United Natural Foods, Inc. (NASDAQ:UNFI) has been given a consensus rating of “Hold” by the twenty-three analysts that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $44.00.
UNFI has been the topic of a number of analyst reports. Oppenheimer restated a “hold” rating on shares of United Natural Foods in a research note on Monday, September 18th. Royal Bank of Canada restated a “sector perform” rating and issued a $36.00 price target (up from $34.00) on shares of United Natural Foods in a research note on Wednesday, September 20th. Argus upgraded United Natural Foods from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Monday, September 25th. Barclays restated a “sell” rating and issued a $32.00 price target on shares of United Natural Foods in a research note on Thursday, September 28th. Finally, TheStreet upgraded United Natural Foods from a “c” rating to a “b-” rating in a research note on Thursday, October 5th.
In other news, CEO Steven Spinner sold 49,026 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $49.49, for a total value of $2,426,296.74. Following the completion of the transaction, the chief executive officer now directly owns 102,637 shares of the company’s stock, valued at $5,079,505.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Michael Hummel sold 1,773 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $49.42, for a total value of $87,621.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,191 shares of company stock valued at $5,140,875. 1.40% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UNFI. Legal & General Group Plc raised its holdings in shares of United Natural Foods by 6.6% in the second quarter. Legal & General Group Plc now owns 78,143 shares of the company’s stock worth $2,863,000 after acquiring an additional 4,856 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of United Natural Foods in the second quarter worth $531,000. Prudential Financial Inc. raised its holdings in shares of United Natural Foods by 15.7% in the second quarter. Prudential Financial Inc. now owns 161,331 shares of the company’s stock worth $5,921,000 after acquiring an additional 21,900 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of United Natural Foods by 5.0% in the second quarter. Principal Financial Group Inc. now owns 217,576 shares of the company’s stock worth $7,985,000 after acquiring an additional 10,300 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of United Natural Foods by 2.5% in the second quarter. Swiss National Bank now owns 85,000 shares of the company’s stock worth $3,120,000 after acquiring an additional 2,100 shares during the last quarter.
Shares of United Natural Foods (NASDAQ:UNFI) opened at $47.42 on Monday. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.25. United Natural Foods has a 12 month low of $29.53 and a 12 month high of $52.69. The firm has a market capitalization of $2,390.02, a P/E ratio of 18.38, a P/E/G ratio of 2.78 and a beta of 1.46.
United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the business earned $0.58 earnings per share. research analysts anticipate that United Natural Foods will post 2.78 EPS for the current year.
United Natural Foods declared that its Board of Directors has initiated a stock repurchase program on Friday, October 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
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About United Natural Foods
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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