United Natural Foods (NYSE:UNFI) Price Target Raised to $32.00

United Natural Foods (NYSE:UNFI) had its price objective increased by BMO Capital Markets from $23.00 to $32.00 in a research note published on Wednesday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Other equities analysts also recently issued reports about the stock. Northcoast Research upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating in a research note on Friday, October 11th. The Goldman Sachs Group boosted their price target on United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Finally, UBS Group lifted their target price 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. One 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 MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.60.

United Natural Foods Trading Up 0.1 %

Shares of NYSE UNFI opened at $28.49 on Wednesday. United Natural Foods has a fifty-two week low of $8.58 and a fifty-two week high of $32.20. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.52 and a current ratio of 1.48. The company has a market cap of $1.71 billion, a price-to-earnings 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 (NYSE:UNFI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.18. The company had revenue of $7.90 billion for 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%. United Natural Foods’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) EPS. On average, sell-side analysts expect that United Natural Foods will post 0.66 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Danielle Benedict sold 9,050 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were 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 approximately $1,949,617.80. This trade represents a 9.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On United Natural Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of UNFI. nVerses Capital LLC acquired a new stake in shares of United Natural Foods in the 2nd quarter worth $28,000. CWM LLC increased 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 valued at $43,000 after acquiring an additional 2,879 shares in the last quarter. Van ECK Associates Corp boosted its stake in United Natural Foods by 12.2% in the 2nd quarter. Van ECK Associates Corp now owns 6,584 shares of the company’s stock worth $86,000 after purchasing an additional 716 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in United Natural Foods during the 2nd quarter worth approximately $94,000. Finally, Innealta Capital LLC acquired a new position in United Natural Foods during the 2nd quarter valued at approximately $97,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.

About United Natural Foods

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.