Comerica Financial institution raised its holdings in shares of US Meals Holding Corp. (NYSE:USFD – Get Ranking) by 115.3% throughout the third quarter, in accordance with the corporate in its most up-to-date disclosure with the Securities and Alternate Fee. The institutional investor owned 401,127 shares of the corporate’s inventory after buying an extra 214,810 shares throughout the interval. Comerica Financial institution owned 0.18% of US Meals price $13,703,000 on the finish of the latest quarter.
Different hedge funds have additionally modified their holdings of the corporate. Pacer Advisors Inc. acquired a brand new place in shares of US Meals throughout the third quarter price $65,000. Metropolitan Life Insurance coverage Co NY acquired a brand new place in shares of US Meals throughout the second quarter price $175,000. Maverick Capital Ltd. acquired a brand new place in shares of US Meals throughout the second quarter price $182,000. Ossiam elevated its place in shares of US Meals by 12.4% within the third quarter. Ossiam now owns 4,862 shares of the corporate’s inventory valued at $169,000 after buying an extra 536 shares throughout the interval. Lastly, First Hawaiian Financial institution elevated its place in shares of US Meals by 6.3% within the third quarter. First Hawaiian Financial institution now owns 5,793 shares of the corporate’s inventory valued at $201,000 after buying an extra 343 shares throughout the interval.
A number of equities analysts lately issued experiences on the corporate. StockNews.com downgraded US Meals from a “purchase” score to a “maintain” score in a analysis report on Monday, February twenty first. Credit score Suisse Group upped their goal value on US Meals from $44.00 to $46.00 and gave the corporate an “outperform” score in a analysis report on Friday, February 18th. Barclays lower their goal value on US Meals from $38.00 to $35.00 and set an “equal weight” score on the inventory in a analysis report on Wednesday, December fifteenth. Truist Monetary assumed protection on US Meals in a analysis report on Tuesday, February 1st. They issued a “purchase” score and a $43.00 goal value on the inventory. Lastly, Deutsche Financial institution Aktiengesellschaft initiated protection on US Meals in a analysis report on Tuesday, January 18th. They issued a “purchase” score and a $44.00 goal value on the inventory. One analysis analyst has rated the inventory with a promote score, 5 have issued a maintain score and 5 have issued a purchase score to the corporate’s inventory. In accordance with MarketBeat, US Meals presently has a consensus score of “Maintain” and a consensus goal value of $41.70.
Shares of US Meals inventory opened at $39.30 on Friday. The agency has a market capitalization of $8.76 billion, a PE ratio of 262.02, a P/E/G ratio of 0.72 and a beta of 1.72. US Meals Holding Corp. has a twelve month low of $30.02 and a twelve month excessive of $42.10. The agency’s 50-day transferring common value is $36.08 and its 200 day transferring common value is $34.92. The corporate has a present ratio of 1.48, a fast ratio of 0.94 and a debt-to-equity ratio of 1.45.
US Meals (NYSE:USFD – Get Ranking) final issued its quarterly earnings outcomes on Wednesday, February sixteenth. The corporate reported $0.38 earnings per share for the quarter, lacking the Zacks’ consensus estimate of $0.39 by ($0.01). The corporate had income of $7.64 billion throughout the quarter, in comparison with analysts’ expectations of $7.61 billion. US Meals had a internet margin of 0.30% and a return on fairness of 9.52%. The corporate’s quarterly income was up 24.5% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the enterprise posted $0.05 earnings per share. On common, sell-side analysts predict that US Meals Holding Corp. will submit 1.46 EPS for the present fiscal yr.
About US Meals (Get Ranking)
US Meals Holding Corp. operates as a foodservice distributor. Its merchandise embrace frozen and dry meals and non-food merchandise to foodservice prospects all through the U.S. The corporate gives providers below manufacturers Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Choice, Cross Valley Farms, Harbor Banks, Hilltop Fireplace, Devonshire, and Metro Deli.
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