US Foods Holding Corp. (NYSE:USFD - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $78.18 and last traded at $77.51, with a volume of 123936 shares. The stock had previously closed at $77.59.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Piper Sandler raised their price objective on 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 raised their price objective on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. raised their price objective on US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. Truist Financial raised 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. Finally, Citigroup assumed coverage on US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price objective for the company. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, US Foods presently has a consensus rating of "Buy" and a consensus price target of $75.92.
Get Our Latest Stock Report on US Foods
US Foods Stock Performance
The firm has a 50-day moving average of $68.24 and a two-hundred day moving average of $68.49. 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 company has a market capitalization of $18.33 billion, a PE ratio of 39.21, a PEG ratio of 1.03 and a beta of 1.35.
US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.01). The company had revenue of $9.35 billion for the quarter, compared to analysts' expectations of $9.42 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. Research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.
Insider Transactions at US Foods
In other news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction that occurred 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 sale, the executive vice president now directly owns 115,077 shares of the company's stock, valued at $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.60% of the company's stock.
Institutional Trading of US Foods
A number of institutional investors have recently made changes to their positions in USFD. Boston Partners boosted its stake in US Foods by 29.1% during the first quarter. Boston Partners now owns 16,457,351 shares of the company's stock worth $1,076,225,000 after buying an additional 3,713,345 shares during the last quarter. Norges Bank acquired a new position in US Foods during the fourth quarter worth $211,300,000. Artisan Partners Limited Partnership acquired a new position in US Foods during the fourth quarter worth $171,107,000. Burgundy Asset Management Ltd. acquired a new position in US Foods during the first quarter worth $110,245,000. Finally, Jupiter Asset Management Ltd. acquired a new position in US Foods during the first quarter worth $91,087,000. 98.76% of the stock is owned by institutional investors and hedge funds.
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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