Sage Rhino Capital LLC Purchases Shares of 3,227 US Foods Holding Corp. (NYSE:USFD)

Sage Rhino Capital LLC acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,227 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds have also made changes to their positions in USFD. Legacy Wealth Asset Management LLC raised its stake in US Foods by 4.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock worth $279,000 after acquiring an additional 160 shares in the last quarter. Bank of Montreal Can increased its position in shares of US Foods by 0.3% during the third quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock worth $4,022,000 after purchasing an additional 171 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of US Foods by 54.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after purchasing an additional 202 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of US Foods by 2.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company’s stock valued at $588,000 after purchasing an additional 206 shares during the period. Finally, CIBC Asset Management Inc grew its stake in US Foods by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock worth $436,000 after buying an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Activity

In other news, Director David W. Bullock purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the acquisition, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. The trade was a 800.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on USFD. Melius Research upgraded US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Piper Sandler increased their price target on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Morgan Stanley raised their price objective on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. UBS Group upped their target price on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group raised their price target on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $70.33.

US Foods Stock Performance

NYSE USFD opened at $70.07 on Tuesday. The stock has a market capitalization of $16.14 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 1.03 and a beta of 1.67. The business’s 50 day moving average is $69.47 and its two-hundred day moving average is $65.46. US Foods Holding Corp. has a 12-month low of $49.65 and a 12-month high of $73.19. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The business had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. Research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

About US Foods

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.