Melius Research Upgrades US Foods (NYSE:USFD) to Strong-Buy

Melius Research upgraded shares of US Foods (NYSE:USFD) to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

A number of other analysts also recently issued reports on USFD. UBS Group lifted their price objective on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price target 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. Piper Sandler boosted their price objective on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Melius started coverage on shares of US Foods in a research note on Wednesday. They issued a “buy” rating and a $12.00 price target for the company. One research 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $67.08.

US Foods Trading Up 0.2 %

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

Institutional Investors Weigh In On US Foods

Several large investors have recently bought and sold shares of the business. Fifth Third Bancorp raised its stake in US Foods by 41.3% during the 2nd quarter. Fifth Third Bancorp now owns 2,293 shares of the company’s stock valued at $121,000 after buying an additional 670 shares during the last quarter. &PARTNERS purchased a new stake in US Foods during the second quarter valued at $368,000. Highland Capital Management LLC boosted its position in US Foods by 10.6% in the second quarter. Highland Capital Management LLC now owns 4,370 shares of the company’s stock worth $232,000 after purchasing an additional 419 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of US Foods by 11.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,381 shares of the company’s stock valued at $391,000 after purchasing an additional 775 shares during the period. Finally, Atomi Financial Group Inc. purchased a new stake in shares of US Foods during the 2nd quarter valued at about $205,000. 98.76% of the stock is currently owned by 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.