US Foods (NYSE:USFD) Sets New 12-Month High – Here’s Why

US Foods Holding Corp. (NYSE:USFD) hit a new 52-week high during mid-day trading on Thursday . The company 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.

Analysts Set New Price Targets

A number of research firms recently weighed in on USFD. Melius began coverage on shares of US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 target price on the stock. Barclays increased their price target on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Morgan Stanley lifted their price objective on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Jefferies Financial Group increased their target price on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $68.92.

US Foods Trading Down 0.9 %

The stock has a market capitalization of $16.38 billion, a PE ratio of 30.18, a P/E/G ratio of 0.95 and a beta of 1.67. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. The stock has a 50 day moving average price of $69.10 and a 200-day moving average price of $63.28.

Institutional Trading of US Foods

Institutional investors and hedge funds have recently modified their holdings of the stock. Retirement Systems of Alabama lifted its stake in US Foods by 5.4% in the third quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock worth $21,462,000 after acquiring an additional 17,897 shares during the period. State Street Corp boosted its stake in shares of US Foods by 4.7% during the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after purchasing an additional 316,061 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in US Foods by 121.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock valued at $3,164,000 after buying an additional 28,232 shares during the period. Jag Capital Management LLC lifted its holdings in US Foods by 3,175.1% during the third quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock worth $10,407,000 after buying an additional 164,060 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in US Foods by 72.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 657 shares of the company’s stock valued at $40,000 after acquiring an additional 275 shares in the last quarter. 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.