Wells Fargo & Company Increases United Natural Foods (NYSE:UNFI) Price Target to $25.00

United Natural Foods (NYSE:UNFI) had its target price raised by Wells Fargo & Company from $23.00 to $25.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 8.29% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Northcoast Research upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating in a report on Friday, October 11th. BMO Capital Markets lifted their target price on shares of United Natural Foods from $23.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. Guggenheim reissued a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. 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, Roth Mkm increased their target price on United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.20.

United Natural Foods Price Performance

Shares of United Natural Foods stock opened at $27.26 on Friday. The firm has a market cap of $1.63 billion, a PE ratio of -17.36 and a beta of 0.63. The company’s fifty day simple moving average is $25.18 and its two-hundred day simple moving average is $19.12. The company has a quick ratio of 0.52, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. United Natural Foods has a 12-month low of $8.58 and a 12-month high of $32.20.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.18. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The company had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.61 billion. During the same quarter in the previous year, the business earned ($0.04) EPS. United Natural Foods’s revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts expect that United Natural Foods will post 0.72 EPS for the current year.

Insider Buying and Selling at United Natural Foods

In related news, insider Danielle Benedict sold 9,050 shares of the 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 sale, the insider now directly owns 88,218 shares of the company’s stock, valued at approximately $1,949,617.80. This represents a 9.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On United Natural Foods

A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of United Natural Foods by 46.0% during the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company’s stock valued at $55,000 after buying an additional 639 shares during the last quarter. Versant Capital Management Inc lifted its stake in United Natural Foods by 66.5% during the 4th quarter. Versant Capital Management Inc now owns 931 shares of the company’s stock valued at $25,000 after acquiring an additional 372 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of United Natural Foods by 118.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company’s stock valued at $2,993,000 after acquiring an additional 96,341 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of United Natural Foods by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,358,340 shares of the company’s stock worth $22,852,000 after acquiring an additional 14,928 shares during the period. Finally, State Street Corp raised its holdings in shares of United Natural Foods by 1.5% during the third quarter. State Street Corp now owns 2,383,733 shares of the company’s stock valued at $40,094,000 after purchasing an additional 34,522 shares during the last quarter. Hedge funds and other institutional investors 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.