5 Defensive Restaurant Stocks To Buy Amid Recession Fears

3. US Foods Holding Corp. (NYSE:USFD)

Number Of Hedge Fund Holders: 40

US Foods Holding Corp. (NYSE:USFD) is a leading  US foodservice distributor that is partnered with approximately 250,000 restaurants and foodservice operators across the nation and provides its customers with a broad and comprehensive suite of e-commerce, technology and business solutions.

For the fiscal first quarter of 2022, US Foods Holding Corp. (NYSE:USFD) reported an EPS of $0.36, beating estimates by $0.02. Additionally, the revenue came in at $7.80 billion, an increase of 23.88% on a year-over-year basis.

Based on Insider Monkey’s Q1 database, 40 hedge funds were bullish on US Foods Holding Corp. (NYSE:USFD), up from 38 funds in the preceding quarter. The total stakes held in Q1 2022 amounted to approximately $1.86 billion. Scott Ferguson’s Sachem Head Capital is the largest shareholder of the company, with a position worth roughly $721.9 million.