Melius Begins Coverage on US Foods (NYSE:USFD)

Equities researchers at Melius started coverage on shares of US Foods (NYSE:USFD) in a research note issued on Wednesday, MarketBeat reports. The brokerage set a “buy” rating and a $12.00 price target on the stock. Melius’ price target would suggest a potential downside of 82.05% from the stock’s current price.

Several other research analysts also recently weighed in on the company. UBS Group lifted their target price on 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 price objective on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Jefferies Financial Group upped their price objective on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. lifted their target price on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $67.08.

US Foods Price Performance

Shares of USFD opened at $66.86 on Wednesday. The company has a market capitalization of $15.57 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68. US Foods has a fifty-two week low of $44.22 and a fifty-two week high of $72.84. The firm has a 50-day simple moving average of $66.08 and a 200-day simple moving average of $59.39. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19.

Institutional Investors Weigh In On US Foods

A number of hedge funds and other institutional investors have recently modified their holdings of USFD. Quent Capital LLC increased its stake in US Foods by 87.6% in the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after purchasing an additional 219 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of US Foods in the second quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new position in shares of US Foods during the 3rd quarter worth $31,000. Huntington National Bank boosted its position in shares of US Foods by 332.5% in the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after buying an additional 409 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in US Foods in the 3rd quarter valued at about $34,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.