22,000 Shares in US Foods Holding Corp. (NYSE:USFD) Bought by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. bought a new position in US Foods Holding Corp. (NYSE:USFD) during the second quarter, HoldingsChannel reports. The firm bought 22,000 shares of the company’s stock, valued at approximately $1,166,000.

Other large investors have also bought and sold shares of the company. Acadian Asset Management LLC bought a new position in US Foods during the 2nd quarter valued at $25,000. Redmont Wealth Advisors LLC bought a new position in US Foods during the 1st quarter valued at $27,000. Rise Advisors LLC bought a new position in US Foods during the 1st quarter valued at $30,000. International Assets Investment Management LLC bought a new position in US Foods during the 2nd quarter valued at $30,000. Finally, Headlands Technologies LLC bought a new position in US Foods during the 1st quarter valued at $50,000. 98.76% of the stock is currently owned by institutional investors.

US Foods Trading Up 2.1 %

Shares of USFD opened at $61.01 on Tuesday. The business has a 50-day moving average of $55.25 and a 200 day moving average of $53.66. US Foods Holding Corp. has a fifty-two week low of $35.66 and a fifty-two week high of $61.11. The firm has a market cap of $14.92 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 0.97 and a beta of 1.66. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The company had revenue of $9.71 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same quarter last year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, research analysts forecast that US Foods Holding Corp. will post 2.9 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on USFD shares. StockNews.com cut US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. lifted their target price on US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft lifted their target price on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Truist Financial lifted their target price on US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Finally, Wells Fargo & Company lifted their target price on US Foods from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.50.

Insider Buying and Selling

In related news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.

US Foods 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.