US Foods Holding Corp. (NYSE:USFD) traded at a new 52-week high today of $38.82. Approximately 736,000 shares have changed hands today, as compared to an average 30-day volume of 2.1 million shares.
US Foods Holding Corp. (NYSE:USFD) is currently priced 1.6% above its average consensus analyst price target of $37.95.
Over the past year, US Foods Holding Corp. has traded in a range of $8.32 to $38.82 and is now at $38.56, 363% above that low.
US Foods is the second- largest U.S. food-service distributor behind Sysco, holding 10% market share of the highly fragmented food-service distribution industry. US Foods distributes more than 400,000 food and nonfood products to the healthcare and hospitality industries (each about 16.5% of sales), independent restaurants (33%), national restaurant chains (22%), education and government facilities (8%), and grocers (4%). In addition to its delivery business, the firm has several Chef’Store and Smart Foodservice Warehouse cash and carry stores. After Sysco’s attempt to purchase US Foods failed to gain federal approval in 2015, US Foods entered the public market via an initial public offering.
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