US Foods (NYSE:USFD) Reaches New 52-Week High - Here's What Happened

Shares of US Foods Holding Corp. (NYSE:USFD - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $78.18 and last traded at $77.51, with a volume of 123936 shares trading hands. The stock had previously closed at $77.59.

Analyst Upgrades and Downgrades

USFD has been the subject of several recent analyst reports. Truist Financial raised their target price on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their target price on US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. Morgan Stanley raised their price objective on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Guggenheim reaffirmed a "buy" rating and set a $80.00 price objective on shares of US Foods in a research report on Monday, May 12th. Finally, UBS Group raised their price objective on shares of US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $75.92.

US Foods Stock Down 0.4%

The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The stock has a 50 day simple moving average of $67.43 and a 200 day simple moving average of $68.25. The stock has a market cap of $17.87 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 1.03 and a beta of 1.35.

US Foods (NYSE:USFD - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share 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 company had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. During the same quarter in the prior year, the business earned $0.54 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Activity

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the transaction, the executive vice president now owns 115,077 shares of the company's stock, valued at approximately $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company's stock.

Institutional Trading of US Foods

Several hedge funds have recently made changes to their positions in the company. Colonial Trust Co SC bought a new position in US Foods in the 4th quarter worth about $25,000. GeoWealth Management LLC boosted its holdings in shares of US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after purchasing an additional 189 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of US Foods in the 1st quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of US Foods by 59.5% in 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 in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in shares of US Foods in the 4th quarter worth about $32,000. 98.76% of the stock is currently owned by institutional investors.

US Foods Company Profile

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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