US Foods (NYSE:USFD) Given New $82.00 Price Target at Morgan Stanley

US Foods (NYSE:USFD) had its target price raised by Morgan Stanley from $76.00 to $82.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other analysts also recently issued research reports about the stock. Piper Sandler lifted their price target on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Jefferies Financial Group upped their target price on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Melius Research upgraded US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Barclays increased their price objective on US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Melius began coverage on US Foods in a report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price target for the company. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $68.92.

US Foods Stock Performance

Shares of US Foods stock opened at $69.13 on Tuesday. The business has a 50-day simple moving average of $68.33 and a 200 day simple moving average of $61.74. The firm has a market capitalization of $16.10 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 0.92 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. US Foods has a one year low of $44.81 and a one year high of $72.84.

Institutional Investors Weigh In On US Foods

Hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV increased its stake in shares of US Foods by 7.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 18,095 shares of the company’s stock worth $959,000 after purchasing an additional 1,177 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of US Foods by 20.1% during the second quarter. Pacer Advisors Inc. now owns 47,874 shares of the company’s stock worth $2,536,000 after acquiring an additional 8,024 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of US Foods by 91.4% in the second quarter. Sei Investments Co. now owns 236,990 shares of the company’s stock worth $12,556,000 after acquiring an additional 113,168 shares during the period. Thrivent Financial for Lutherans grew its position in shares of US Foods by 69.8% in the second quarter. Thrivent Financial for Lutherans now owns 96,266 shares of the company’s stock valued at $5,100,000 after purchasing an additional 39,585 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC raised its stake in shares of US Foods by 13.5% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 12,065 shares of the company’s stock valued at $639,000 after purchasing an additional 1,431 shares during the period. Institutional investors own 98.76% of the company’s stock.

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.