Brighton Jones LLC Invests $814,000 in US Foods Holding Corp. $USFD

Brighton Jones LLC purchased a new position in shares of 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 firm purchased 10,572 shares of the company’s stock, valued at approximately $814,000.

A number of other hedge funds have also made changes to their positions in USFD. GAMMA Investing LLC boosted its holdings in US Foods by 16.0% in the first quarter. GAMMA Investing LLC now owns 3,458 shares of the company’s stock worth $226,000 after purchasing an additional 478 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in US Foods by 14.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company’s stock worth $622,000 after purchasing an additional 1,200 shares during the period. KBC Group NV boosted its holdings in shares of US Foods by 11.7% during the first quarter. KBC Group NV now owns 10,023 shares of the company’s stock valued at $656,000 after acquiring an additional 1,052 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of US Foods by 10.4% during the first quarter. New York State Teachers Retirement System now owns 160,268 shares of the company’s stock valued at $10,491,000 after acquiring an additional 15,105 shares during the period. Finally, New Millennium Group LLC boosted its holdings in shares of US Foods by 3.1% during the first quarter. New Millennium Group LLC now owns 23,830 shares of the company’s stock valued at $1,560,000 after acquiring an additional 713 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Price Performance

Shares of NYSE USFD opened at $74.44 on Wednesday. US Foods Holding Corp. has a twelve month low of $57.36 and a twelve month high of $85.11. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $16.76 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 1.04 and a beta of 1.36. The firm has a 50-day moving average of $76.95 and a two-hundred day moving average of $76.12.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $10.17 billion. During the same period in the prior year, the company earned $0.93 EPS. US Foods’s revenue was up 3.8% on a year-over-year basis. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Guggenheim boosted their price target on shares of US Foods from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, August 11th. Morgan Stanley reissued an “overweight” rating and set a $89.00 price target (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. Weiss Ratings restated a “buy (b+)” rating on shares of US Foods in a research note on Tuesday, October 14th. Wall Street Zen upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Finally, UBS Group lifted their price objective on shares of US Foods from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $82.42.

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.