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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on USFD shares. Wells Fargo & Company upped their price target on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Jefferies Financial Group upped their price objective on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. upped their price objective on shares of US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $66.82.

US Foods Stock Up 2.0 %

The stock’s 50-day moving average price is $60.70 and its two-hundred day moving average price is $55.86. The stock has a market capitalization of $15.41 billion, a PE ratio of 30.09, a P/E/G ratio of 1.01 and a beta of 1.66. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The company had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the prior year, the firm posted $0.73 EPS. US Foods’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, analysts expect that US Foods Holding Corp. will post 2.9 EPS for the current fiscal year.

Insider Activity at US Foods

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 transaction of $579,500.00. Following the transaction, the chief financial officer now owns 88,563 shares in the company, valued at approximately $5,132,225.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On US Foods

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in shares of US Foods in the 2nd quarter worth approximately $25,000. Quent Capital LLC lifted its stake in shares of US Foods by 87.6% in the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after purchasing an additional 219 shares during the period. International Assets Investment Management LLC bought a new position in shares of US Foods in the 2nd quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new position in shares of US Foods in the 3rd quarter worth approximately $31,000. Finally, Capital Performance Advisors LLP bought a new position in shares of US Foods in the 3rd quarter worth approximately $34,000. 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.