US Foods (NYSE:USFD) Reaches New 12-Month High on Strong Earnings

US Foods Holding Corp. (NYSE:USFD) shares hit a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $110.09 and last traded at $108.00, with a volume of 260951 shares changing hands. The stock had previously closed at $100.49.

The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.08. US Foods had a net margin of 1.71% and a return on equity of 19.37%. The company had revenue of $10.53 billion for the quarter, compared to the consensus estimate of $10.46 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of US Foods in a report on Wednesday, July 29th. Piper Sandler decreased their target price on shares of US Foods from $103.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, June 1st. TD Cowen assumed coverage on shares of US Foods in a research note on Tuesday, July 7th. They issued a “buy” rating and a $116.00 target price for the company. JPMorgan Chase & Co. reduced their price target on US Foods from $98.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Finally, BTIG Research lowered their price objective on US Foods from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, US Foods currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.00.

Hedge Funds Weigh In On US Foods

Hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of US Foods by 47.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 107,928 shares of the company’s stock valued at $8,129,000 after purchasing an additional 34,814 shares during the period. Fifth Third Bancorp increased its stake in US Foods by 2,548.1% during the 1st quarter. Fifth Third Bancorp now owns 75,392 shares of the company’s stock worth $6,952,000 after buying an additional 72,545 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in US Foods during the 4th quarter worth $4,221,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in US Foods by 239.4% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 38,924 shares of the company’s stock worth $2,932,000 after buying an additional 27,454 shares in the last quarter. Finally, Premier Fund Managers Ltd acquired a new position in US Foods in the 4th quarter worth $23,818,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Trading Up 7.4%

The company has a current ratio of 1.14, a quick ratio of 0.70 and a debt-to-equity ratio of 1.16. The business’s 50-day simple moving average is $95.36 and its two-hundred day simple moving average is $91.67. The company has a market capitalization of $23.78 billion, a PE ratio of 36.35, a PEG ratio of 1.26 and a beta of 0.81.

US Foods Company Profile

US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.