Robbins Farley purchased a new stake in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 45,447 shares of the company’s stock, valued at approximately $4,191,000. US Foods accounts for about 1.9% of Robbins Farley’s holdings, making the stock its 29th biggest holding.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in US Foods by 85.8% in the first quarter. Royal Bank of Canada now owns 148,512 shares of the company’s stock valued at $9,722,000 after acquiring an additional 68,567 shares during the period. Empowered Funds LLC bought a new stake in shares of US Foods during the 1st quarter valued at about $359,000. Sivia Capital Partners LLC bought a new stake in shares of US Foods during the 2nd quarter valued at about $526,000. Brown Advisory Inc. bought a new stake in shares of US Foods during the 2nd quarter valued at about $252,000. Finally, Cerity Partners LLC increased its position in shares of US Foods by 20.5% during the 2nd quarter. Cerity Partners LLC now owns 47,977 shares of the company’s stock valued at $3,695,000 after purchasing an additional 8,162 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.
US Foods Stock Up 0.9%
USFD stock opened at $92.74 on Tuesday. US Foods Holding Corp. has a twelve month low of $69.88 and a twelve month high of $102.13. The company has a quick ratio of 0.70, a current ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a market cap of $20.42 billion, a P/E ratio of 31.23, a PEG ratio of 1.15 and a beta of 0.83. The business’s 50-day moving average price is $87.75 and its 200-day moving average price is $86.52.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on USFD. Piper Sandler lowered their price objective on shares of US Foods from $103.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, June 1st. Citigroup reduced their target price on shares of US Foods from $115.00 to $111.00 and set a “buy” rating for the company in a report on Friday, May 8th. Zacks Research downgraded shares of US Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. BTIG Research dropped their price target on shares of US Foods from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Finally, Weiss Ratings cut shares of US Foods from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.50.
Get Our Latest Analysis on USFD
US Foods Company Profile
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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