US Foods Holding Corp. (NYSE:USFD - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $55.86 and last traded at $55.77, with a volume of 176822 shares trading hands. The stock had previously closed at $55.05.
Analyst Ratings Changes
A number of brokerages recently issued reports on USFD. Morgan Stanley upped their price target on US Foods from $62.00 to $64.00 and gave the company an "overweight" rating in a report on Friday, May 10th. BTIG Research upped their price target on US Foods from $52.00 to $62.00 and gave the company a "buy" rating in a report on Tuesday, March 19th. Piper Sandler raised US Foods from a "neutral" rating to an "overweight" rating and upped their price target for the company from $45.00 to $59.00 in a report on Tuesday, February 20th. StockNews.com raised US Foods from a "buy" rating to a "strong-buy" rating in a report on Friday, February 23rd. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $62.00 price objective (up from $58.00) on shares of US Foods in a report on Friday, May 10th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $60.56.
View Our Latest Analysis on USFD
US Foods Price Performance
The company has a debt-to-equity ratio of 0.95, a current ratio of 1.31 and a quick ratio of 0.81. The company has a 50 day moving average price of $52.50 and a 200 day moving average price of $48.00. The firm has a market cap of $13.51 billion, a PE ratio of 27.06, a PEG ratio of 0.91 and a beta of 1.58.
US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). US Foods had a return on equity of 13.08% and a net margin of 1.41%. The company had revenue of $8.94 billion for the quarter, compared to analysts' expectations of $8.81 billion. Sell-side analysts expect that US Foods Holding Corp. will post 2.92 EPS for the current fiscal year.
Insider Transactions at US Foods
In other US Foods news, EVP David A. Rickard sold 50,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total value of $2,626,000.00. Following the completion of the transaction, the executive vice president now owns 148,561 shares in the company, valued at $7,802,423.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.70% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Redmont Wealth Advisors LLC purchased a new position in shares of US Foods in the first quarter valued at $27,000. Blue Trust Inc. purchased a new position in shares of US Foods in the fourth quarter valued at $30,000. Rise Advisors LLC purchased a new position in shares of US Foods in the first quarter valued at $30,000. GAMMA Investing LLC purchased a new position in shares of US Foods in the fourth quarter valued at $41,000. Finally, Fifth Third Bancorp increased its position in shares of US Foods by 36.1% in the third quarter. Fifth Third Bancorp now owns 1,191 shares of the company's stock valued at $47,000 after buying an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.
About US Foods
(
Get Free Report)
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.
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