Longboard Asset Management LP Acquires Shares of 3,225 US Foods Holding Corp. (NYSE:USFD)

Longboard Asset Management LP bought a new position in US Foods Holding Corp. (NYSE:USFD) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 3,225 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds have also recently made changes to their positions in the company. Creative Planning lifted its position in US Foods by 17.8% in the second quarter. Creative Planning now owns 11,431 shares of the company’s stock worth $606,000 after buying an additional 1,727 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of US Foods by 30.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,866 shares of the company’s stock worth $99,000 after purchasing an additional 440 shares during the period. Sanctuary Advisors LLC bought a new position in US Foods during the 2nd quarter valued at about $353,000. Park Avenue Securities LLC purchased a new stake in US Foods in the 3rd quarter worth about $393,000. Finally, Quent Capital LLC lifted its stake in 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 purchasing an additional 219 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

US Foods Stock Up 0.7 %

Shares of NYSE USFD opened at $71.40 on Tuesday. US Foods Holding Corp. has a 12-month low of $45.24 and a 12-month high of $72.84. The stock’s fifty day simple moving average is $69.00 and its two-hundred day simple moving average is $63.03. The stock has a market capitalization of $16.63 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 0.95 and a beta of 1.67. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on USFD. Barclays raised their price target on US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Melius Research upgraded US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Melius initiated coverage on shares of US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price target on the stock. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Morgan Stanley upped their target price on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $68.92.

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.