United Natural Foods, Inc. (NASDAQ:UNFI)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group LLC in a report released on Monday.
Other equities research analysts have also issued research reports about the company. Loop Capital reissued a “buy” rating and set a $44.00 price objective (down previously from $48.00) on shares of United Natural Foods in a research note on Monday, June 26th. BidaskClub lowered United Natural Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Wells Fargo & Company reissued a “hold” rating and set a $35.00 price objective on shares of United Natural Foods in a research note on Thursday, June 29th. Royal Bank Of Canada set a $34.00 price objective on United Natural Foods and gave the company a “hold” rating in a research note on Sunday, July 16th. Finally, Zacks Investment Research raised United Natural Foods from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $42.41.
Shares of United Natural Foods (NASDAQ UNFI) traded up 0.22% during trading on Monday, reaching $40.57. The company’s stock had a trading volume of 720,046 shares. The stock has a 50-day moving average of $39.09 and a 200-day moving average of $38.88. The stock has a market cap of $2.05 billion, a P/E ratio of 15.85 and a beta of 1.43. United Natural Foods has a 52-week low of $29.53 and a 52-week high of $49.74.
United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.02. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.36 billion. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.70 earnings per share. Analysts predict that United Natural Foods will post $2.72 earnings per share for the current fiscal year.
United Natural Foods declared that its Board of Directors has initiated a share repurchase plan on Friday, October 6th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
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In related news, insider John Michael Hummel sold 1,407 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $40.72, for a total transaction of $57,293.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Sean Griffin sold 8,095 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $43.25, for a total value of $350,108.75. Following the transaction, the chief operating officer now owns 6,521 shares in the company, valued at approximately $282,033.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,498 shares of company stock worth $2,659,539. 1.30% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in UNFI. KBC Group NV increased its holdings in United Natural Foods by 243.8% during the 1st quarter. KBC Group NV now owns 9,208 shares of the company’s stock valued at $398,000 after purchasing an additional 6,530 shares during the period. SG Americas Securities LLC purchased a new position in United Natural Foods during the 1st quarter valued at about $581,000. OppenheimerFunds Inc. increased its holdings in United Natural Foods by 31.3% during the 1st quarter. OppenheimerFunds Inc. now owns 49,656 shares of the company’s stock valued at $2,146,000 after purchasing an additional 11,838 shares during the period. Principal Financial Group Inc. increased its holdings in United Natural Foods by 3.9% during the 1st quarter. Principal Financial Group Inc. now owns 207,276 shares of the company’s stock valued at $8,961,000 after purchasing an additional 7,773 shares during the period. Finally, Advantus Capital Management Inc increased its holdings in United Natural Foods by 3.2% during the 1st quarter. Advantus Capital Management Inc now owns 6,476 shares of the company’s stock valued at $280,000 after purchasing an additional 200 shares during the period.
United Natural Foods Company Profile
United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
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