US Foods (NYSE:USFD) Upgraded at Melius Research

US Foods (NYSE:USFD) was upgraded by stock analysts at Melius Research to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other analysts also recently weighed in on USFD. Truist Financial increased their price objective on US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 8th. UBS Group increased their price target on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Melius assumed coverage on US Foods in a research report on Wednesday. They set a “buy” rating and a $12.00 price objective for the company. Piper Sandler upped their target price on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company raised 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. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $67.08.

US Foods Trading Up 0.2 %

USFD opened at $66.86 on Wednesday. The company’s 50 day moving average price is $66.08 and its two-hundred day moving average price is $59.39. The firm has a market capitalization of $15.57 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 1.15 and a beta of 1.68. US Foods has a fifty-two week low of $44.22 and a fifty-two week high of $72.84. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Retirement Systems of Alabama raised its holdings in shares of US Foods by 5.4% during the third quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock valued at $21,462,000 after purchasing an additional 17,897 shares during the period. Tidal Investments LLC raised its stake in US Foods by 105.4% during the 3rd quarter. Tidal Investments LLC now owns 13,652 shares of the company’s stock worth $840,000 after buying an additional 7,004 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in US Foods during the 3rd quarter worth approximately $83,000. Sanctuary Advisors LLC lifted its holdings in shares of US Foods by 107.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 14,283 shares of the company’s stock worth $878,000 after purchasing an additional 7,409 shares in the last quarter. Finally, SkyView Investment Advisors LLC lifted its stake in shares of US Foods by 2.1% in the third quarter. SkyView Investment Advisors LLC now owns 18,979 shares of the company’s stock valued at $1,167,000 after buying an additional 382 shares in the last quarter. 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.