US Foods (NYSE:USFD) Hits New 1-Year High at $55.24

US Foods Holding Corp. (NYSE:USFD)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $55.24 and last traded at $54.89, with a volume of 888198 shares traded. The stock had previously closed at $52.38.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Truist Financial boosted their price target 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. Morgan Stanley raised their target price on US Foods from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. upped their price target on shares of US Foods from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Finally, BTIG Research lifted their price target on shares of US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $54.92.

US Foods Price Performance

The stock has a market capitalization of $13.39 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 0.86 and a beta of 1.58. The stock’s 50 day simple moving average is $52.16 and its 200-day simple moving average is $47.33. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.30 and a quick ratio of 0.78.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). US Foods had a return on equity of 13.41% and a net margin of 1.42%. The company had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.81 billion. On average, analysts expect that US Foods Holding Corp. will post 2.92 EPS for the current fiscal year.

Insider Transactions at US Foods

In related news, EVP David A. Rickard sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following 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 Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of US Foods

Several institutional investors have recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new position in shares of US Foods in the first quarter valued at about $27,000. Blue Trust Inc. acquired a new stake in US Foods in the 4th quarter valued at about $30,000. Rise Advisors LLC bought a new position in shares of US Foods in the first quarter worth about $30,000. GAMMA Investing LLC acquired a new position in shares of US Foods during the fourth quarter worth approximately $41,000. Finally, Fifth Third Bancorp increased its holdings in shares of US Foods by 36.1% in the third quarter. Fifth Third Bancorp now owns 1,191 shares of the company’s stock valued at $47,000 after purchasing an additional 316 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

About US Foods

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.