Shares of US Foods Holding Corp. (NYSE:USFD - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $79.71 and last traded at $79.43, with a volume of 550016 shares traded. The stock had previously closed at $78.64.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on USFD shares. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Citigroup started coverage on shares of US Foods in a research report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price objective on the stock. UBS Group upped 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. Morgan Stanley upped 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. Finally, Guggenheim restated a "buy" rating and issued a $80.00 price objective on shares of US Foods in a research report on Monday, May 12th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $77.00.
Get Our Latest Report on USFD
US Foods Price 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 stock has a market cap of $18.65 billion, a P/E ratio of 36.98, a PEG ratio of 1.15 and a beta of 1.41. The firm's fifty day moving average price is $76.06 and its 200-day moving average price is $70.18.
US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). US Foods had a return on equity of 15.58% and a net margin of 1.38%. The firm 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 posted $0.54 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. Analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Insider Activity
In related news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total value of $1,125,000.00. Following the sale, the executive vice president owned 115,077 shares in the company, valued at $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The transaction 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
Large investors have recently added to or reduced their stakes in the stock. Colonial Trust Co SC bought a new stake in US Foods in the fourth quarter valued at $25,000. GeoWealth Management LLC boosted its holdings in US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after acquiring an additional 189 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in US Foods in the first quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its holdings in US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after acquiring an additional 178 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in US Foods in the fourth quarter valued at $32,000. Institutional investors own 98.76% of the company's stock.
US Foods Company Profile
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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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