US Foods (NYSE:USFD) PT Raised to $45.00 at Morgan Stanley

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.

US Foods (NYSE:USFD) last released its earnings results on Monday, May 10th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.09. US Foods had a negative net margin of 0.52% and a positive return on equity of 4.39%. The business had revenue of $6.30 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. On average, research analysts anticipate that US Foods will post 0.17 EPS for the current fiscal year.

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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Analyst Recommendations for US Foods (NYSE:USFD)

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