US Foods Holding Corp. (NYSE:USFD – Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $55.24 and last traded at $54.89, with a volume of 888198 shares. The stock had previously closed at $52.38.
Analyst Upgrades and Downgrades
USFD has been the topic of a number of research analyst reports. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. BMO Capital Markets increased their price objective on shares of US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Truist Financial lifted their target price on shares of US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. increased 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. Finally, BTIG Research boosted their price objective on US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $54.92.
US Foods Trading Up 4.6 %
The company has a market capitalization of $13.44 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 0.86 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.30 and a quick ratio of 0.78. The business’s 50-day moving average price is $52.16 and its two-hundred day moving average price is $47.33.
US Foods (NYSE:USFD – Get Free Report) last released its earnings results on Thursday, February 15th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The company had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. Research analysts predict that US Foods Holding Corp. will post 2.92 earnings per share for the current year.
Insider Buying and Selling
In related news, EVP David A. Rickard sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total value of $2,626,000.00. Following the transaction, the executive vice president now owns 148,561 shares in the company, valued at $7,802,423.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in US Foods by 0.3% in the third quarter. Vanguard Group Inc. now owns 22,477,103 shares of the company’s stock valued at $892,341,000 after acquiring an additional 61,179 shares during the last quarter. Boston Partners boosted its stake in shares of US Foods by 1.4% during the third quarter. Boston Partners now owns 18,313,484 shares of the company’s stock valued at $726,684,000 after purchasing an additional 257,503 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of US Foods by 98.2% during the fourth quarter. Victory Capital Management Inc. now owns 9,220,688 shares of the company’s stock valued at $418,711,000 after purchasing an additional 4,569,002 shares in the last quarter. Dorsal Capital Management LP boosted its stake in shares of US Foods by 2.0% during the fourth quarter. Dorsal Capital Management LP now owns 5,000,000 shares of the company’s stock valued at $227,050,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of US Foods by 0.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,058,493 shares of the company’s stock valued at $184,296,000 after purchasing an additional 26,315 shares in 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.