Tensile Capital Management LP Has $57.09 Million Position in US Foods Holding Corp. (NYSE:USFD)

Tensile Capital Management LP decreased its position in shares of US Foods Holding Corp. (NYSE:USFD) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 846,314 shares of the company’s stock after selling 85,000 shares during the quarter. US Foods makes up approximately 5.9% of Tensile Capital Management LP’s portfolio, making the stock its 6th biggest position. Tensile Capital Management LP owned 0.36% of US Foods worth $57,092,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Colonial Trust Co SC bought a new position in shares of US Foods during the fourth quarter valued at $25,000. GeoWealth Management LLC increased its holdings in US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares during the period. EverSource Wealth Advisors LLC raised its position in US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after purchasing an additional 178 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in US Foods during the 4th quarter worth $32,000. Finally, True Wealth Design LLC lifted its holdings in US Foods by 153.6% during the 4th quarter. True Wealth Design LLC now owns 492 shares of the company’s stock worth $33,000 after buying an additional 298 shares during the period. Institutional investors own 98.76% of the company’s stock.

Insider Activity

In other US Foods news, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $71.06 per share, with a total value of $284,240.00. Following the transaction, the director now owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on USFD shares. Truist Financial lifted their price objective on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Barclays boosted their price target on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Piper Sandler lifted their target price on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. UBS Group boosted their target price on shares of US Foods from $83.00 to $84.00 and gave the company a “buy” rating in a report on Friday, May 9th. Finally, Guggenheim reiterated a “buy” rating and set a $80.00 price target on shares of US Foods in a report on Monday, May 12th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $73.00.

US Foods Price Performance

Shares of NYSE USFD opened at $76.64 on Friday. The firm has a market capitalization of $17.73 billion, a P/E ratio of 37.94, a P/E/G ratio of 1.03 and a beta of 1.35. The firm’s 50-day moving average price is $65.78 and its 200-day moving average price is $67.63. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 1-year low of $50.05 and a 1-year high of $76.92.

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

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.