US Foods (NYSE:USFD) Reaches New 1-Year High – Time to Buy?

US Foods Holding Corp. (NYSE:USFD) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $87.28 and last traded at $86.91, with a volume of 876415 shares traded. The stock had previously closed at $84.36.

Wall Street Analyst Weigh In

A number of brokerages recently commented on USFD. Barclays dropped their price target on US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Wall Street Zen cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 19th. Morgan Stanley set a $92.00 price target on shares of US Foods in a research report on Tuesday, January 20th. Guggenheim boosted their target price on shares of US Foods from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Citigroup increased their target price on US Foods from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.00.

US Foods Price Performance

The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.15. The stock’s 50 day simple moving average is $78.50 and its two-hundred day simple moving average is $77.60. The firm has a market capitalization of $19.62 billion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. The business had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.18 billion. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. On average, sell-side analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Buying and Selling at US Foods

In related news, insider Steven Guberman sold 58,632 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total value of $4,221,504.00. Following the completion of the transaction, the insider owned 113,410 shares of the company’s stock, valued at approximately $8,165,520. The trade was a 34.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On US Foods

Institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust boosted its stake in US Foods by 303.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 327 shares of the company’s stock valued at $25,000 after purchasing an additional 246 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in US Foods in the third quarter worth about $26,000. Steph & Co. bought a new stake in shares of US Foods in the 4th quarter worth approximately $34,000. Geneos Wealth Management Inc. raised its position in shares of US Foods by 120.1% during the second quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock worth $37,000 after purchasing an additional 263 shares during the period. Finally, First Horizon Corp acquired a new stake in US Foods during the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Company Profile

US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.