United Natural Foods (NASDAQ:UNFI) had its price objective cut by Pivotal Research from $34.00 to $33.00 in a report released on Wednesday morning. They currently have a sell rating on the stock.
Several other equities research analysts have also recently issued reports on UNFI. BMO Capital Markets reduced their target price on United Natural Foods from $50.00 to $41.00 and set a market perform rating on the stock in a report on Friday, June 8th. ValuEngine cut United Natural Foods from a hold rating to a sell rating in a report on Tuesday, May 8th. Zacks Investment Research cut United Natural Foods from a buy rating to a hold rating in a report on Tuesday. Wells Fargo & Co reduced their target price on United Natural Foods from $50.00 to $45.00 and set a market perform rating on the stock in a report on Thursday, June 7th. Finally, Susquehanna Bancshares set a $51.00 target price on United Natural Foods and gave the stock a hold rating in a report on Friday, March 9th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $44.44.
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Shares of United Natural Foods stock opened at $40.50 on Wednesday. United Natural Foods has a 52 week low of $29.53 and a 52 week high of $52.69. The stock has a market capitalization of $2.07 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.56 and a beta of 1.42. The company has a current ratio of 2.59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26.
United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Wednesday, June 6th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.11. United Natural Foods had a return on equity of 9.06% and a net margin of 1.72%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. equities research analysts anticipate that United Natural Foods will post 3.21 EPS for the current fiscal year.
In other United Natural Foods news, CEO Steven Spinner sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $45.23, for a total transaction of $339,225.00. Following the sale, the chief executive officer now directly owns 100,633 shares of the company’s stock, valued at $4,551,630.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph J. Traficanti sold 6,680 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $47.11, for a total value of $314,694.80. Following the sale, the insider now directly owns 9,755 shares in the company, valued at $459,558.05. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. M&T Bank Corp bought a new stake in United Natural Foods during the fourth quarter worth approximately $309,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in United Natural Foods during the fourth quarter worth approximately $4,433,000. Old Mutual Global Investors UK Ltd. bought a new stake in United Natural Foods during the fourth quarter worth approximately $112,000. Elkfork Partners LLC bought a new position in shares of United Natural Foods during the fourth quarter valued at approximately $262,000. Finally, TIAA CREF Investment Management LLC grew its stake in shares of United Natural Foods by 113.7% during the fourth quarter. TIAA CREF Investment Management LLC now owns 660,424 shares of the company’s stock valued at $32,539,000 after buying an additional 351,322 shares during the last quarter. 99.78% of the stock is currently owned by institutional investors.
United Natural Foods Company Profile
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.