US Foods (NYSE:USFD) Now Covered by Analysts at Melius

Stock analysts at Melius started coverage on shares of US Foods (NYSE:USFD) in a report released on Wednesday, MarketBeat.com reports. The firm set a “buy” rating and a $12.00 price target on the stock. Melius’ price objective suggests a potential downside of 82.05% from the stock’s current price.

A number of other research firms have also issued reports on USFD. Piper Sandler upped their target price on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. UBS Group upped their price objective on shares of US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Wells Fargo & Company lifted their target price on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. Barclays boosted their price target on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price objective on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $67.08.

US Foods Stock Up 0.2 %

Shares of NYSE:USFD opened at $66.86 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $15.57 billion, a P/E ratio of 28.70, a P/E/G ratio of 1.15 and a beta of 1.68. US Foods has a 52-week low of $44.22 and a 52-week high of $72.84. The stock’s fifty day simple moving average is $66.08 and its 200-day simple moving average is $59.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in US Foods by 0.3% during the third quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock worth $4,022,000 after acquiring an additional 171 shares during the last quarter. Davis Investment Partners LLC grew its holdings in shares of US Foods by 0.7% during the 3rd quarter. Davis Investment Partners LLC now owns 28,864 shares of the company’s stock worth $1,775,000 after purchasing an additional 193 shares during the period. First Horizon Advisors Inc. increased its position in US Foods by 54.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after purchasing an additional 202 shares in the last quarter. Quent Capital LLC raised its holdings in US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after buying an additional 219 shares during the period. Finally, CIBC Asset Management Inc lifted its position in US Foods by 3.3% during the third quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock valued at $436,000 after buying an additional 226 shares in the last quarter. Institutional investors and hedge funds 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.