US Foods (NYSE:USFD) Hits New 12-Month Low at $27.29

US Foods Holding Corp. (NYSE:USFDGet Rating)’s stock price hit a new 52-week low on Friday . The company traded as low as $27.29 and last traded at $27.29, with a volume of 4240 shares changing hands. The stock had previously closed at $28.18.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of US Foods in a research note on Wednesday, September 7th. They issued a “neutral” rating for the company. Morgan Stanley raised their price objective on shares of US Foods from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, August 12th. Truist Financial lowered their price objective on shares of US Foods from $45.00 to $41.00 in a research report on Friday, August 12th. Barclays lifted their price objective on shares of US Foods to $36.00 in a research note on Monday, August 15th. Finally, Guggenheim cut their price target on shares of US Foods from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, August 15th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.11.

US Foods Stock Performance

The business has a fifty day simple moving average of $31.44 and a 200-day simple moving average of $33.12. The company has a quick ratio of 0.77, a current ratio of 1.37 and a debt-to-equity ratio of 1.29. The firm has a market cap of $6.07 billion, a P/E ratio of 40.26 and a beta of 1.38.

US Foods (NYSE:USFDGet Rating) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.63. The business had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.70 billion. US Foods had a return on equity of 12.19% and a net margin of 0.61%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.58 earnings per share. On average, sell-side analysts predict that US Foods Holding Corp. will post 2.01 EPS for the current fiscal year.

Institutional Investors Weigh In On US Foods

Institutional investors have recently modified their holdings of the business. Bailard Inc. bought a new position in shares of US Foods in the first quarter worth about $218,000. Triangle Securities Wealth Management boosted its holdings in US Foods by 12.6% during the 2nd quarter. Triangle Securities Wealth Management now owns 24,693 shares of the company’s stock valued at $758,000 after acquiring an additional 2,760 shares during the period. Offit Capital Advisors LLC boosted its holdings in US Foods by 2.1% during the 1st quarter. Offit Capital Advisors LLC now owns 19,214 shares of the company’s stock valued at $723,000 after acquiring an additional 400 shares during the period. Truist Financial Corp boosted its holdings in US Foods by 26.7% during the 1st quarter. Truist Financial Corp now owns 22,750 shares of the company’s stock valued at $856,000 after acquiring an additional 4,794 shares during the period. Finally, Clarkston Capital Partners LLC lifted its holdings in shares of US Foods by 2.7% in the 4th quarter. Clarkston Capital Partners LLC now owns 4,503,955 shares of the company’s stock worth $156,873,000 after buying an additional 119,000 shares during the period. 97.42% of the stock is owned by hedge funds and other institutional investors.

About US Foods

(Get Rating)

US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes 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.

Featured Articles

Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.