US Foods (NYSE:USFD) Hits New 52-Week High at $54.94

Shares of US Foods Holding Corp. (NYSE:USFD) reached a new 52-week high during trading on Wednesday . The company traded as high as $54.94 and last traded at $54.37, with a volume of 82291 shares traded. The stock had previously closed at $54.08.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Piper Sandler raised shares of US Foods from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $59.00 in a research report on Tuesday, February 20th. JPMorgan Chase & Co. lifted their price objective on shares of US Foods from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Truist Financial lifted their price objective on shares of US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. BMO Capital Markets lifted their target price on US Foods from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, BTIG Research lifted their target price on US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $54.42.

US Foods Stock Performance

The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 26.72, a P/E/G ratio of 0.91 and a beta of 1.58. The stock has a 50 day moving average of $50.02 and a 200 day moving average of $44.71. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The company had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. As a group, analysts anticipate that US Foods Holding Corp. will post 2.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other US Foods news, EVP David A. Rickard sold 50,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the completion of the transaction, the executive vice president now owns 148,561 shares of the company’s stock, valued at $7,802,423.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Trading of US Foods

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. bought a new position in US Foods in the 4th quarter valued at approximately $30,000. NewEdge Advisors LLC raised its stake in shares of US Foods by 67.4% during the first quarter. NewEdge Advisors LLC now owns 708 shares of the company’s stock valued at $26,000 after acquiring an additional 285 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of US Foods during the fourth quarter valued at $41,000. KB Financial Partners LLC bought a new position in shares of US Foods during the first quarter valued at $34,000. Finally, Anchor Investment Management LLC bought a new position in shares of US Foods during the fourth quarter valued at $47,000. 98.76% of the stock is currently owned by institutional investors.

US Foods Company Profile

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.