Driehaus Capital Management LLC Lowers Position in US Foods Holding Corp. (NYSE:USFD)

Driehaus Capital Management LLC decreased its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 4.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,103 shares of the company’s stock after selling 298 shares during the period. Driehaus Capital Management LLC’s holdings in US Foods were worth $479,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Colonial Trust Co SC purchased a new position in US Foods during the fourth quarter valued at approximately $25,000. GeoWealth Management LLC boosted its position in US Foods by 94.5% during the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of US Foods in the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC increased its holdings in shares of US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after acquiring an additional 178 shares during the period. Finally, R Squared Ltd bought a new position in shares of US Foods in the 4th quarter worth $34,000. Institutional investors own 98.76% of the company’s stock.

Insider Activity

In other news, Director David W. Bullock bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the purchase, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

US Foods Stock Performance

Shares of USFD stock opened at $71.64 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. US Foods Holding Corp. has a 1 year low of $50.05 and a 1 year high of $73.19. The firm has a market capitalization of $16.51 billion, a price-to-earnings ratio of 35.47, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The business has a fifty day moving average of $64.89 and a 200 day moving average of $67.15.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). The business had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.42 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. As a group, research analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Analysts Set New Price Targets

USFD has been the topic of several analyst reports. Truist Financial lifted their target price on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. StockNews.com downgraded shares of US Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. UBS Group increased their target price on shares of US Foods from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Friday. Piper Sandler raised their target price on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, Barclays upped their price target on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, US Foods currently has a consensus rating of “Buy” and an average price target of $73.00.

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.