US Foods (NYSE:USFD) Hits New 52-Week High After Analyst Upgrade

US Foods Holding Corp. (NYSE:USFD) shares reached a new 52-week high during mid-day trading on Monday after StockNews.com upgraded the stock from a buy rating to a strong-buy rating. The stock traded as high as $73.47 and last traded at $73.01, with a volume of 111430 shares trading hands. The stock had previously closed at $71.70.

Other equities analysts have also recently issued research reports about the stock. Guggenheim reiterated a “buy” rating and issued a $80.00 price objective on shares of US Foods in a research note on Monday. Piper Sandler increased their price objective on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. UBS Group increased their price objective on shares of US Foods from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Morgan Stanley increased their price objective on shares of US Foods from $81.00 to $84.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Finally, Truist Financial increased their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $73.00.

Insider Buying and Selling

In related news, Director David W. Bullock bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, the director now owns 4,500 shares of the company’s stock, valued at approximately $319,770. The trade was a 800.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On US Foods

Institutional investors have recently bought and sold shares of the stock. Colonial Trust Co SC purchased a new position in US Foods during the fourth quarter valued at $25,000. GeoWealth Management LLC grew its stake in US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in US Foods during the fourth quarter valued at $32,000. EverSource Wealth Advisors LLC grew its stake in US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after acquiring an additional 178 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in US Foods during the first quarter valued at $31,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Stock Up 0.8%

The company has a market capitalization of $17.09 billion, a PE ratio of 36.69, a PEG ratio of 1.03 and a beta of 1.35. The company’s 50 day moving average is $64.98 and its two-hundred day moving average is $67.29. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The business had revenue of $9.35 billion during the quarter, compared to analysts’ expectations of $9.42 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

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.