US Foods Holding Corp. (NYSE:USFD - Get Free Report)'s stock price 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 changing hands. The stock had previously closed at $78.64.
Analyst Upgrades and Downgrades
A number of analysts have commented on USFD shares. Guggenheim reaffirmed a "buy" rating and set a $80.00 price objective on shares of US Foods in a research note on Monday, May 12th. Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Barclays raised their price objective on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Morgan Stanley increased their price target on US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. increased their price target on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. One equities 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 MarketBeat, US Foods has a consensus rating of "Buy" and an average price target of $77.00.
Check Out Our Latest Report on US Foods
US Foods Price Performance
The stock's 50-day moving average is $75.50 and its 200-day moving average is $70.02. The firm has a market cap of $18.45 billion, a P/E ratio of 36.58, a price-to-earnings-growth ratio of 1.14 and a beta of 1.41. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 1.02.
US Foods (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). The company had revenue of $9.35 billion for the quarter, compared to the consensus estimate of $9.42 billion. US Foods had a return on equity of 15.58% and a net margin of 1.38%. The company's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.54 EPS. As a group, equities analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Insider Transactions at US Foods
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 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 of the company's stock, valued at $8,630,775. The trade was a 11.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.
Institutional Investors Weigh In On US Foods
Institutional investors and hedge funds have recently bought and sold shares of the business. Pallas Capital Advisors LLC boosted its stake in shares of US Foods by 6.6% in the 2nd quarter. Pallas Capital Advisors LLC now owns 20,238 shares of the company's stock valued at $1,559,000 after purchasing an additional 1,247 shares in the last quarter. Aaron Wealth Advisors LLC boosted its stake in shares of US Foods by 9.9% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 5,230 shares of the company's stock valued at $403,000 after purchasing an additional 471 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of US Foods in the 2nd quarter valued at $482,000. Parallel Advisors LLC boosted its stake in shares of US Foods by 13.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,945 shares of the company's stock valued at $150,000 after purchasing an additional 227 shares in the last quarter. Finally, OMNI 360 Wealth Inc. acquired a new stake in shares of US Foods in the 2nd quarter valued at $276,000. 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider US Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and US Foods wasn't on the list.
While US Foods currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
