US Foods Holding Corp. (NYSE:USFD) Receives Average Rating of “Buy” from Brokerages

Shares of US Foods Holding Corp. (NYSE:USFD) have earned an average recommendation of “Buy” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $67.08.

Several brokerages have weighed in on USFD. Piper Sandler boosted their price objective on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Melius began coverage on shares of US Foods in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Melius Research upgraded shares of US Foods to a “strong-buy” rating in a report on Wednesday, December 18th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Public Sector Pension Investment Board raised its holdings in US Foods by 100.2% in the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock worth $369,000 after purchasing an additional 2,500,000 shares in the last quarter. Wellington Management Group LLP grew its position in shares of US Foods by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after buying an additional 2,435,357 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of US Foods by 46.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock worth $347,069,000 after acquiring an additional 2,064,321 shares in the last quarter. Congress Asset Management Co. purchased a new position in US Foods during the 3rd quarter valued at about $121,196,000. Finally, Interval Partners LP lifted its position in US Foods by 371.2% during the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock valued at $98,905,000 after acquiring an additional 1,470,630 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Trading Down 0.5 %

NYSE USFD opened at $68.17 on Friday. The firm has a market cap of $15.88 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68. US Foods has a 1-year low of $44.81 and a 1-year high of $72.84. The stock has a 50-day moving average of $66.82 and a 200-day moving average of $60.02. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01.

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.