United Natural Foods (NYSE:UNFI) Hits New 1-Year Low at $9.18

United Natural Foods, Inc. (NYSE:UNFI) shares reached a new 52-week low on Monday . The company traded as low as $9.18 and last traded at $9.22, with a volume of 63773 shares trading hands. The stock had previously closed at $9.27.

Analyst Ratings Changes

UNFI has been the topic of a number of recent analyst reports. StockNews.com cut United Natural Foods from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Roth Mkm reaffirmed a “neutral” rating and set a $13.00 price target (down previously from $15.00) on shares of United Natural Foods in a report on Thursday, March 7th. Finally, Wells Fargo & Company cut their price target on United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.40.

United Natural Foods Stock Down 2.2 %

The company has a quick ratio of 0.54, a current ratio of 1.53 and a debt-to-equity ratio of 1.29. The firm has a market cap of $529.02 million, a price-to-earnings ratio of -4.56 and a beta of 0.55. The stock’s 50 day moving average is $12.38 and its 200 day moving average is $14.35.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. United Natural Foods had a negative net margin of 0.38% and a positive return on equity of 1.20%. The business had revenue of $7.78 billion for the quarter, compared to analyst estimates of $7.87 billion. During the same quarter last year, the business earned $0.78 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Analysts forecast that United Natural Foods, Inc. will post 0.01 EPS for the current year.

Insiders Place Their Bets

In other United Natural Foods news, CAO Richard Eric Esper sold 4,375 shares of United Natural Foods stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $11.35, for a total value of $49,656.25. Following the transaction, the chief accounting officer now owns 32,865 shares in the company, valued at $373,017.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in United Natural Foods in the fourth quarter worth approximately $32,000. Quest Partners LLC acquired a new position in United Natural Foods in the fourth quarter worth approximately $35,000. Allspring Global Investments Holdings LLC grew its position in United Natural Foods by 317.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,634 shares of the company’s stock worth $42,000 after purchasing an additional 2,763 shares in the last quarter. EMC Capital Management grew its position in United Natural Foods by 17.7% during the 3rd quarter. EMC Capital Management now owns 4,606 shares of the company’s stock worth $65,000 after purchasing an additional 691 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its position in United Natural Foods by 266,300.0% during the 4th quarter. TFO Wealth Partners LLC now owns 5,328 shares of the company’s stock worth $86,000 after purchasing an additional 5,326 shares in the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.