Shares of US Foods Holding Corp. (NYSE:USFD) reached a new 52-week high and low during trading on Thursday . The stock traded as low as $35.82 and last traded at $35.76, with a volume of 54880 shares trading hands. The stock had previously closed at $35.43.
Several research firms recently commented on USFD. Royal Bank of Canada reissued a “buy” rating and set a $38.00 target price on shares of US Foods in a research note on Friday, February 2nd. Morgan Stanley reissued an “equal weight” rating and set a $40.00 target price (up from $38.00) on shares of US Foods in a research note on Friday, March 16th. Zacks Investment Research raised shares of US Foods from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a research note on Thursday, February 22nd. Guggenheim reissued a “buy” rating and set a $40.00 target price on shares of US Foods in a research note on Sunday, January 28th. Finally, Loop Capital set a $35.00 target price on shares of US Foods and gave the company a “hold” rating in a research note on Friday, March 16th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $37.33.
The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.78 and a current ratio of 1.32. The stock has a market cap of $7.75 billion, a P/E ratio of 39.38, a P/E/G ratio of 1.02 and a beta of 0.47.
US Foods (NYSE:USFD) last issued its quarterly earnings results on Tuesday, May 8th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The business had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.98 billion. US Foods had a net margin of 2.00% and a return on equity of 11.56%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 EPS. sell-side analysts forecast that US Foods Holding Corp. will post 2.07 earnings per share for the current year.
In related news, insider David A. Rickard sold 17,176 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $32.44, for a total value of $557,189.44. Following the completion of the sale, the insider now owns 30,106 shares in the company, valued at approximately $976,638.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Anthony Lederer sold 305,562 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $33.20, for a total transaction of $10,144,658.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 541,617 shares of company stock valued at $18,180,955. 0.57% of the stock is owned by insiders.
Several large investors have recently modified their holdings of USFD. Meeder Asset Management Inc. increased its stake in US Foods by 181.3% in the 1st quarter. Meeder Asset Management Inc. now owns 3,333 shares of the company’s stock valued at $109,000 after buying an additional 2,148 shares during the period. Financial Gravity Companies Inc. acquired a new position in US Foods in the 4th quarter valued at approximately $132,000. Cerebellum GP LLC acquired a new position in US Foods in the 4th quarter valued at approximately $135,000. American International Group Inc. acquired a new position in US Foods in the 4th quarter valued at approximately $137,000. Finally, Tower Research Capital LLC TRC increased its stake in US Foods by 2,909.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,139 shares of the company’s stock valued at $196,000 after buying an additional 5,935 shares during the period.
About US Foods
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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