US Meals (NYSE:USFD) Shares Hole Down Following Weak Earnings

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Shares of US Meals Holding Corp. (NYSE:USFD) gapped down previous to buying and selling on Thursday after the corporate introduced weaker than anticipated quarterly earnings. The inventory had beforehand closed at $39.28, however opened at $37.11. US Meals shares final traded at $38.74, with a quantity of 10,889 shares altering palms.

The corporate reported $0.38 earnings per share for the quarter, lacking analysts’ consensus estimates of $0.39 by ($0.01). US Meals had a return on fairness of 9.52% and a web margin of 0.30%. The corporate had income of $7.64 billion for the quarter, in comparison with analyst estimates of $7.61 billion. Throughout the identical interval within the earlier yr, the enterprise posted $0.05 EPS. The agency’s quarterly income was up 24.5% in comparison with the identical quarter final yr.

Plenty of analysts have not too long ago weighed in on USFD shares. Credit score Suisse Group raised their worth goal on shares of US Meals from $44.00 to $46.00 and gave the inventory an “outperform” ranking in a analysis report on Friday. Barclays decreased their worth goal on shares of US Meals from $38.00 to $35.00 and set an “equal weight” ranking for the corporate in a report on Wednesday, December fifteenth. Deutsche Financial institution Aktiengesellschaft initiated protection on shares of US Meals in a report on Tuesday, January 18th. They issued a “purchase” ranking and a $44.00 worth goal for the corporate. JPMorgan Chase & Co. decreased their worth goal on shares of US Meals from $44.00 to $40.00 and set a “impartial” ranking for the corporate in a report on Friday, December seventeenth. Lastly, Zacks Funding Analysis downgraded shares of US Meals from a “maintain” ranking to a “robust promote” ranking in a report on Friday, February 4th. One analysis analyst has rated the inventory with a promote ranking, 4 have issued a maintain ranking and 5 have assigned a purchase ranking to the corporate. In accordance with knowledge from MarketBeat, US Meals at the moment has a consensus ranking of “Maintain” and a mean worth goal of $41.70.

A number of hedge funds and different institutional traders have not too long ago modified their holdings of the inventory. Sachem Head Capital Administration LP raised its stake in shares of US Meals by 197.0% through the fourth quarter. Sachem Head Capital Administration LP now owns 20,209,852 shares of the corporate’s inventory valued at $703,909,000 after buying a further 13,406,300 shares within the final quarter. Boston Companions grew its holdings in US Meals by 11.2% through the fourth quarter. Boston Companions now owns 12,618,051 shares of the corporate’s inventory value $439,563,000 after buying a further 1,266,175 shares through the interval. Bessemer Group Inc. grew its holdings in US Meals by 2.1% through the fourth quarter. Bessemer Group Inc. now owns 7,439,354 shares of the corporate’s inventory value $259,112,000 after buying a further 154,663 shares through the interval. Nordea Funding Administration AB grew its holdings in US Meals by 110.3% through the third quarter. Nordea Funding Administration AB now owns 6,346,416 shares of the corporate’s inventory value $226,314,000 after buying a further 3,329,267 shares through the interval. Lastly, CI Investments Inc. grew its holdings in US Meals by 31.1% through the third quarter. CI Investments Inc. now owns 6,137,967 shares of the corporate’s inventory value $212,742,000 after buying a further 1,456,431 shares through the interval.

The enterprise has a fifty day shifting common of $35.45 and a 200-day shifting common of $34.78. The inventory has a market capitalization of $8.56 billion, a price-to-earnings ratio of 256.22, a price-to-earnings-growth ratio of 0.72 and a beta of 1.72. The corporate has a debt-to-equity ratio of 1.45, a present ratio of 1.48 and a fast ratio of 0.94.

About US Meals (NYSE:USFD)

US Meals Holding Corp. operates as a foodservice distributor. Its merchandise embrace frozen and dry meals and non-food merchandise to foodservice clients all through the U.S. The corporate provides companies underneath manufacturers Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Choice, Cross Valley Farms, Harbor Banks, Hilltop Fireside, Devonshire, and Metro Deli.

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