US Foods (USFD) Stock Price Up 13% After Earnings Beat

US Foods Holding Corp (NYSE:USFD) rose 13% during trading on Tuesday following a stronger than expected earnings report. The company traded as high as $32.41 and last traded at $31.63. Approximately 7,640,270 shares were traded during mid-day trading, an increase of 181% from the average daily volume of 2,719,211 shares. The stock had previously closed at $27.99.

The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. US Foods had a return on equity of 12.66% and a net margin of 2.25%. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The business’s revenue was down .8% on a year-over-year basis.

USFD has been the subject of a number of research analyst reports. Zacks Investment Research cut US Foods from a “hold” rating to a “sell” rating in a report on Saturday. Morgan Stanley reduced their price objective on US Foods from $43.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, July 31st. TheStreet cut US Foods from a “b-” rating to a “c+” rating in a report on Wednesday, September 5th. Citigroup reduced their price objective on US Foods from $45.00 to $39.00 and set a “buy” rating for the company in a report on Friday, August 17th. Finally, Buckingham Research initiated coverage on US Foods in a report on Monday, October 22nd. They set a “neutral” rating and a $32.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $38.07.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in USFD. First Mercantile Trust Co. acquired a new stake in shares of US Foods in the second quarter valued at approximately $122,000. SG Americas Securities LLC acquired a new stake in shares of US Foods in the second quarter valued at approximately $123,000. Nisa Investment Advisors LLC acquired a new stake in shares of US Foods in the second quarter valued at approximately $189,000. First Hawaiian Bank acquired a new stake in shares of US Foods in the third quarter valued at approximately $190,000. Finally, First Republic Investment Management Inc. acquired a new stake in shares of US Foods in the second quarter valued at approximately $203,000.

The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 0.60 and a beta of 0.36.

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About US Foods (NYSE:USFD)

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. Its 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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