Longboard Asset Management LP Takes Position in US Foods Holding Corp. (NYSE:USFD)

Longboard Asset Management LP acquired a new stake in shares of US Foods Holding Corp. (NYSE:USFD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,225 shares of the company’s stock, valued at approximately $218,000.

Several other large investors also recently bought and sold shares of USFD. Quent Capital LLC grew its stake in shares of 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 acquiring an additional 219 shares during the period. Ashton Thomas Securities LLC bought a new stake in US Foods in the 3rd quarter worth approximately $31,000. Huntington National Bank raised its stake in US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after buying an additional 409 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of US Foods in the 3rd quarter worth $34,000. Finally, R Squared Ltd bought a new stake in shares of US Foods in the fourth quarter worth $34,000. 98.76% of the stock is currently owned by institutional investors.

US Foods Stock Performance

USFD opened at $71.40 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. The stock has a market capitalization of $16.63 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 0.95 and a beta of 1.67. The company has a fifty day moving average of $69.00 and a 200 day moving average of $63.03. US Foods Holding Corp. has a fifty-two week low of $45.24 and a fifty-two week high of $72.84.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group raised their target price on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Morgan Stanley upped their target price on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Barclays lifted their price target on shares of US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, Truist Financial lifted their target price on US Foods from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, US Foods presently has an average rating of “Buy” and an average price target of $68.92.

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.