United Natural Foods, Inc. (NYSE:UNFI) Receives $18.40 Consensus PT from Analysts

United Natural Foods, Inc. (NYSE:UNFI) has been given an average rating of “Hold” by the six research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $18.40.

A number of research firms recently issued reports on UNFI. The Goldman Sachs Group raised their target price on shares of United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. BMO Capital Markets boosted their price objective on United Natural Foods from $14.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, October 2nd. UBS Group raised their price target on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Finally, Northcoast Research raised United Natural Foods from a “neutral” rating to a “buy” rating in a research note on Friday, October 11th.

Insider Activity

In other news, insider Danielle Benedict sold 9,050 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $22.10, for a total value of $200,005.00. Following the sale, the insider now directly owns 88,218 shares in the company, valued at $1,949,617.80. The trade was a 9.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On United Natural Foods

Several institutional investors have recently bought and sold shares of UNFI. nVerses Capital LLC bought a new position in United Natural Foods in the second quarter valued at $28,000. Public Employees Retirement System of Ohio bought a new stake in shares of United Natural Foods during the first quarter worth approximately $38,000. Allspring Global Investments Holdings LLC lifted its holdings 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 during the last quarter. CWM LLC grew its holdings in United Natural Foods by 661.8% in the 2nd quarter. CWM LLC now owns 3,314 shares of the company’s stock valued at $43,000 after buying an additional 2,879 shares in the last quarter. Finally, EMC Capital Management boosted its position in shares of United Natural Foods by 39.6% in the first quarter. EMC Capital Management now owns 6,430 shares of the company’s stock valued at $74,000 after acquiring an additional 1,824 shares during the period. Institutional investors own 87.63% of the company’s stock.

United Natural Foods Price Performance

Shares of NYSE:UNFI opened at $23.61 on Thursday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -12.49 and a beta of 0.62. United Natural Foods has a 1 year low of $8.58 and a 1 year high of $23.78. The company has a current ratio of 1.44, a quick ratio of 0.52 and a debt-to-equity ratio of 1.28. The business has a fifty day simple moving average of $19.92 and a 200 day simple moving average of $15.60.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Tuesday, October 1st. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $7.94 billion. United Natural Foods had a positive return on equity of 0.54% and a negative net margin of 0.36%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the business earned ($0.25) EPS. As a group, sell-side analysts predict that United Natural Foods will post 0.64 earnings per share for the current fiscal year.

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.