Morgan Stanley Increases US Foods (NYSE:USFD) Price Target to $82.00

US Foods (NYSE:USFD) had its price objective increased by Morgan Stanley from $76.00 to $82.00 in a research report report published on Tuesday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Several other brokerages also recently commented on USFD. Melius Research raised shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. UBS Group lifted their price target on shares of US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler lifted their price target on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Truist Financial lifted their price target on shares of US Foods from $74.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 16th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $68.92.

US Foods Trading Down 0.7 %

USFD stock opened at $68.81 on Tuesday. The company has a market capitalization of $16.03 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 0.93 and a beta of 1.67. US Foods has a one year low of $44.81 and a one year high of $72.84. The company’s 50 day moving average price is $68.42 and its two-hundred day moving average price is $61.91. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19.

Hedge Funds Weigh In On US Foods

Several hedge funds have recently made changes to their positions in USFD. Public Sector Pension Investment Board boosted its stake in shares of US Foods by 100.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock worth $369,000 after acquiring an additional 2,500,000 shares in the last quarter. Wellington Management Group LLP lifted its stake in US Foods by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after purchasing an additional 2,435,357 shares in the last quarter. Congress Asset Management Co. purchased a new position in US Foods in the 3rd quarter worth approximately $121,196,000. Marshall Wace LLP acquired a new stake in shares of US Foods during the 2nd quarter worth approximately $27,473,000. Finally, State Street Corp increased its holdings in shares of US Foods by 4.7% during the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after buying an additional 316,061 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

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.