US Foods Holding Corp (NYSE:USFD) Sees Large Increase in Short Interest

US Foods Holding Corp (NYSE:USFD) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 2,540,000 shares, a growth of 29.6% from the September 30th total of 1,960,000 shares. Based on an average trading volume of 1,900,000 shares, the short-interest ratio is presently 1.3 days. Approximately 1.2% of the company’s stock are sold short.

In other news, CEO Pietro Satriano sold 184,666 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.23, for a total value of $7,244,447.18. Following the completion of the transaction, the chief executive officer now owns 275,499 shares of the company’s stock, valued at approximately $10,807,825.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP boosted its stake in US Foods by 192.1% during the 2nd quarter. Marshall Wace LLP now owns 1,738,425 shares of the company’s stock valued at $62,166,000 after purchasing an additional 1,143,259 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of US Foods by 4.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,157,807 shares of the company’s stock worth $41,404,000 after buying an additional 46,236 shares during the last quarter. Comerica Bank boosted its stake in shares of US Foods by 169.5% in the 2nd quarter. Comerica Bank now owns 33,525 shares of the company’s stock worth $1,198,000 after buying an additional 21,084 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of US Foods by 13.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 343,319 shares of the company’s stock worth $12,270,000 after buying an additional 39,852 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of US Foods by 128.8% in the 2nd quarter. Bank of Montreal Can now owns 322,303 shares of the company’s stock worth $11,526,000 after buying an additional 181,427 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised US Foods from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a research report on Friday, October 11th. Buckingham Research raised their price objective on US Foods from $48.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Credit Suisse Group raised their price objective on US Foods from $42.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Bank of America raised their price objective on US Foods from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Barclays raised their price objective on US Foods from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Thursday, September 12th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $43.71.

USFD stock traded up $0.18 on Tuesday, reaching $39.09. 5,840 shares of the company traded hands, compared to its average volume of 1,836,253. US Foods has a one year low of $29.55 and a one year high of $43.10. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.40 and a quick ratio of 0.82. The company has a market cap of $8.54 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 1.96 and a beta of 0.47. The firm has a fifty day simple moving average of $40.37 and a 200-day simple moving average of $38.25.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. US Foods had a return on equity of 14.40% and a net margin of 1.57%. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.53 billion. During the same quarter last year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts forecast that US Foods will post 2.31 EPS for the current year.

About US Foods

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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