US Foods Holding Corp. (NYSE:USFD - Get Free Report) shares reached a new 52-week high during trading on Monday after Piper Sandler raised their price target on the stock from $61.00 to $75.00. Piper Sandler currently has an overweight rating on the stock. US Foods traded as high as $67.95 and last traded at $67.71, with a volume of 246691 shares trading hands. The stock had previously closed at $66.89.
USFD has been the subject of a number of other reports. Truist Financial upped their target price on shares of US Foods from $66.00 to $74.00 and gave the stock a "buy" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft upped their target price on shares of US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Wells Fargo & Company upped their target price on shares of US Foods from $66.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 18th. Jefferies Financial Group increased their price objective on shares of US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Finally, Barclays increased their price objective on shares of US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $71.09.
Check Out Our Latest Stock Report on USFD
Insider Activity
In related 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 value of $579,500.00. Following the sale, the chief financial officer now owns 88,563 shares in the company, valued at $5,132,225.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.70% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in shares of US Foods by 46.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company's stock valued at $347,069,000 after buying an additional 2,064,321 shares in the last quarter. Congress Asset Management Co. purchased a new position in US Foods in the 3rd quarter worth $121,196,000. Interval Partners LP raised its position in US Foods by 371.2% in the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company's stock worth $98,905,000 after purchasing an additional 1,470,630 shares during the period. Vanguard Group Inc. raised its position in US Foods by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company's stock worth $1,242,336,000 after purchasing an additional 796,434 shares during the period. Finally, Ensign Peak Advisors Inc raised its position in US Foods by 175.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company's stock worth $57,764,000 after purchasing an additional 694,999 shares during the period. 98.76% of the stock is owned by institutional investors.
US Foods Stock Performance
The company has a market cap of $16.51 billion, a PE ratio of 28.97, a PEG ratio of 1.10 and a beta of 1.66. The business's 50-day moving average is $61.39 and its 200 day moving average is $56.40. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.81 and a current ratio of 1.19.
US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting analysts' consensus estimates of $0.93. The company had revenue of $9.71 billion for the quarter, compared to analysts' expectations of $9.62 billion. US Foods had a net margin of 1.54% and a return on equity of 14.15%. The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS. On average, equities research analysts predict that US Foods Holding Corp. will post 2.9 EPS for the current fiscal year.
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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