US Foods (NYSE:USFD) Coverage Initiated by Analysts at Melius

Melius initiated coverage on shares of US Foods (NYSE:USFD) in a report issued on Wednesday, Marketbeat reports. The firm issued a buy rating and a $12.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. Barclays boosted their target price on US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Piper Sandler raised their target price on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Wells Fargo & Company upped their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Jefferies Financial Group raised their price objective on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday. Finally, StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $67.08.

US Foods Stock Performance

USFD stock traded up $0.75 during mid-day trading on Wednesday, hitting $67.47. 27,919 shares of the company were exchanged, compared to its average volume of 1,810,261. US Foods has a 1-year low of $44.22 and a 1-year high of $72.84. The stock has a market capitalization of $15.72 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68. The business has a 50 day simple moving average of $65.95 and a 200-day simple moving average of $59.34. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01.

Hedge Funds Weigh In On US Foods

Hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in US Foods during the 2nd quarter worth about $25,000. Quent Capital LLC boosted its position in shares of US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after purchasing an additional 219 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in US Foods during the second quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new stake in US Foods in the third quarter worth approximately $31,000. Finally, Huntington National Bank lifted its stake in US Foods by 332.5% in the third quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after buying an additional 409 shares during the period. Institutional investors own 98.76% of the company’s stock.

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.