US Foods (NYSE:USFD) Reaches New 12-Month High – Still a Buy?

US Foods Holding Corp. (NYSE:USFD) hit a new 52-week high during trading on Tuesday . The company traded as high as $70.83 and last traded at $70.55, with a volume of 318104 shares traded. The stock had previously closed at $69.55.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on USFD shares. Barclays increased their target price on shares of US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their price objective on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Truist Financial upped their price objective on shares of US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Piper Sandler lifted their target price on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $71.09.

US Foods Trading Up 1.7 %

The company has a market cap of $16.47 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. The company’s 50 day simple moving average is $63.93 and its two-hundred day simple moving average is $58.01.

Insider Activity

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at $5,132,225.85. This trade represents a 10.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On US Foods

Large investors have recently bought and sold shares of the business. Tidal Investments LLC lifted its position in shares of US Foods by 105.4% during the 3rd quarter. Tidal Investments LLC now owns 13,652 shares of the company’s stock worth $840,000 after buying an additional 7,004 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in US Foods during the 3rd quarter worth $83,000. Sanctuary Advisors LLC lifted its position in US Foods by 107.8% in the third quarter. Sanctuary Advisors LLC now owns 14,283 shares of the company’s stock valued at $878,000 after acquiring an additional 7,409 shares during the last quarter. SkyView Investment Advisors LLC grew its holdings in shares of US Foods by 2.1% during the third quarter. SkyView Investment Advisors LLC now owns 18,979 shares of the company’s stock worth $1,167,000 after purchasing an additional 382 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its position in shares of US Foods by 5.4% during the third quarter. Coldstream Capital Management Inc. now owns 4,776 shares of the company’s stock worth $295,000 after purchasing an additional 246 shares in the last quarter. Hedge funds and other 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.