US Foods (NYSE:USFD) Reaches New 1-Year High – Time to Buy?

Shares of US Foods Holding Corp. (NYSE:USFD) reached a new 52-week high on Tuesday . The stock traded as high as $70.83 and last traded at $70.55, with a volume of 318104 shares trading hands. The stock had previously closed at $69.55.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on USFD. Truist Financial lifted their target price on shares of US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler increased their target price on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price target on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their price objective on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group boosted their target price on US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $71.09.

US Foods Stock Up 1.7 %

The firm’s 50-day simple moving average is $63.93 and its 200 day simple moving average is $58.01. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. The company has a market capitalization of $16.47 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68.

Insiders Place Their Bets

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at $5,132,225.85. This represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On US Foods

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quent Capital LLC grew its holdings in shares of US Foods by 87.6% during the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after buying an additional 219 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in US Foods in the 2nd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in US Foods in the 3rd quarter valued at $31,000. Huntington National Bank boosted its holdings in shares of US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after purchasing an additional 409 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of US Foods in the third quarter valued at $34,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

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.