US Foods Holding Corp. (NYSE:USFD) Sees Large Decrease in Short Interest

US Foods Holding Corp. (NYSE:USFD) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 3,110,000 shares, a drop of 28.0% from the December 15th total of 4,320,000 shares. Based on an average daily volume of 1,740,000 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Piper Sandler upped their price objective on US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Melius Research raised US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Melius started coverage on US Foods in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price objective for the company. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, Truist Financial increased their price objective on US Foods from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $67.42.

US Foods Stock Performance

Shares of USFD traded up $0.26 during mid-day trading on Friday, reaching $68.34. The company’s stock had a trading volume of 298,703 shares, compared to its average volume of 1,420,801. US Foods has a 1-year low of $44.81 and a 1-year high of $72.84. The stock has a market cap of $15.92 billion, a P/E ratio of 29.33, a PEG ratio of 0.91 and a beta of 1.67. The business has a 50-day simple moving average of $68.28 and a two-hundred day simple moving average of $61.40. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01.

Institutional Trading of US Foods

A number of hedge funds have recently made changes to their positions in USFD. Legacy Wealth Asset Management LLC raised its holdings in US Foods by 4.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock valued at $279,000 after acquiring an additional 160 shares in the last quarter. Bank of Montreal Can boosted its position in US Foods by 0.3% in the third quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock valued at $4,022,000 after buying an additional 171 shares in the last quarter. Davis Investment Partners LLC boosted its position in US Foods by 0.7% in the third quarter. Davis Investment Partners LLC now owns 28,864 shares of the company’s stock valued at $1,775,000 after buying an additional 193 shares in the last quarter. First Horizon Advisors Inc. boosted its position in US Foods by 54.2% in the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after buying an additional 202 shares in the last quarter. Finally, Quent Capital LLC boosted its position in US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after buying an additional 219 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

US Foods Company 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.