US Foods (NYSE:USFD) had its price objective hoisted by Morgan Stanley from $41.00 to $45.00 in a research report sent to investors on Tuesday morning, Analyst Ratings Network reports. The brokerage currently has an equal weight rating on the stock.
A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of US Foods from a sell rating to a hold rating in a report on Wednesday, March 24th. Piper Sandler assumed coverage on shares of US Foods in a report on Thursday, April 15th. They issued an overweight rating and a $45.00 price objective for the company. Wells Fargo & Company upped their price objective on shares of US Foods from $47.00 to $50.00 and gave the company an overweight rating in a report on Wednesday, January 27th. BTIG Research upped their price objective on shares of US Foods from $39.00 to $45.00 and gave the company a buy rating in a report on Wednesday, March 31st. Finally, Barclays upped their price objective on shares of US Foods from $34.00 to $38.00 in a report on Wednesday, February 17th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. US Foods presently has a consensus rating of Buy and a consensus target price of $40.64.
US Foods stock opened at $39.39 on Tuesday. US Foods has a 52-week low of $16.71 and a 52-week high of $42.10. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of -62.52 and a beta of 1.80. The company has a fifty day simple moving average of $39.05 and a 200-day simple moving average of $34.86. The company has a quick ratio of 1.05, a current ratio of 1.60 and a debt-to-equity ratio of 1.60.
In related news, insider Andrew E. Iacobucci sold 1,478 shares of the company’s stock in a transaction that occurred on Monday, March 29th. The shares were sold at an average price of $37.00, for a total transaction of $54,686.00. Following the sale, the insider now directly owns 142,377 shares in the company, valued at $5,267,949. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew E. Iacobucci sold 7,684 shares of the company’s stock in a transaction that occurred on Thursday, March 25th. The stock was sold at an average price of $35.80, for a total transaction of $275,087.20. Following the sale, the insider now owns 147,246 shares in the company, valued at $5,271,406.80. The disclosure for this sale can be found here. Insiders have sold 82,101 shares of company stock worth $2,946,108 in the last three months. Corporate insiders own 0.96% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC purchased a new stake in shares of US Foods during the first quarter worth approximately $35,000. International Assets Investment Management LLC increased its stake in US Foods by 100.0% in the first quarter. International Assets Investment Management LLC now owns 1,084 shares of the company’s stock valued at $39,000 after purchasing an additional 542 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in US Foods in the fourth quarter valued at approximately $44,000. Arlington Partners LLC purchased a new position in US Foods in the first quarter valued at approximately $66,000. Finally, Salem Investment Counselors Inc. purchased a new position in US Foods in the fourth quarter valued at approximately $67,000. Hedge funds and other institutional investors own 88.84% of the company’s stock.
About US Foods
US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes 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.
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