US Foods (NYSE:USFD) Upgraded at Melius Research

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

USFD has been the subject of a number of other reports. Truist Financial increased their target price on US Foods from $66.00 to $74.00 and gave the company a "buy" rating in a research report 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 stock an "overweight" rating in a research note on Wednesday, September 18th. UBS Group upped their target price on shares of US Foods from $67.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, November 8th. StockNews.com raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 10th. Finally, Piper Sandler raised their price objective on US Foods from $61.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have 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 target price of $67.08.

US Foods Price Performance

Shares of USFD stock traded up $0.83 during trading hours on Wednesday, hitting $67.69. The stock had a trading volume of 5,960,001 shares, compared to its average volume of 1,834,149. The stock's 50-day moving average price is $66.08 and its two-hundred day moving average price is $59.39. US Foods has a one year low of $44.39 and a one year high of $72.84. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 1.15 and a beta of 1.68. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72.

Institutional Trading of US Foods

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

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.