US Foods (NYSE:USFD) Hits New 52-Week High After Insider Buying Activity

Shares of US Foods Holding Corp. (NYSE:USFD) reached a new 52-week high during mid-day trading on Thursday following insider buying activity. The company traded as high as $73.19 and last traded at $72.12, with a volume of 52341 shares traded. The stock had previously closed at $71.62.

Specifically, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $71.06 per share, with a total value of $284,240.00. Following the transaction, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on USFD shares. Morgan Stanley increased their price target on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Melius started coverage on US Foods in a research report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price target on the stock. Piper Sandler increased their price target on US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday. Melius Research raised US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, Truist Financial raised their target price on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $70.33.

US Foods Stock Up 0.1 %

The business has a 50 day moving average of $69.16 and a 200-day moving average of $64.52. The stock has a market cap of $16.51 billion, a PE ratio of 35.48, 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 announced its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. Equities research analysts predict that US Foods Holding Corp. will post 3.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Colonial Trust Co SC purchased a new position in shares of US Foods in the 4th quarter valued at approximately $25,000. GeoWealth Management LLC grew its stake in shares of US Foods by 94.5% in 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. Legacy Investment Solutions LLC purchased a new position in shares of US Foods in the 4th quarter valued at approximately $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after buying an additional 178 shares in the last quarter. Finally, True Wealth Design LLC boosted its stake in shares of US Foods by 153.6% in the fourth quarter. True Wealth Design LLC now owns 492 shares of the company’s stock valued at $33,000 after buying an additional 298 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other 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.