Savoir Faire Capital Management L.P. Invests $1.17 Million in US Foods Holding Corp. (NYSE:USFD)

Savoir Faire Capital Management L.P. bought a new position in US Foods Holding Corp. (NYSE:USFD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,000 shares of the company’s stock, valued at approximately $1,166,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lord Abbett & CO. LLC acquired a new position in shares of US Foods in the first quarter valued at approximately $22,937,000. Janus Henderson Group PLC increased its stake in shares of US Foods by 46.3% in the first quarter. Janus Henderson Group PLC now owns 162,338 shares of the company’s stock valued at $8,759,000 after buying an additional 51,402 shares during the period. Entropy Technologies LP acquired a new position in shares of US Foods in the first quarter valued at approximately $232,000. Artemis Investment Management LLP acquired a new position in shares of US Foods in the first quarter valued at approximately $20,997,000. Finally, Vanguard Group Inc. increased its stake in shares of US Foods by 3.6% in the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after buying an additional 796,434 shares during the period. Institutional investors own 98.76% of the company’s stock.

Insider Transactions at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction 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 accessible through this link. Insiders own 0.70% of the company’s stock.

US Foods Stock Performance

Shares of USFD stock opened at $61.01 on Tuesday. The company has a market cap of $14.92 billion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 0.97 and a beta of 1.66. US Foods Holding Corp. has a 52 week low of $35.66 and a 52 week high of $61.11. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $55.25 and a 200-day moving average of $53.66.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on USFD. Truist Financial upped their price objective on US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. StockNews.com downgraded US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft increased their target price on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their target price on shares of US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Piper Sandler increased their target price on shares of US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, June 7th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.50.

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.