US Foods (NYSE:USFD) Price Target Raised to $82.00

US Foods (NYSE:USFD) had its target price lifted by stock analysts at Morgan Stanley from $76.00 to $82.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 19.87% from the company’s previous close.

Several other brokerages have also recently issued reports on USFD. Melius assumed coverage on shares of US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 target price for the company. Melius Research raised US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. Barclays raised 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. JPMorgan Chase & Co. increased their price target on shares of US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, UBS Group lifted their price objective on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $68.92.

US Foods Stock Performance

Shares of USFD stock opened at $68.41 on Tuesday. The firm has a fifty day moving average price of $68.33 and a 200 day moving average price of $61.74. The company has a market cap of $15.93 billion, a P/E ratio of 29.36, a PEG ratio of 0.92 and a beta of 1.67. US Foods has a 12 month low of $44.81 and a 12 month high of $72.84. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01.

Institutional Trading of US Foods

A number of institutional investors have recently bought and sold shares of the company. Public Sector Pension Investment Board grew its position in shares of US Foods by 100.2% in the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock valued at $369,000 after purchasing an additional 2,500,000 shares during the last quarter. Wellington Management Group LLP lifted its stake in US Foods by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock valued at $744,548,000 after buying an additional 2,435,357 shares in the last quarter. Congress Asset Management Co. acquired a new stake in US Foods during the 3rd quarter valued at $121,196,000. Marshall Wace LLP purchased a new position in US Foods during the second quarter worth $27,473,000. Finally, State Street Corp raised its holdings in shares of US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after acquiring an additional 316,061 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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.