Shares of US Foods Holding Corp (NYSE:USFD) reached a new 52-week high on Friday . The company traded as high as $39.38 and last traded at $39.18, with a volume of 1096327 shares traded. The stock had previously closed at $38.05.
A number of research firms recently weighed in on USFD. Zacks Investment Research lowered shares of US Foods from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Buckingham Research upgraded shares of US Foods from a “neutral” rating to a “buy” rating and upped their target price for the stock from $32.00 to $48.00 in a research note on Wednesday, May 8th. Finally, Pivotal Research restated a “hold” rating and set a $32.00 target price on shares of US Foods in a research note on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $38.40.
The company has a market capitalization of $8.42 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 2.07 and a beta of 0.58. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.37 and a quick ratio of 0.80. The company’s 50 day simple moving average is $36.38 and its 200 day simple moving average is $35.85.
US Foods (NYSE:USFD) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.36 billion. US Foods had a net margin of 1.63% and a return on equity of 14.15%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. On average, equities analysts forecast that US Foods Holding Corp will post 2.18 EPS for the current year.
In other news, EVP Steven Guberman sold 23,043 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $36.62, for a total value of $843,834.66. Following the completion of the sale, the executive vice president now directly owns 46,133 shares of the company’s stock, valued at $1,689,390.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Keith D. Rohland sold 62,780 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $36.60, for a total value of $2,297,748.00. Following the completion of the sale, the insider now directly owns 82,464 shares of the company’s stock, valued at $3,018,182.40. The disclosure for this sale can be found here. Insiders sold 90,257 shares of company stock worth $3,303,069 over the last quarter. 0.80% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the company. CENTRAL TRUST Co acquired a new stake in shares of US Foods during the second quarter worth $76,000. Stevens First Principles Investment Advisors lifted its holdings in shares of US Foods by 84.2% during the first quarter. Stevens First Principles Investment Advisors now owns 2,560 shares of the company’s stock worth $89,000 after purchasing an additional 1,170 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of US Foods by 170.2% during the first quarter. Quadrant Capital Group LLC now owns 2,915 shares of the company’s stock worth $98,000 after purchasing an additional 1,836 shares during the period. Cutler Group LP lifted its holdings in shares of US Foods by 2,800.0% during the first quarter. Cutler Group LP now owns 2,900 shares of the company’s stock worth $101,000 after purchasing an additional 2,800 shares during the period. Finally, Icon Advisers Inc. Co. acquired a new stake in shares of US Foods during the first quarter worth $206,000. 95.66% of the stock is owned by institutional investors and hedge funds.
US Foods Company Profile (NYSE:USFD)
US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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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