rating) last issued its earnings results on Thursday, April 21st. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.14. US Foods had a return on equity of 11.40% and a net margin of 0.56%. As a group, research analysts expect that US Foods will post 2.07 EPS for the current fiscal year.

In other US Foods news, Director Cheryl A. Bachelder bought 6,000 shares of the company’s stock in a transaction dated Friday, March 11th. The shares were purchased at an average cost of $34.57 per share, for a total transaction of $207,420.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Court D. Carruthers bought 14,040 shares of the company’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 disclosure for this purchase can be found here. Insiders have acquired a total of 51,040 shares of company stock worth $1,726,752 over the last ninety days. 1.00% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of USFD. BlackRock Inc. boosted its holdings in US Foods by 1.1% in the 4th quarter. BlackRock Inc. now owns 8,583,406 shares of the company’s stock worth $298,961,000 after buying an additional 91,106 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in 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 buying an additional 32,101 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in 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 buying an additional 1,630 shares during the last quarter. MML Investors Services LLC boosted its holdings in 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 buying an additional 985 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY acquired a new stake in US Foods in the 4th quarter worth about $153,000. Hedge funds and other institutional investors own 97.60% of the company’s stock.

US Foods Company Profile (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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