Roth Mkm Boosts United Natural Foods (NYSE:UNFI) Price Target to $26.00

United Natural Foods (NYSE:UNFI) had its price objective hoisted by research analysts at Roth Mkm from $20.00 to $26.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Roth Mkm’s target price suggests a potential downside of 8.74% from the company’s previous close.

UNFI has been the topic of several other research reports. BMO Capital Markets upped their target price on shares of United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday. The Goldman Sachs Group increased their price objective on shares of United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. UBS Group lifted their price objective on United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Northcoast Research raised shares of United Natural Foods from a “neutral” rating to a “buy” rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, United Natural Foods currently has a consensus rating of “Hold” and an average target price of $22.60.

United Natural Foods Stock Performance

Shares of UNFI opened at $28.49 on Thursday. 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 market cap of $1.71 billion, a P/E ratio of -18.15 and a beta of 0.64. The business’s 50 day moving average price is $22.43 and its 200-day moving average price is $17.11. United Natural Foods has a 52 week low of $8.58 and a 52 week high of $32.20.

United Natural Foods (NYSE:UNFI) last released its earnings results on Tuesday, December 10th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.18. The firm had revenue of $7.90 billion for the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share. Equities research analysts anticipate that United Natural Foods will post 0.66 earnings per share for the current fiscal year.

Insider Activity at United Natural Foods

In other news, insider Danielle Benedict sold 9,050 shares of the company’s stock in a transaction dated 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 owns 88,218 shares in the company, valued at $1,949,617.80. This represents a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Natural Foods

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its holdings in shares of United Natural Foods by 661.8% during the second quarter. CWM LLC now owns 3,314 shares of the company’s stock worth $43,000 after purchasing an additional 2,879 shares during the period. SummerHaven Investment Management LLC lifted 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 holdings 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 worth $229,000 after buying an additional 1,091 shares during the last quarter. Bfsg LLC boosted its stake in shares of United Natural Foods by 27.8% in 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 during the last quarter. Finally, Panagora Asset Management Inc. grew its position in shares of United Natural Foods by 4.0% in the second 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 currently owned by institutional investors and hedge funds.

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.