US Foods (USFD) Sets New 12-Month High and Low at $35.99

Shares of US Foods Holding Corp. (NYSE:USFD) hit a new 52-week high and low on Friday . The stock traded as low as $35.99 and last traded at $35.53, with a volume of 47562 shares changing hands. The stock had previously closed at $35.99.

USFD has been the topic of several research analyst reports. Morgan Stanley raised their target price on shares of US Foods from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 16th. Bank of America raised their target price on shares of US Foods from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, March 16th. Royal Bank of Canada cut shares of US Foods from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $36.00 to $38.00 in a research note on Tuesday, May 1st. Pivotal Research reissued a “hold” rating and set a $33.00 target price on shares of US Foods in a research note on Monday, May 7th. Finally, Zacks Investment Research raised shares of US Foods from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Saturday, January 27th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $37.33.

The company has a market capitalization of $7.75 billion, a PE ratio of 39.38, a P/E/G ratio of 1.02 and a beta of 0.47. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.78 and a current ratio of 1.32.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Tuesday, May 8th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The company had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.98 billion. US Foods had a net margin of 2.00% and a return on equity of 11.56%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS. research analysts predict that US Foods Holding Corp. will post 2.07 earnings per share for the current year.

In other news, insider David A. Rickard sold 17,176 shares of US Foods 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 transaction, the insider now directly owns 30,106 shares of the company’s stock, valued at $976,638.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Pietro Satriano sold 159,574 shares of US Foods stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $34.04, for a total transaction of $5,431,898.96. Following the completion of the transaction, the chief executive officer now directly owns 191,593 shares in the company, valued at $6,521,825.72. The disclosure for this sale can be found here. Insiders sold a total of 541,617 shares of company stock worth $18,180,955 in the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Comerica Bank increased its position in shares of US Foods by 15.5% in the fourth quarter. Comerica Bank now owns 12,703 shares of the company’s stock worth $423,000 after acquiring an additional 1,700 shares in the last quarter. Brown Advisory Inc. increased its position in shares of US Foods by 25.0% in the fourth quarter. Brown Advisory Inc. now owns 10,000 shares of the company’s stock worth $319,000 after acquiring an additional 2,000 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of US Foods by 181.3% in the first quarter. Meeder Asset Management Inc. now owns 3,333 shares of the company’s stock worth $109,000 after acquiring an additional 2,148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of US Foods by 6.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,510 shares of the company’s stock worth $1,196,000 after acquiring an additional 2,245 shares in the last quarter. Finally, Advisor Group Inc. increased its position in shares of US Foods by 25.4% in the fourth quarter. Advisor Group Inc. now owns 12,076 shares of the company’s stock worth $386,000 after acquiring an additional 2,443 shares in the last quarter.

US Foods Company Profile

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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