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

Shares of US Foods Holding Corp. (NYSE:USFD) have earned an average recommendation of “Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $68.92.

A number of equities analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price target on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. UBS Group boosted their price objective on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, November 8th. Melius began coverage on US Foods in a report on Wednesday, December 18th. They set a “buy” rating and a $12.00 target price for the company. Finally, Morgan Stanley boosted their price target on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday.

US Foods Stock Performance

US Foods stock opened at $69.25 on Thursday. The firm has a 50 day simple moving average of $68.42 and a 200-day simple moving average of $61.91. The stock has a market cap of $16.13 billion, a price-to-earnings ratio of 29.72, a price-to-earnings-growth ratio of 0.92 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. US Foods has a 1-year low of $44.81 and a 1-year high of $72.84.

Institutional Trading of US Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama lifted its stake in shares of US Foods by 5.4% in the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock worth $21,462,000 after acquiring an additional 17,897 shares during the period. State Street Corp lifted its position in US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after purchasing an additional 316,061 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in US Foods by 121.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock valued at $3,164,000 after purchasing an additional 28,232 shares in the last quarter. Jag Capital Management LLC increased its position in US Foods by 3,175.1% during the 3rd quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock worth $10,407,000 after purchasing an additional 164,060 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of US Foods by 72.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 657 shares of the company’s stock worth $40,000 after buying an additional 275 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.