US Foods Holding Corp. (NYSE:USFD - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday after an insider bought additional shares in the company. The stock traded as high as $73.19 and last traded at $72.12, with a volume of 52341 shares traded. The stock had previously closed at $71.62.
Specifically, Director David W. Bullock purchased 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the transaction, the director now owns 4,500 shares in the company, valued at approximately $319,770. The trade was a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on USFD shares. Jefferies Financial Group upped their target price on US Foods from $79.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Melius started coverage on US Foods in a research report on Wednesday, December 18th. They issued a "buy" rating and a $12.00 target price for the company. Piper Sandler upped their target price on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research report on Tuesday. Melius Research raised US Foods to a "strong-buy" rating in a research report on Wednesday, December 18th. Finally, Barclays upped their target price on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $70.33.
Read Our Latest Report on US Foods
US Foods Price Performance
The company has a 50 day simple moving average of $69.17 and a 200-day simple moving average of $64.65. The stock has a market cap of $16.16 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 1.03 and a beta of 1.67. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. As a group, research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Institutional Trading of US Foods
Several institutional investors and hedge funds have recently bought and sold shares of the company. Retirement Systems of Alabama grew its holdings in shares of US Foods by 5.4% during the third quarter. Retirement Systems of Alabama now owns 348,979 shares of the company's stock valued at $21,462,000 after purchasing an additional 17,897 shares during the last quarter. State Street Corp grew its holdings in shares of US Foods by 4.7% during the third quarter. State Street Corp now owns 7,045,514 shares of the company's stock valued at $433,299,000 after purchasing an additional 316,061 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of US Foods by 121.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company's stock valued at $3,164,000 after purchasing an additional 28,232 shares during the last quarter. Jag Capital Management LLC grew its holdings in shares of US Foods by 3,175.1% during 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 last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of US Foods by 72.0% during the third quarter. Venturi Wealth Management LLC now owns 657 shares of the company's stock valued at $40,000 after purchasing an additional 275 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.
US Foods Company Profile
(
Get Free Report)
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.
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