US Foods (NYSE:USFD) Coverage Initiated at Piper Sandler


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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.

US Foods (NYSE:USFD) last announced its earnings results on Monday, February 15th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.11). The business had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $5.92 billion. US Foods had a negative net margin of 0.52% and a positive return on equity of 4.39%. Equities research analysts predict that US Foods will post 0.17 earnings per share for the current fiscal year.

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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Analyst Recommendations for US Foods (NYSE:USFD)

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