Morgan Stanley Reiterates “Overweight” Rating for US Foods (NYSE:USFD)

US Foods (NYSE:USFDGet Free Report)‘s stock had its “overweight” rating reaffirmed by Morgan Stanley in a research note issued on Monday, Marketbeat Ratings reports. They presently have a $89.00 target price on the stock, up from their prior target price of $84.00. Morgan Stanley’s price target indicates a potential upside of 9.78% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. UBS Group boosted their price target on shares of US Foods from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Wall Street Zen raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 24th. Citigroup started coverage on shares of US Foods in a report on Thursday, May 22nd. They set a “buy” rating and a $95.00 price objective on the stock. Barclays upped their price objective on shares of US Foods from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Finally, Guggenheim reaffirmed a “buy” rating and set a $80.00 price objective on shares of US Foods in a report on Monday, May 12th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, US Foods presently has a consensus rating of “Buy” and an average target price of $77.42.

Check Out Our Latest Analysis on USFD

US Foods Trading Down 1.1%

Shares of US Foods stock opened at $81.07 on Monday. The company has a market capitalization of $18.76 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 1.18 and a beta of 1.41. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. US Foods has a 12-month low of $50.49 and a 12-month high of $82.62. The firm’s 50-day moving average price is $76.86 and its two-hundred day moving average price is $70.45.

US Foods (NYSE:USFDGet Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). The firm had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. US Foods had a return on equity of 15.58% and a net margin of 1.38%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 earnings per share. On average, analysts forecast that US Foods will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Dirk J. Locascio sold 7,500 shares of US Foods stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $600,000.00. Following the completion of the sale, the executive vice president directly owned 115,077 shares in the company, valued at approximately $9,206,160. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Colonial Trust Co SC purchased a new stake in shares of US Foods during the 4th quarter worth approximately $25,000. GeoWealth Management LLC increased its position in shares of US Foods by 94.5% during the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of US Foods during the 1st quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its position in shares of US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after purchasing an additional 178 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in shares of US Foods during the 4th quarter valued at approximately $32,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

About US Foods

(Get Free Report)

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.

Further Reading

Analyst Recommendations for US Foods (NYSE:USFD)

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