US Foods (NYSE:USFD) Price Target Raised to $42.00

US Foods (NYSE:USFDGet Rating) had its target price lifted by stock analysts at Morgan Stanley from $41.00 to $42.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 8.58% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. CL King started coverage on shares of US Foods in a research note on Friday, March 11th. They issued a “buy” rating and a $41.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of US Foods in a research note on Tuesday, January 18th. They issued a “buy” rating and a $44.00 price target for the company. Truist Financial began coverage on shares of US Foods in a research note on Tuesday, February 1st. They issued a “buy” rating and a $43.00 price target for the company. Credit Suisse Group raised their target price on shares of US Foods from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, February 18th. Finally, StockNews.com started coverage on US Foods in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.50.

Shares of US Foods stock traded up $0.33 during trading on Friday, reaching $38.68. 12,131 shares of the stock were exchanged, compared to its average volume of 2,033,924. The company has a quick ratio of 0.75, a current ratio of 1.41 and a debt-to-equity ratio of 1.32. The stock’s fifty day moving average is $36.87 and its 200 day moving average is $35.73. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 74.14, a price-to-earnings-growth ratio of 0.91 and a beta of 1.59. US Foods has a 1 year low of $30.02 and a 1 year high of $42.10.

US Foods (NYSE:USFDGet Rating) last posted its earnings results on Thursday, April 21st. The company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.14. US Foods had a net margin of 0.56% and a return on equity of 11.40%. Equities analysts forecast that US Foods will post 2 earnings per share for the current year.

In related news, Director Court D. Carruthers purchased 14,040 shares of the business’s stock in a transaction on Tuesday, March 15th. The stock was acquired at an average price of $35.55 per share, with a total value of $499,122.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cheryl A. Bachelder acquired 6,000 shares of the stock in a transaction dated Friday, March 11th. The stock was acquired at an average price of $34.57 per share, for a total transaction of $207,420.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 51,040 shares of company stock valued at $1,726,752. Corporate insiders own 1.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Clarkston Capital Partners LLC increased its stake in US Foods by 17.3% during the third quarter. Clarkston Capital Partners LLC now owns 4,384,955 shares of the company’s stock worth $151,983,000 after acquiring an additional 647,430 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of US Foods by 1.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 74,531 shares of the company’s stock valued at $2,595,000 after buying an additional 794 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of US Foods by 425.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 60,400 shares of the company’s stock valued at $2,130,000 after buying an additional 48,900 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of US Foods during the third quarter valued at approximately $14,657,000. Finally, Deutsche Bank AG grew its stake in shares of US Foods by 234.3% during the third quarter. Deutsche Bank AG now owns 1,555,582 shares of the company’s stock valued at $53,918,000 after buying an additional 1,090,287 shares during the last quarter.

About US Foods (Get Rating)

US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes 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.

Further Reading

Analyst Recommendations for US Foods (NYSE:USFD)

Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.