US Foods (NYSE:USFD) Hits New 1-Year High - Here's Why

US Foods Holding Corp. (NYSE:USFD - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $73.00 and last traded at $72.20, with a volume of 54081 shares changing hands. The stock had previously closed at $72.02.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Piper Sandler raised their price target on US Foods from $61.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Jefferies Financial Group lifted their price target on shares of US Foods from $79.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. JPMorgan Chase & Co. increased their price objective on shares of US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Morgan Stanley lifted their target price on shares of US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Finally, Melius started coverage on US Foods in a research note on Wednesday, December 18th. They issued a "buy" rating and a $12.00 price target on the stock. One equities research 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's stock. Based on data from MarketBeat, US Foods presently has an average rating of "Buy" and an average target price of $68.92.

US Foods Trading Down 0.0 %

The firm has a market capitalization of $16.37 billion, a P/E ratio of 30.17, a PEG ratio of 0.95 and a beta of 1.67. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. The business has a 50 day moving average of $69.11 and a 200-day moving average of $63.57.

Institutional Investors Weigh In On US Foods

Several institutional investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of US Foods in the third quarter worth $31,000. EverSource Wealth Advisors LLC increased its stake in US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after buying an additional 178 shares during the last quarter. Huntington National Bank boosted its stake in shares of US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company's stock worth $33,000 after buying an additional 409 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of US Foods in the 3rd quarter valued at about $34,000. Finally, R Squared Ltd acquired a new stake in shares of US Foods in the fourth quarter valued at about $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.