Oliver Luxxe Assets LLC Acquires 674 Shares of US Foods Holding Corp. (NYSE:USFD)

Oliver Luxxe Assets LLC raised its holdings in US Foods Holding Corp. (NYSE:USFD) by 1.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,919 shares of the company’s stock after acquiring an additional 674 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in US Foods were worth $3,504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of USFD. Foguth Wealth Management LLC. acquired a new position in shares of US Foods in the first quarter valued at about $201,000. Artemis Investment Management LLP acquired a new stake in US Foods during the first quarter worth about $20,997,000. Atlas Capital Advisors LLC grew its holdings in US Foods by 17.0% during the first quarter. Atlas Capital Advisors LLC now owns 7,727 shares of the company’s stock worth $417,000 after acquiring an additional 1,121 shares during the period. Davis Investment Partners LLC grew its holdings in US Foods by 1.0% during the first quarter. Davis Investment Partners LLC now owns 22,832 shares of the company’s stock worth $1,179,000 after acquiring an additional 222 shares during the period. Finally, Fulton Bank N.A. grew its holdings in US Foods by 7.3% during the first quarter. Fulton Bank N.A. now owns 9,206 shares of the company’s stock worth $497,000 after acquiring an additional 627 shares during the period. Institutional investors own 98.76% of the company’s stock.

US Foods Stock Performance

USFD stock traded down $0.58 during trading on Monday, hitting $52.40. The company had a trading volume of 516,285 shares, compared to its average volume of 1,786,198. The firm has a market cap of $12.88 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 0.87 and a beta of 1.62. US Foods Holding Corp. has a 1-year low of $35.66 and a 1-year high of $55.98. The firm has a 50-day moving average price of $53.00 and a 200-day moving average price of $50.42. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.95.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). US Foods had a net margin of 1.41% and a return on equity of 13.08%. The company had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.93 billion. On average, analysts expect that US Foods Holding Corp. will post 2.92 earnings per share for the current year.

Analyst Ratings Changes

USFD has been the topic of several analyst reports. BTIG Research raised their target price on US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Wells Fargo & Company raised their target price on US Foods from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Morgan Stanley raised their target price on US Foods from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. lifted their price objective on US Foods from $52.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. Finally, Truist Financial lifted 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. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $62.00.

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.