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.
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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