In yesterday’s Wall Street session, US Foods Holding Corp. (NYSE:USFD) shares traded at $39.39, down -2.86% from the previous session.
As of this writing, 14 analysts cover US Foods Holding Corp. (NYSE:USFD). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $54.00 and a low of $46.00, we find $50.00. Given the previous closing price of $40.55, this indicates a potential upside of 23.3 percent. USFD stock price is now -7.75% away from the 50-day moving average and 3.33% away from the 200-day moving average. The market capitalization of the company currently stands at $9.21B.
There are 2 analysts who have given it a hold rating, whereas 8 have given it a buy rating. Brokers who have rated the stock have averaged $50.24 as their price target over the next twelve months.
With the price target enhanced from $46 to $54, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for US Foods Holding Corp. (NYSE: USFD).
In other news, Guberman Steven, EVP, Nationally Managed Bus. sold 2,735 shares of the company’s stock on Mar 30. The stock was sold for $99,937 at an average price of $36.54. Upon completion of the transaction, the EVP, Nationally Managed Bus. now directly owns 94,579 shares in the company, valued at $3.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 30, Iacobucci Andrew E. sold 2,278 shares of the business’s stock. A total of $83,238 was realized by selling the stock at an average price of $36.54. This leaves the insider owning 185,244 shares of the company worth $7.3 million. Insiders disposed of 310,039 shares of company stock worth roughly $12.21 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in USFD stock. A new stake in US Foods Holding Corp. shares was purchased by DAVIDSON KEMPNER PARTNERS during the first quarter worth $63,323,000. WOODLINE PARTNERS LP invested $26,203,000 in shares of USFD during the first quarter. In the first quarter, INTRINSIC EDGE CAPITAL MANAGEMENT LLC acquired a new stake in US Foods Holding Corp. valued at approximately $17,617,000. HOLOCENE ADVISORS, LP acquired a new stake in USFD for approximately $16,255,000. DLD ASSET MANAGEMENT, LP purchased a new stake in USFD valued at around $9,848,000 in the second quarter. In total, there are 500 active investors with 102.67% ownership of the company’s stock.
During the past 12 months, US Foods Holding Corp. has had a low of $25.49 and a high of $44.52. As of last week, the company has a debt-to-equity ratio of 1.07, a current ratio of 1.30, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $14.57B, which is based on a 29.55 price-to-earnings ratio, a 1.37 price-to-earnings-growth ratio, and a beta of 1.50. The fifty day moving average price for USFD is $42.65 and a two-hundred day moving average price translates $38.16 for the stock.
The latest earnings results from US Foods Holding Corp. (NYSE: USFD) was released for Jun, 2023. According to the Food Distribution Company, earnings per share came in at $0.79, beating analysts’ expectations of $0.76 by 0.03. This compares to $0.31 EPS in the same period last year. The net profit margin was 1.30% and return on equity was 10.60% for USFD. The company reported revenue of $9.01 billion for the quarter, compared to $8.83 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.11 percent. For the current quarter, analysts expect USFD to generate $9.19B in revenue.
US Foods Holding Corp.(USFD) Company Profile
US Foods Holding Corp., through its subsidiary, engages in marketing, sale, and distribution of 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. As of December 31, 2022, it operated 70 distribution facilities, 86 cash and carry locations, and 14 broadline support business production facilities. The company was formerly known as USF Holding Corp. and changed its name to US Foods Holding Corp. in February 2016. US Foods Holding Corp. was incorporated in 2007 and is headquartered in Rosemont, Illinois.
