US Foods (NYSE:USFD) Reaches New 12-Month High – Here’s Why

US Foods Holding Corp. (NYSE:USFD) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $63.13 and last traded at $63.05, with a volume of 320258 shares changing hands. The stock had previously closed at $62.13.

Wall Street Analyst Weigh In

A number of analysts have recently commented on USFD shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. raised their target price on US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their price objective on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group lifted their target price on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $66.82.

US Foods Stock Up 0.7 %

The business has a 50 day simple moving average of $58.83 and a 200 day simple moving average of $54.80. The company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 1.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. The business had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. As a group, equities analysts predict that US Foods Holding Corp. will post 2.9 earnings per share for the current fiscal year.

Insider Buying and Selling at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the sale, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On US Foods

Several large investors have recently bought and sold shares of USFD. Quent Capital LLC increased its stake in US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after purchasing an additional 219 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of US Foods in the second quarter valued at about $25,000. Redmont Wealth Advisors LLC acquired a new position in US Foods in the 1st quarter valued at about $27,000. International Assets Investment Management LLC purchased a new stake in shares of US Foods during the second quarter worth approximately $30,000. Finally, Rise Advisors LLC purchased a new position in US Foods during the 1st quarter worth $30,000. Hedge funds and other institutional investors 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.