Guggenheim Reiterates Neutral Rating for United Natural Foods (NYSE:UNFI)

United Natural Foods (NYSE:UNFI)‘s stock had its “neutral” rating restated by research analysts at Guggenheim in a research report issued on Thursday,Benzinga reports.

UNFI has been the topic of a number of other research reports. The Goldman Sachs Group lifted their price objective 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. UBS Group upped their target price on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Northcoast Research raised United Natural Foods from a “neutral” rating to a “buy” rating in a report on Friday, October 11th. Roth Mkm increased their price objective on United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, BMO Capital Markets upped their price target on shares of United Natural Foods from $23.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.60.

United Natural Foods Trading Up 0.1 %

NYSE:UNFI opened at $28.49 on Thursday. United Natural Foods has a 52-week low of $8.58 and a 52-week high of $32.20. The company has a quick ratio of 0.52, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The stock has a fifty day simple moving average of $22.43 and a 200-day simple moving average of $17.11. The company has a market capitalization of $1.71 billion, a PE ratio of -18.15 and a beta of 0.64.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18. The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.61 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) earnings per share. On average, equities research analysts expect that United Natural Foods will post 0.66 earnings per share for the current fiscal year.

Insider Activity

In other United Natural Foods news, insider Danielle Benedict sold 9,050 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $22.10, for a total transaction of $200,005.00. Following the transaction, the insider now directly owns 88,218 shares of the company’s stock, valued at $1,949,617.80. This represents a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. CWM LLC grew its position in shares of United Natural Foods by 661.8% in the second quarter. CWM LLC now owns 3,314 shares of the company’s stock valued at $43,000 after purchasing an additional 2,879 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in United Natural Foods by 3.6% during the second quarter. SummerHaven Investment Management LLC now owns 37,235 shares of the company’s stock valued at $488,000 after purchasing an additional 1,303 shares in the last quarter. Keynote Financial Services LLC boosted its stake in United Natural Foods by 6.6% in the 2nd quarter. Keynote Financial Services LLC now owns 17,517 shares of the company’s stock valued at $229,000 after buying an additional 1,091 shares in the last quarter. Bfsg LLC raised its stake in United Natural Foods by 27.8% during the second quarter. Bfsg LLC now owns 13,214 shares of the company’s stock worth $173,000 after acquiring an additional 2,874 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of United Natural Foods by 4.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 343,052 shares of the company’s stock valued at $4,494,000 after purchasing an additional 13,165 shares in the last quarter. 87.63% of the stock is owned by institutional investors.

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.