US Foods (NYSE:USFD) Stock Rating Upgraded by Melius Research

Melius Research upgraded shares of US Foods (NYSE:USFD) to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

USFD has been the subject of a number of other research reports. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Truist Financial boosted their price target on shares of US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler raised their price objective on US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Melius began coverage on US Foods in a research note on Wednesday. They issued a “buy” rating and a $12.00 target price for the company. Finally, UBS Group raised their price target on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, US Foods has a consensus rating of “Buy” and an average price target of $67.08.

US Foods Price Performance

US Foods stock opened at $67.69 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $15.77 billion, a P/E ratio of 29.05, a PEG ratio of 1.15 and a beta of 1.68. The business has a 50-day moving average of $66.20 and a 200-day moving average of $59.49. US Foods has a 1 year low of $44.39 and a 1 year high of $72.84.

Hedge Funds Weigh In On US Foods

Hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp grew its position in US Foods by 41.3% in the second quarter. Fifth Third Bancorp now owns 2,293 shares of the company’s stock valued at $121,000 after purchasing an additional 670 shares in the last quarter. &PARTNERS bought a new position in shares of US Foods in the 2nd quarter valued at about $368,000. Highland Capital Management LLC increased its position in shares of US Foods by 10.6% in the second quarter. Highland Capital Management LLC now owns 4,370 shares of the company’s stock valued at $232,000 after acquiring an additional 419 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in US Foods by 11.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 7,381 shares of the company’s stock worth $391,000 after acquiring an additional 775 shares in the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in US Foods during the second quarter valued at approximately $205,000. 98.76% of the stock is owned by institutional investors.

About US Foods

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.