US Foods (NYSE:USFD) Stock Price Expected to Rise, Morgan Stanley Analyst Says

US Foods (NYSE:USFD) had its target price increased by equities research analysts at Morgan Stanley from $76.00 to $82.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 18.41% from the company’s current price.

A number of other research analysts have also recently issued reports on USFD. Barclays raised their price target on shares of US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Melius Research upgraded US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Piper Sandler boosted their price target on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Jefferies Financial Group increased their price objective on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Melius began coverage on US Foods in a report on Wednesday, December 18th. They set a “buy” rating and a $12.00 target price for the company. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, US Foods currently has a consensus rating of “Buy” and an average price target of $68.92.

US Foods Price Performance

USFD opened at $69.25 on Tuesday. The firm has a market capitalization of $16.13 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 0.92 and a beta of 1.67. The business’s 50-day moving average is $68.42 and its two-hundred day moving average is $61.91. US Foods has a 1 year low of $44.81 and a 1 year high of $72.84. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72.

Institutional Trading of US Foods

A number of institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in US Foods by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after acquiring an additional 2,435,357 shares in the last quarter. State Street Corp increased its holdings in US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after buying an additional 316,061 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in US Foods by 4.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock valued at $420,781,000 after buying an additional 291,016 shares during the last quarter. Geode Capital Management LLC lifted its holdings in US Foods by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock worth $244,401,000 after buying an additional 241,900 shares during the last quarter. Finally, Congress Asset Management Co. acquired a new position in shares of US Foods in the 3rd quarter worth approximately $121,196,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.