US Foods Holding Corp. (NYSE:USFD - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company 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 research analysts have recently commented on the stock. Morgan Stanley boosted their price target on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Guggenheim reissued a "buy" rating and issued a $80.00 price target on shares of US Foods in a research note on Monday, May 12th. Citigroup assumed coverage on shares of US Foods in a research note on Thursday, May 22nd. They set a "buy" rating and a $95.00 price objective for the company. Finally, Barclays upped their price objective on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. One 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 stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $77.00.
View Our Latest Research Report on US Foods
US Foods Trading Up 0.5%
The firm has a market cap of $18.56 billion, a PE ratio of 36.80, a PEG ratio of 1.15 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. The stock's fifty day simple moving average is $76.06 and its two-hundred day simple moving average 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 company had revenue of $9.35 billion during the quarter, compared to analysts' expectations of $9.42 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, sell-side analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Insiders Place Their Bets
In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 115,077 shares in the company, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company's stock.
Institutional Trading of US Foods
Several institutional investors and hedge funds have recently modified their holdings of USFD. Colonial Trust Co SC bought a new stake in US Foods in the 4th quarter valued at $25,000. GeoWealth Management LLC boosted its stake in shares of US Foods by 94.5% during the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after purchasing an additional 189 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of US Foods during the 1st quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its position in US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after buying an additional 178 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in US Foods in the 4th quarter valued at about $32,000. 98.76% of the stock is currently owned by institutional investors.
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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