US Foods Holding Corp. (NYSE:USFD - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as $85.11 and last traded at $84.00, with a volume of 1377049 shares trading hands. The stock had previously closed at $84.12.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on USFD shares. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Barclays upped their price target on shares of US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Morgan Stanley restated an "overweight" rating and set a $89.00 price target (up from $84.00) on shares of US Foods in a report on Monday, July 14th. UBS Group increased their target price on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $77.42.
Get Our Latest Report on USFD
US Foods Stock Performance
The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The business's fifty day moving average is $78.31 and its two-hundred day moving average is $71.20. The stock has a market capitalization of $19.03 billion, a PE ratio of 37.72, a price-to-earnings-growth ratio of 1.18 and a beta of 1.41.
US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings data 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 return on equity of 15.58% and a net margin of 1.38%. The business had revenue of $9.35 billion during the quarter, compared to analysts' expectations of $9.42 billion. During the same period last year, the company earned $0.54 earnings per share. The firm's revenue was up 4.5% compared to the same quarter last year. As a group, research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Insider Buying and Selling
In other news, EVP Dirk J. Locascio sold 7,500 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $600,000.00. Following the transaction, the executive vice president owned 115,077 shares in the company, valued at $9,206,160. This trade represents a 6.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.60% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC increased its position in shares of US Foods by 7.3% during the 2nd quarter. Verdence Capital Advisors LLC now owns 64,255 shares of the company's stock worth $4,948,000 after purchasing an additional 4,374 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of US Foods during the second quarter worth about $255,000. CWM LLC lifted its stake in US Foods by 29.2% during the second quarter. CWM LLC now owns 64,502 shares of the company's stock worth $4,967,000 after purchasing an additional 14,577 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in US Foods by 7.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 29,934 shares of the company's stock valued at $2,306,000 after purchasing an additional 1,962 shares in the last quarter. Finally, Lindenwold Advisors INC acquired a new position in US Foods in the second quarter valued at approximately $312,000. 98.76% of the stock is owned by institutional investors and hedge funds.
US Foods Company Profile
(
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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