Morgan Stanley Increases US Foods (NYSE:USFD) Price Target to $62.00

US Foods (NYSE:USFD) had its target price upped by analysts at Morgan Stanley from $60.00 to $62.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 22.60% from the stock’s previous close.

A number of other brokerages also recently commented on USFD. Truist Financial boosted their target price on shares of US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. raised their price target on shares of US Foods from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Piper Sandler raised shares of US Foods from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $45.00 to $59.00 in a research report on Tuesday, February 20th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Finally, BTIG Research raised their price objective on shares of US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $54.92.

US Foods Stock Down 2.9 %

Shares of USFD opened at $50.57 on Friday. The firm has a market capitalization of $12.40 billion, a P/E ratio of 25.03, a P/E/G ratio of 0.87 and a beta of 1.58. US Foods has a 12-month low of $35.66 and a 12-month high of $54.94. The company has a current ratio of 1.30, a quick ratio of 0.78 and a debt-to-equity ratio of 0.96. The firm has a fifty day moving average price of $51.37 and a 200-day moving average price of $45.69.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The company had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. Equities research analysts expect that US Foods will post 2.91 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the transaction, the executive vice president now owns 148,561 shares in the company, valued at approximately $7,802,423.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of US Foods

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC purchased a new stake in US Foods in the 1st quarter valued at about $30,000. Blue Trust Inc. purchased a new stake in US Foods in the 4th quarter valued at about $30,000. NewEdge Advisors LLC raised its holdings in US Foods by 67.4% in the 1st quarter. NewEdge Advisors LLC now owns 708 shares of the company’s stock valued at $26,000 after buying an additional 285 shares during the period. GAMMA Investing LLC purchased a new stake in US Foods during the fourth quarter worth about $41,000. Finally, KB Financial Partners LLC purchased a new stake in US Foods during the first quarter worth about $34,000. 98.76% of the stock is currently 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.