Morgan Stanley Forecasts Strong Price Appreciation for US Foods (NYSE:USFD) Stock

US Foods (NYSE:USFD - Free Report) had its price objective upped by Morgan Stanley from $76.00 to $82.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

USFD has been the subject of several other reports. JPMorgan Chase & Co. lifted their target price on US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Barclays upped their target price on shares of US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Truist Financial raised their price target on shares of US Foods from $74.00 to $78.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. StockNews.com raised US Foods from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. Finally, UBS Group lifted their target price on US Foods from $67.00 to $77.00 and gave the company a "buy" rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $68.92.

US Foods Trading Up 1.2 %

Shares of US Foods stock traded up $0.82 during trading hours on Tuesday, hitting $69.13. The company's stock had a trading volume of 1,686,224 shares, compared to its average volume of 1,427,149. The firm has a fifty day moving average of $68.33 and a 200-day moving average of $61.74. US Foods has a twelve month low of $44.81 and a twelve month high of $72.84. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. The stock has a market cap of $16.10 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 0.92 and a beta of 1.67.

Hedge Funds Weigh In On US Foods

Several hedge funds have recently made changes to their positions in USFD. First Citizens Bank & Trust Co. grew its stake in US Foods by 76.7% during the 4th quarter. First Citizens Bank & Trust Co. now owns 7,494 shares of the company's stock worth $506,000 after buying an additional 3,252 shares during the last quarter. Fifth Third Bancorp grew its position in shares of US Foods by 11.5% during the fourth quarter. Fifth Third Bancorp now owns 2,636 shares of the company's stock worth $178,000 after acquiring an additional 271 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of US Foods by 18.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,193 shares of the company's stock valued at $1,430,000 after acquiring an additional 3,253 shares during the period. SG Americas Securities LLC raised its position in US Foods by 175.5% in the 4th quarter. SG Americas Securities LLC now owns 9,242 shares of the company's stock valued at $623,000 after purchasing an additional 5,887 shares during the last quarter. Finally, Dakota Wealth Management boosted its stake in US Foods by 17.0% during the 4th quarter. Dakota Wealth Management now owns 3,899 shares of the company's stock worth $263,000 after purchasing an additional 566 shares during the period. Hedge funds and other 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.