US Foods (NYSE:USFD) Price Target Raised to $84.00

US Foods (NYSE:USFD) had its price objective upped by Morgan Stanley from $81.00 to $84.00 in a research note published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently issued reports on USFD. Guggenheim reiterated a “buy” rating and set a $80.00 price target on shares of US Foods in a research report on Monday, April 14th. StockNews.com cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Truist Financial raised their price objective on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Piper Sandler upped their target price on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Barclays increased their target price on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $73.00.

US Foods Trading Down 0.2%

NYSE:USFD opened at $71.64 on Friday. US Foods has a 1 year low of $50.05 and a 1 year high of $73.19. The stock’s fifty day moving average price is $64.89 and its two-hundred day moving average price is $67.20. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The company has a market cap of $16.51 billion, a P/E ratio of 35.47, a P/E/G ratio of 1.03 and a beta of 1.35.

US Foods (NYSE:USFD) last issued 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 company had revenue of $9.35 billion for the quarter, compared to analysts’ expectations of $9.42 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. As a group, analysts expect that US Foods will post 3.59 EPS for the current year.

Insiders Place Their Bets

In related news, Director David W. Bullock purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the purchase, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $319,770. This trade represents a 800.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Institutional Trading of US Foods

A number of institutional investors have recently made changes to their positions in USFD. Norges Bank purchased a new stake in US Foods during the 4th quarter valued at $211,300,000. Artisan Partners Limited Partnership purchased a new stake in shares of US Foods during the fourth quarter worth about $171,107,000. Jupiter Asset Management Ltd. bought a new stake in shares of US Foods in the first quarter worth about $91,087,000. Primecap Management Co. CA increased its holdings in US Foods by 194.6% during the 1st quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company’s stock valued at $127,084,000 after purchasing an additional 1,282,379 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in US Foods during the 4th quarter valued at about $48,611,000. Hedge funds and other institutional investors 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.