US Foods (NYSE:USFD) Sets New 1-Year High – Still a Buy?

Shares of US Foods Holding Corp. (NYSE:USFD) hit a new 52-week high during trading on Thursday . The stock traded as high as $73.00 and last traded at $72.20, with a volume of 54081 shares changing hands. The stock had previously closed at $72.02.

Wall Street Analysts Forecast Growth

USFD has been the topic of several recent analyst reports. Truist Financial boosted their target price on shares of US Foods from $74.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Melius Research upgraded US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. Piper Sandler upped their target price on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Morgan Stanley lifted their target price on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group upped their target price on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, US Foods presently has a consensus rating of “Buy” and an average price target of $68.92.

US Foods Stock Performance

The company has a market capitalization of $16.78 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 0.95 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. The business has a 50 day moving average of $69.08 and a 200-day moving average of $63.23.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of US Foods by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after acquiring an additional 2,435,357 shares during the last quarter. State Street Corp grew its holdings in shares of US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after purchasing an additional 316,061 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of US Foods by 4.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock valued at $420,781,000 after acquiring an additional 291,016 shares during the period. Geode Capital Management LLC raised its position in US Foods by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock valued at $244,401,000 after purchasing an additional 241,900 shares during the last quarter. Finally, Congress Asset Management Co. purchased a new stake in US Foods in the third quarter worth $121,196,000. Institutional investors own 98.76% of the company’s stock.

About US Foods

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.