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 report issued on Wednesday,Zacks.com reports.

A number of other research firms have also recently issued reports on USFD. Jefferies Financial Group increased their target price on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday. Barclays lifted their target price on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. UBS Group upped 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. Melius started coverage on shares of US Foods in a research note on Wednesday. They set a “buy” rating and a $12.00 price target for the company. Finally, Wells Fargo & Company boosted their price objective on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, US Foods currently has a consensus rating of “Buy” and a consensus price target of $67.08.

US Foods Stock Down 0.5 %

US Foods stock opened at $66.53 on Wednesday. The company has a 50 day moving average of $66.08 and a 200-day moving average of $59.39. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. US Foods has a twelve month low of $44.39 and a twelve month high of $72.84. The stock has a market capitalization of $15.50 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68.

Hedge Funds Weigh In On US Foods

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