US Foods (NYSE:USFD) Reaches New 1-Year High – Still a Buy?

US Foods Holding Corp. (NYSE:USFD) shares hit a new 52-week high during 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.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on USFD shares. UBS Group boosted their target price on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Melius began coverage on US Foods in a report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price objective for the company. Truist Financial lifted their price target on shares of US Foods from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. raised their price objective 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 increased their price target on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. One 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. According to data from MarketBeat.com, US Foods currently has an average rating of “Buy” and a consensus target price of $68.92.

US Foods Stock Down 0.9 %

The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $16.38 billion, a P/E ratio of 30.18, a PEG ratio of 0.95 and a beta of 1.67. The firm has a 50 day simple moving average of $69.10 and a two-hundred day simple moving average of $63.28.

Institutional Trading of US Foods

A number of hedge funds and other institutional investors have recently modified their holdings of USFD. Retirement Systems of Alabama grew its position in US Foods by 5.4% during the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock worth $21,462,000 after acquiring an additional 17,897 shares during the last quarter. State Street Corp raised its holdings in US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after buying an additional 316,061 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in US Foods by 121.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock worth $3,164,000 after buying an additional 28,232 shares during the period. Jag Capital Management LLC increased its holdings in US Foods by 3,175.1% in the third quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock valued at $10,407,000 after purchasing an additional 164,060 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of US Foods by 72.0% in 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. Institutional investors own 98.76% of the company’s stock.

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.