US Foods Holding Corp (NYSE:USFD) Sees Large Decrease in Short Interest

US Foods Holding Corp (NYSE:USFD) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 3,720,900 shares, a decrease of 6.6% from the May 15th total of 3,982,900 shares. Based on an average trading volume of 1,510,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.7% of the shares of the company are sold short.

NYSE:USFD opened at $36.17 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.82 and a debt-to-equity ratio of 0.99. The stock’s 50-day simple moving average is $36.10. The company has a market capitalization of $7.90 billion, a P/E ratio of 17.82, a PEG ratio of 1.97 and a beta of 0.58. US Foods has a one year low of $27.51 and a one year high of $40.92.

US Foods (NYSE:USFD) last posted its earnings results on Tuesday, May 7th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.96 billion. US Foods had a net margin of 1.69% and a return on equity of 14.10%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. As a group, equities research analysts predict that US Foods will post 2.18 earnings per share for the current year.

In related news, insider Keith D. Rohland sold 62,780 shares of US Foods stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $36.60, for a total value of $2,297,748.00. Following the transaction, the insider now directly owns 82,464 shares of the company’s stock, valued at $3,018,182.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dirk J. Locascio sold 21,332 shares of US Foods stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $37.85, for a total transaction of $807,416.20. Following the completion of the transaction, the chief financial officer now directly owns 58,708 shares in the company, valued at $2,222,097.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,589 shares of company stock worth $4,110,485. Insiders own 0.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co purchased a new stake in shares of US Foods during the 2nd quarter valued at approximately $76,000. Harbour Capital Advisors LLC lifted its stake in shares of US Foods by 34.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 12,350 shares of the company’s stock valued at $442,000 after buying an additional 3,150 shares in the last quarter. WINTON GROUP Ltd increased its holdings in US Foods by 6.3% during the 2nd quarter. WINTON GROUP Ltd now owns 13,394 shares of the company’s stock worth $479,000 after acquiring an additional 799 shares during the period. Cerebellum GP LLC increased its holdings in US Foods by 19.7% during the 1st quarter. Cerebellum GP LLC now owns 6,873 shares of the company’s stock worth $240,000 after acquiring an additional 1,131 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in US Foods by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 1,777,897 shares of the company’s stock worth $62,066,000 after acquiring an additional 21,238 shares during the period. Institutional investors and hedge funds own 96.17% of the company’s stock.

USFD has been the topic of a number of research analyst reports. Pivotal Research restated a “hold” rating and issued a $32.00 target price on shares of US Foods in a research report on Thursday, May 9th. Zacks Investment Research lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Finally, Buckingham Research set a $19.00 target price on shares of Adient and gave the company a “sell” rating in a research report on Wednesday, May 8th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $39.80.

US Foods Company Profile

US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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.

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