US Foods (NYSE:USFD) Sets New 12-Month High – What’s Next?

Shares of US Foods Holding Corp. (NYSE:USFD) hit a new 52-week high during trading on Tuesday . The stock traded as high as $63.35 and last traded at $63.27, with a volume of 524090 shares traded. The stock had previously closed at $61.76.

Analyst Ratings Changes

USFD has been the topic of several research reports. Jefferies Financial Group lifted their price objective on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Wells Fargo & Company lifted their price objective on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. One investment 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 data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $66.82.

US Foods Trading Up 2.0 %

The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. The company has a market cap of $15.41 billion, a PE ratio of 30.09, a PEG ratio of 1.01 and a beta of 1.66. The firm’s 50 day moving average is $60.70 and its 200 day moving average is $55.86.

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

Insiders Place Their Bets

In other news, CFO Dirk J. Locascio sold 10,000 shares of the business’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 value of $579,500.00. Following the completion of the sale, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On US Foods

A number of hedge funds have recently made changes to their positions in the business. Davis Investment Partners LLC lifted its holdings in shares of US Foods by 0.7% in the 3rd quarter. Davis Investment Partners LLC now owns 28,864 shares of the company’s stock worth $1,775,000 after acquiring an additional 193 shares during the last quarter. Quent Capital LLC raised its holdings in US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after buying an additional 219 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in US Foods by 72.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 657 shares of the company’s stock valued at $40,000 after buying an additional 275 shares during the last quarter. Mount Yale Investment Advisors LLC raised its holdings in US Foods by 2.8% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 10,634 shares of the company’s stock valued at $574,000 after buying an additional 286 shares during the last quarter. Finally, OLD National Bancorp IN raised its holdings in US Foods by 5.0% during the 2nd quarter. OLD National Bancorp IN now owns 6,289 shares of the company’s stock valued at $333,000 after buying an additional 301 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

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.