Townsquare Capital LLC Takes $2.63 Million Position in US Foods Holding Corp. (NYSE:USFD)

Townsquare Capital LLC purchased a new position in US Foods Holding Corp. (NYSE:USFD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 42,790 shares of the company's stock, valued at approximately $2,632,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in US Foods during the second quarter valued at about $25,000. Quent Capital LLC raised its position in US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company's stock worth $29,000 after purchasing an additional 219 shares in the last quarter. International Assets Investment Management LLC acquired a new position in US Foods in the second quarter worth about $30,000. Ashton Thomas Securities LLC acquired a new position in US Foods in the third quarter worth about $31,000. Finally, Huntington National Bank increased its holdings in shares of US Foods by 332.5% during the third 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. Institutional investors and hedge funds own 98.76% of the company's stock.

US Foods Stock Down 0.1 %

USFD stock traded down $0.08 during midday trading on Friday, hitting $69.77. The company's stock had a trading volume of 865,304 shares, compared to its average volume of 1,903,295. 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 Holding Corp. has a twelve month low of $42.96 and a twelve month high of $70.80. The company's fifty day moving average price is $63.77 and its 200 day moving average price is $57.88. The stock has a market capitalization of $16.25 billion, a P/E ratio of 29.94, a PEG ratio of 1.15 and a beta of 1.66.

Analyst Upgrades and Downgrades

Several research firms have recently commented on USFD. Truist Financial increased their price target on shares of US Foods from $66.00 to $74.00 and gave the company a "buy" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on shares of US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. UBS Group raised 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of US Foods from $72.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Finally, Piper Sandler raised their price objective on shares of US Foods from $61.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, US Foods has an average rating of "Buy" and an average price target of $71.09.

Insider Buying and Selling at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the sale, the chief financial officer now owns 88,563 shares of the company's stock, valued at approximately $5,132,225.85. The trade was a 10.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.70% of the company's stock.

US Foods 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.