US Foods (NYSE:USFD) Reaches New 12-Month High Following Insider Buying Activity

Shares of US Foods Holding Corp. (NYSE:USFD) hit a new 52-week high during trading on Thursday after an insider bought additional shares in the company. The stock traded as high as $73.19 and last traded at $72.12, with a volume of 52341 shares changing hands. The stock had previously closed at $71.62.

Specifically, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the transaction, the director now owns 4,500 shares in the company, valued at $319,770. The trade was a 800.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Wall Street Analysts Forecast Growth

USFD has been the subject of a number of research analyst reports. Truist Financial increased their target price on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. UBS Group raised their price target on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 14th. JPMorgan Chase & Co. raised their target price on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Jefferies Financial Group raised their target price on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Barclays raised their target price on shares of US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $70.33.

US Foods Stock Up 0.8 %

The business’s fifty day moving average price is $69.11 and its 200 day moving average price is $64.47. The company has a market capitalization of $16.63 billion, a P/E ratio of 35.77, a P/E/G ratio of 0.95 and a beta of 1.67. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The business had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. As a group, equities research analysts predict that US Foods Holding Corp. will post 3.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On US Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in USFD. Legacy Wealth Asset Management LLC lifted its holdings in US Foods by 4.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock valued at $279,000 after purchasing an additional 160 shares during the last quarter. Arizona State Retirement System lifted its holdings in US Foods by 0.3% during the 4th quarter. Arizona State Retirement System now owns 67,426 shares of the company’s stock valued at $4,549,000 after purchasing an additional 170 shares during the last quarter. Bank of Montreal Can lifted its holdings in US Foods by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock valued at $4,022,000 after purchasing an additional 171 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after purchasing an additional 178 shares during the last quarter. Finally, GeoWealth Management LLC lifted its holdings in US Foods by 94.5% during the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

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.