US Foods (NYSE:USFD) Hits New 12-Month High After Better-Than-Expected Earnings

US Foods Holding Corp. (NYSE:USFD) shares reached a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $110.09 and last traded at $108.00, with a volume of 260951 shares traded. The stock had previously closed at $100.49.

The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.08. US Foods had a return on equity of 19.37% and a net margin of 1.71%.The firm had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.46 billion. During the same quarter in the prior year, the business posted $1.19 earnings per share. US Foods’s revenue for the quarter was up 4.5% on a year-over-year basis. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS.

Analyst Ratings Changes

Several research firms recently issued reports on USFD. Piper Sandler cut their price target on shares of US Foods from $103.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. Morgan Stanley boosted their target price on shares of US Foods from $94.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. BTIG Research cut their target price on shares of US Foods from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Zacks Research raised shares of US Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a research note on Wednesday, July 29th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.00.

Hedge Funds Weigh In On US Foods

Large investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in US Foods by 85.8% in the first quarter. Royal Bank of Canada now owns 148,512 shares of the company’s stock valued at $9,722,000 after buying an additional 68,567 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of US Foods in the 1st quarter worth about $359,000. Sivia Capital Partners LLC acquired a new stake in shares of US Foods in the 2nd quarter worth about $526,000. Brown Advisory Inc. acquired a new position in US Foods during the 2nd quarter valued at about $252,000. Finally, Cerity Partners LLC boosted its stake in US Foods by 20.5% during the 2nd quarter. Cerity Partners LLC now owns 47,977 shares of the company’s stock valued at $3,695,000 after purchasing an additional 8,162 shares during the period. Institutional investors own 98.76% of the company’s stock.

US Foods Trading Up 7.4%

The firm’s 50-day simple moving average is $95.36 and its 200 day simple moving average is $91.67. The stock has a market cap of $23.78 billion, a P/E ratio of 36.35, a PEG ratio of 1.26 and a beta of 0.81. The company has a current ratio of 1.14, a quick ratio of 0.70 and a debt-to-equity ratio of 1.16.

About US Foods

US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.