Interval Partners LP Makes New Investment in US Foods Holding Corp. (NYSE:USFD)

Interval Partners LP bought a new position in US Foods Holding Corp. (NYSE:USFD) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 396,212 shares of the company’s stock, valued at approximately $21,384,000. Interval Partners LP owned about 0.16% of US Foods as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of USFD. Victory Capital Management Inc. raised its holdings in US Foods by 98.2% in the fourth quarter. Victory Capital Management Inc. now owns 9,220,688 shares of the company’s stock worth $418,711,000 after buying an additional 4,569,002 shares during the last quarter. Norges Bank purchased a new position in shares of US Foods during the fourth quarter valued at approximately $108,316,000. Vanguard Group Inc. raised its holdings in shares of US Foods by 3.6% during the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after purchasing an additional 796,434 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of US Foods during the first quarter valued at approximately $22,937,000. Finally, Public Employees Retirement Association of Colorado raised its holdings in shares of US Foods by 1,510.1% during the first quarter. Public Employees Retirement Association of Colorado now owns 441,405 shares of the company’s stock valued at $23,823,000 after purchasing an additional 413,991 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

USFD has been the subject of several research reports. Morgan Stanley boosted their price objective on shares of US Foods from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Wells Fargo & Company upped their target price on shares of US Foods from $63.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. UBS Group upped their target price on shares of US Foods from $64.00 to $67.00 and gave the company a “buy” rating in a report on Friday, May 10th. Truist Financial upped their target price on shares of US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, Piper Sandler upped their target price on shares of US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, June 7th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $62.00.

US Foods Price Performance

Shares of NYSE:USFD traded up $1.36 during midday trading on Tuesday, reaching $54.38. 1,629,270 shares of the company were exchanged, compared to its average volume of 1,757,428. The company has a current ratio of 1.31, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95. The business’s fifty day moving average is $52.86 and its two-hundred day moving average is $51.43. US Foods Holding Corp. has a one year low of $35.66 and a one year high of $55.98. The stock has a market cap of $13.37 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 0.86 and a beta of 1.62.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, May 9th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.93 billion. US Foods had a return on equity of 13.08% and a net margin of 1.41%. As a group, analysts predict that US Foods Holding Corp. will post 2.94 earnings per share for the current year.

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.