Morgan Stanley reissued their overweight rating on shares of US Foods (NYSE:USFD - Free Report) in a report issued on Monday, Marketbeat reports. The brokerage currently has a $89.00 price objective on the stock, up from their previous price objective of $84.00.
USFD has been the subject of several other reports. JPMorgan Chase & Co. raised their target price on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Wall Street Zen upgraded US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Citigroup began coverage on US Foods in a research report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target on the stock. Barclays upped their price target on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, UBS Group boosted their target price on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, US Foods has an average rating of "Buy" and an average price target of $77.42.
View Our Latest Stock Report on USFD
US Foods Trading Up 1.8%
Shares of US Foods stock traded up $1.42 during trading on Monday, reaching $81.97. 3,930,873 shares of the stock were exchanged, compared to its average volume of 2,194,954. US Foods has a 1 year low of $50.49 and a 1 year high of $82.06. The firm has a market cap of $18.96 billion, a price-to-earnings ratio of 37.60, a price-to-earnings-growth ratio of 1.16 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. The stock's fifty day moving average is $76.31 and its 200 day moving average is $70.28.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). The business had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. US Foods had a return on equity of 15.58% and a net margin of 1.38%. US Foods's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. As a group, equities research analysts expect that US Foods will post 3.59 earnings per share for the current fiscal year.
Insider Buying and Selling at US Foods
In related news, EVP Dirk J. Locascio sold 7,500 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $600,000.00. Following the transaction, the executive vice president directly owned 115,077 shares of the company's stock, valued at approximately $9,206,160. This represents a 6.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of USFD. EntryPoint Capital LLC bought a new position in US Foods during the 4th quarter valued at about $357,000. Sumitomo Mitsui Trust Group Inc. lifted its position in US Foods by 14.5% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company's stock valued at $622,000 after purchasing an additional 1,200 shares during the period. GAMMA Investing LLC lifted its position in US Foods by 16.0% during the first quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock valued at $226,000 after purchasing an additional 478 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in US Foods by 49.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock worth $2,731,000 after purchasing an additional 13,821 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in US Foods by 487.2% during the 1st quarter. Blue Trust Inc. now owns 875 shares of the company's stock valued at $57,000 after buying an additional 726 shares during the last quarter. 98.76% of the stock is owned by institutional investors.
US Foods Company Profile
(
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.
Read More
Before you consider US Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and US Foods wasn't on the list.
While US Foods currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
