US Foods (NYSE:USFD) Stock Price Expected to Rise, Morgan Stanley Analyst Says

US Foods (NYSE:USFD) had its price target lifted by Morgan Stanley from $76.00 to $82.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 19.87% from the company’s previous close.

A number of other analysts have also recently weighed in on USFD. UBS Group raised their price objective on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Melius began coverage on US Foods in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.00 price target on the stock. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Truist Financial boosted their target price on shares of US Foods from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Barclays raised their price target on shares of US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $68.92.

US Foods Price Performance

Shares of USFD stock opened at $68.41 on Tuesday. The stock’s 50-day moving average is $68.33 and its 200 day moving average is $61.74. US Foods has a 1-year low of $44.81 and a 1-year high of $72.84. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. The company has a market cap of $15.93 billion, a P/E ratio of 29.36, a PEG ratio of 0.92 and a beta of 1.67.

Hedge Funds Weigh In On US Foods

Several institutional investors and hedge funds have recently modified their holdings of the stock. Retirement Systems of Alabama increased its position in shares of US Foods by 5.4% in the third quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock valued at $21,462,000 after buying an additional 17,897 shares in the last quarter. State Street Corp lifted its stake in shares of US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after buying an additional 316,061 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of US Foods by 121.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock worth $3,164,000 after purchasing an additional 28,232 shares during the last quarter. Jag Capital Management LLC grew its holdings in US Foods by 3,175.1% in the 3rd quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock valued at $10,407,000 after buying an additional 164,060 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of US Foods by 72.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 657 shares of the company’s stock worth $40,000 after buying an additional 275 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

About US Foods

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.