Morgan Stanley Increases US Foods (NYSE:USFD) Price Target to $56.00

US Foods (NYSE:USFD) had its price target raised by Morgan Stanley from $54.00 to $56.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts have also recently commented on USFD. Deutsche Bank Aktiengesellschaft started coverage on shares of US Foods in a report on Thursday, October 19th. They issued a buy rating and a $50.00 price target for the company. Truist Financial raised their price target on shares of US Foods from $50.00 to $52.00 and gave the company a buy rating in a research report on Friday. Barclays dropped their price target on shares of US Foods from $51.00 to $44.00 and set an overweight rating on the stock in a research report on Monday, October 23rd. Finally, StockNews.com lowered shares of US Foods from a strong-buy rating to a buy rating in a research report on Monday, November 6th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, US Foods currently has an average rating of Moderate Buy and a consensus target price of $48.09.

US Foods Stock Performance

Shares of US Foods stock opened at $42.50 on Friday. The company has a 50 day moving average of $38.98 and a 200-day moving average of $40.56. US Foods has a 1-year low of $32.85 and a 1-year high of $44.52. The company has a current ratio of 1.29, a quick ratio of 0.84 and a debt-to-equity ratio of 0.97. The company has a market cap of $10.49 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 0.82 and a beta of 1.51.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. US Foods had a net margin of 1.28% and a return on equity of 13.55%. The firm had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $9.37 billion. As a group, equities research analysts forecast that US Foods will post 2.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On US Foods

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its holdings in shares of US Foods by 67.4% in the 1st quarter. NewEdge Advisors LLC now owns 708 shares of the company’s stock worth $26,000 after acquiring an additional 285 shares during the last quarter. Fifth Third Bancorp raised its holdings in US Foods by 44.6% during the 2nd quarter. Fifth Third Bancorp now owns 875 shares of the company’s stock valued at $38,000 after buying an additional 270 shares during the last quarter. KB Financial Partners LLC purchased a new position in US Foods during the 1st quarter valued at $34,000. Signaturefd LLC increased its position in US Foods by 46.6% during the 1st quarter. Signaturefd LLC now owns 1,217 shares of the company’s stock valued at $45,000 after purchasing an additional 387 shares during the period. Finally, Money Concepts Capital Corp purchased a new stake in shares of US Foods in the 4th quarter worth about $46,000. 98.69% of the stock is currently owned by institutional investors.

About US Foods

US Foods Holding Corp., through its subsidiary, 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.