Morgan Stanley Increases US Foods (NYSE:USFD) Price Target to $44.00

US Foods (NYSE:USFDGet Rating) had its price objective raised by equities researchers at Morgan Stanley from $36.00 to $44.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 22.36% from the stock’s current price.

USFD has been the topic of several other research reports. Truist Financial raised their price objective on shares of US Foods to $43.00 in a research note on Wednesday, November 16th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Monday. Piper Sandler lifted their price target on shares of US Foods to $38.00 in a research note on Wednesday, November 16th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of US Foods from $44.00 to $41.00 in a research note on Friday, November 11th. Finally, TheStreet upgraded shares of US Foods from a “c+” rating to a “b-” rating in a research note on Tuesday, December 6th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

US Foods Trading Down 0.6 %

Shares of US Foods stock opened at $35.96 on Wednesday. The company’s fifty day simple moving average is $35.44 and its 200-day simple moving average is $32.02. The company has a market cap of $8.09 billion, a price-to-earnings ratio of 40.40 and a beta of 1.42. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 1.23. US Foods has a 1 year low of $25.49 and a 1 year high of $39.73.

US Foods (NYSE:USFDGet Rating) last announced its quarterly earnings data on Thursday, November 10th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $8.92 billion for the quarter, compared to the consensus estimate of $8.64 billion. US Foods had a net margin of 0.73% and a return on equity of 12.54%. As a group, sell-side analysts expect that US Foods will post 2.04 EPS for the current year.

Insider Activity at US Foods

In related news, CFO Dirk J. Locascio sold 20,000 shares of US Foods stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $33.00, for a total value of $660,000.00. Following the completion of the transaction, the chief financial officer now directly owns 128,624 shares of the company’s stock, valued at $4,244,592. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of US Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in USFD. Arizona State Retirement System grew its position in shares of US Foods by 0.7% during the 3rd quarter. Arizona State Retirement System now owns 54,758 shares of the company’s stock worth $1,448,000 after buying an additional 363 shares during the period. Triangle Securities Wealth Management grew its position in shares of US Foods by 1.5% in the 3rd quarter. Triangle Securities Wealth Management now owns 25,068 shares of the company’s stock valued at $663,000 after purchasing an additional 375 shares during the period. Raymond James Trust N.A. increased its stake in US Foods by 2.6% during the 1st quarter. Raymond James Trust N.A. now owns 15,254 shares of the company’s stock worth $574,000 after purchasing an additional 381 shares in the last quarter. Captrust Financial Advisors increased its stake in US Foods by 19.2% during the 2nd quarter. Captrust Financial Advisors now owns 2,555 shares of the company’s stock worth $78,000 after purchasing an additional 411 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in US Foods by 1.9% during the 4th quarter. Private Advisor Group LLC now owns 23,126 shares of the company’s stock worth $344,826,000 after purchasing an additional 424 shares in the last quarter. 97.06% of the stock is owned by institutional investors.

About US Foods

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US Foods Holding Corp. operates as a foodservice distributor. Its products include frozen and dry food and non-food products to foodservice customers throughout the U.S. The company offers services under brands Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli.

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