US Foods (NYSE:USFD) Given New $62.00 Price Target at Morgan Stanley

US Foods (NYSE:USFD - Free Report) had its price target hoisted by Morgan Stanley from $60.00 to $62.00 in a research note released on Friday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research analysts have also commented on USFD. UBS Group raised shares of US Foods from a neutral rating to a buy rating and upped their price objective for the company from $47.00 to $64.00 in a research report on Tuesday, February 20th. Truist Financial upped their price objective on shares of US Foods from $52.00 to $57.00 and gave the company a buy rating in a research report on Tuesday, February 20th. BMO Capital Markets increased their price target on shares of US Foods from $50.00 to $58.00 and gave the stock an outperform rating in a research report on Friday, February 16th. StockNews.com raised shares of US Foods from a buy rating to a strong-buy rating in a research report on Friday, February 23rd. Finally, Piper Sandler raised shares of US Foods from a neutral rating to an overweight rating and increased their price target for the stock from $45.00 to $59.00 in a research report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, US Foods has a consensus rating of Buy and a consensus price target of $54.92.

US Foods Stock Performance

USFD stock traded down $1.51 during mid-day trading on Friday, reaching $50.56. 1,537,091 shares of the stock traded hands, compared to its average volume of 1,740,365. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. US Foods has a 52 week low of $35.66 and a 52 week high of $54.94. The business has a 50-day moving average of $51.37 and a two-hundred day moving average of $45.64. The firm has a market capitalization of $12.40 billion, a PE ratio of 25.03, a P/E/G ratio of 0.86 and a beta of 1.58.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.60 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 analyst estimates of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. As a group, equities analysts predict that US Foods will post 2.91 EPS for the current fiscal year.

Insider Transactions at US Foods

In other news, EVP David A. Rickard sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the completion of the sale, the executive vice president now owns 148,561 shares of the company's stock, valued at $7,802,423.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.00% of the company's stock.

Institutional Trading of US Foods

Several hedge funds have recently modified their holdings of USFD. BlackRock Inc. boosted its stake in US Foods by 110.7% in the first quarter. BlackRock Inc. now owns 18,025,965 shares of the company's stock valued at $665,879,000 after acquiring an additional 9,471,020 shares during the last quarter. Victory Capital Management Inc. boosted its stake in US Foods by 98.2% in the fourth quarter. Victory Capital Management Inc. now owns 9,220,688 shares of the company's stock valued at $418,711,000 after acquiring an additional 4,569,002 shares during the last quarter. State Street Corp boosted its stake in US Foods by 75.8% in the first quarter. State Street Corp now owns 5,756,405 shares of the company's stock valued at $212,642,000 after acquiring an additional 2,481,753 shares during the last quarter. Norges Bank bought a new position in US Foods in the fourth quarter valued at approximately $108,316,000. Finally, Sessa Capital IM L.P. bought a new position in US Foods in the fourth quarter valued at approximately $50,355,000. 98.76% of the stock is owned by 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.