Revolve Wealth Partners LLC bought a new position in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) during the second quarter, HoldingsChannel.com reports. The firm bought 9,063 shares of the company’s stock, valued at approximately $927,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gradient Investments LLC grew its stake in shares of US Foods by 12.6% in the second quarter. Gradient Investments LLC now owns 16,431 shares of the company’s stock worth $1,680,000 after acquiring an additional 1,836 shares in the last quarter. Mechanics Bank Trust Department purchased a new stake in shares of US Foods during the second quarter worth $215,000. GAMMA Investing LLC raised its stake in shares of US Foods by 6.7% in the second quarter. GAMMA Investing LLC now owns 6,939 shares of the company’s stock valued at $710,000 after acquiring an additional 438 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of US Foods by 11.4% in the first quarter. Parallel Advisors LLC now owns 3,250 shares of the company’s stock valued at $300,000 after acquiring an additional 333 shares in the last quarter. Finally, Argent Capital Management LLC raised its stake in shares of US Foods by 698.4% in the first quarter. Argent Capital Management LLC now owns 406,326 shares of the company’s stock valued at $37,467,000 after acquiring an additional 355,432 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.
US Foods Price Performance
Shares of NYSE USFD opened at $108.59 on Tuesday. The stock’s 50-day simple moving average is $96.97 and its 200-day simple moving average is $92.16. The firm has a market capitalization of $23.49 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 1.39 and a beta of 0.81. US Foods Holding Corp. has a fifty-two week low of $69.88 and a fifty-two week high of $110.08. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.14.
Wall Street Analyst Weigh In
USFD has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of US Foods in a research note on Wednesday, July 29th. Citigroup lifted their price objective on US Foods from $110.00 to $124.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. lowered their price objective on US Foods from $98.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Piper Sandler lowered their price objective on US Foods from $103.00 to $88.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. Finally, BTIG Research raised their target price on shares of US Foods from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.38.
View Our Latest Research Report on USFD
About US Foods
US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.
Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.
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