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

US Foods (NYSE:USFD) had its target price boosted by Morgan Stanley from $76.00 to $82.00 in a report issued on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also issued reports on the stock. Melius assumed coverage on shares of US Foods in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective 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. Jefferies Financial Group boosted their price objective 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 raised shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, UBS Group upped their target price on shares of US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One equities 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $68.92.

US Foods Trading Down 0.7 %

NYSE USFD opened at $68.81 on Tuesday. 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 $16.03 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 0.93 and a beta of 1.67. The firm’s 50 day moving average price is $68.42 and its two-hundred day moving average price is $61.91.

Institutional Trading of US Foods

Institutional investors and hedge funds have recently made changes to their positions in the company. Retirement Systems of Alabama boosted its position in US Foods by 5.4% during the third quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock worth $21,462,000 after purchasing an additional 17,897 shares during the period. State Street Corp boosted its position in US Foods by 4.7% during the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after purchasing an additional 316,061 shares during the period. Oppenheimer Asset Management Inc. boosted its position in US Foods by 121.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock worth $3,164,000 after purchasing an additional 28,232 shares during the period. Jag Capital Management LLC boosted its position in US Foods by 3,175.1% during the third quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock worth $10,407,000 after purchasing an additional 164,060 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in US Foods by 72.0% during the third quarter. Venturi Wealth Management LLC now owns 657 shares of the company’s stock worth $40,000 after purchasing an additional 275 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.