US Foods (NYSE:USFD) Releases Earnings Results

US Foods (NYSE:USFD) released its quarterly earnings results on Thursday. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02, Briefing.com reports. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.18 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%.US Foods’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS.

US Foods Price Performance

Shares of NYSE USFD traded down $2.74 during mid-day trading on Thursday, reaching $71.36. The company’s stock had a trading volume of 3,488,979 shares, compared to its average volume of 1,706,437. The stock has a 50-day moving average of $76.28 and a two-hundred day moving average of $76.54. The stock has a market capitalization of $16.07 billion, a P/E ratio of 30.50, a P/E/G ratio of 1.04 and a beta of 1.34. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17. US Foods has a 1-year low of $57.36 and a 1-year high of $85.11.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $87.00 target price (up from $80.00) on shares of US Foods in a research note on Friday, August 8th. Guggenheim upped their target price on US Foods from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Sanford C. Bernstein initiated coverage on shares of US Foods in a research report on Wednesday, October 22nd. They set an “outperform” rating and a $95.00 price objective for the company. Wall Street Zen upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of US Foods in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, US Foods has a consensus rating of “Buy” and an average target price of $82.42.

Institutional Trading of US Foods

Hedge funds have recently bought and sold shares of the business. Holocene Advisors LP acquired a new stake in shares of US Foods in the second quarter valued at approximately $64,220,000. AQR Capital Management LLC increased its holdings in shares of US Foods by 14.7% in the second quarter. AQR Capital Management LLC now owns 2,910,755 shares of the company’s stock valued at $224,157,000 after purchasing an additional 373,321 shares during the last quarter. Sei Investments Co. increased its holdings in shares of US Foods by 31.4% in the second quarter. Sei Investments Co. now owns 602,769 shares of the company’s stock valued at $46,420,000 after purchasing an additional 143,971 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of US Foods by 49.0% in the second quarter. BNP Paribas Financial Markets now owns 366,860 shares of the company’s stock valued at $28,252,000 after purchasing an additional 120,583 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of US Foods by 5,100.5% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 76,135 shares of the company’s stock worth $5,863,000 after acquiring an additional 74,671 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Company Profile

US Foods Holding Corp., together with its subsidiaries, 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.