Piper Sandler started coverage on shares of US Foods (NYSE:USFD) in a report issued on Friday, The Fly reports. The firm set an “overweight” rating and a $45.00 price target on the stock. Piper Sandler’s price objective would indicate a potential upside of 13.75% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company boosted their target price on shares of US Foods from $47.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, January 27th. Barclays boosted their price target on US Foods from $34.00 to $38.00 in a research note on Wednesday, February 17th. Zacks Investment Research raised US Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, March 24th. JPMorgan Chase & Co. boosted their price target on US Foods from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, March 15th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of US Foods in a research note on Tuesday, February 2nd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $39.00.
Shares of US Foods stock opened at $39.56 on Friday. The firm has a 50-day moving average of $37.78 and a 200-day moving average of $32.09. The stock has a market cap of $8.75 billion, a PE ratio of -62.79 and a beta of 1.80. US Foods has a 52-week low of $15.60 and a 52-week high of $41.23. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.05 and a current ratio of 1.60.
In other news, CEO Pietro Satriano sold 42,939 shares of the business’s stock in a transaction dated Thursday, February 18th. The stock was sold at an average price of $35.50, for a total transaction of $1,524,334.50. Following the sale, the chief executive officer now directly owns 518,168 shares in the company, valued at $18,394,964. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Andrew E. Iacobucci sold 7,684 shares of the business’s stock in a transaction dated Thursday, March 25th. The stock was sold at an average price of $35.80, for a total value 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. In the last three months, insiders have sold 82,101 shares of company stock valued at $2,946,108. Insiders own 0.96% of the company’s stock.
Several large investors have recently added to or reduced their stakes in USFD. Arkadios Wealth Advisors bought a new stake in shares of US Foods during the fourth quarter worth about $44,000. Salem Investment Counselors Inc. bought a new stake in shares of US Foods during the fourth quarter worth about $67,000. Captrust Financial Advisors grew its holdings in shares of US Foods by 73.6% during the fourth quarter. Captrust Financial Advisors now owns 3,601 shares of the company’s stock worth $120,000 after purchasing an additional 1,527 shares during the last quarter. Ossiam bought a new stake in US Foods in the fourth quarter valued at approximately $123,000. Finally, Panagora Asset Management Inc. boosted its holdings in US Foods by 8.2% in the fourth quarter. Panagora Asset Management Inc. now owns 3,732 shares of the company’s stock valued at $124,000 after acquiring an additional 282 shares during the last quarter. 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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