US Foods (NYSE:USFD) Reaches New 12-Month High – Time to Buy?

US Foods Holding Corp. (NYSE:USFD)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $73.00 and last traded at $72.20, with a volume of 54081 shares trading hands. The stock had previously closed at $72.02.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Jefferies Financial Group lifted their target price on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. UBS Group increased their price objective on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their target price on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Barclays upped their price objective on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $68.92.

US Foods Trading Up 0.0 %

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 stock has a fifty day moving average of $69.08 and a 200 day moving average of $63.23. The company has a market capitalization of $16.78 billion, a PE ratio of 30.93, a PEG ratio of 0.95 and a beta of 1.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in USFD. Ashton Thomas Securities LLC bought a new position in US Foods during the third quarter valued at approximately $31,000. R Squared Ltd purchased a new position in shares of US Foods in the fourth quarter valued at $34,000. Huntington National Bank increased its position in US Foods by 332.5% in 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. Capital Performance Advisors LLP bought a new stake in US Foods in the third quarter worth $34,000. Finally, First Horizon Advisors Inc. lifted its position in US Foods by 54.2% during the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after purchasing an additional 202 shares during the last quarter. 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.