United Natural Foods, Inc. (NASDAQ:UNFI) has received a consensus recommendation of “Hold” from the twenty-three brokerages that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $42.53.
Several research analysts recently issued reports on UNFI shares. Zacks Investment Research lowered shares of United Natural Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of United Natural Foods from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Barclays PLC reaffirmed a “sell” rating and set a $32.00 price target on shares of United Natural Foods in a report on Thursday, September 28th. TheStreet downgraded shares of United Natural Foods from a “b-” rating to a “c+” rating in a report on Friday, October 27th. Finally, Stephens initiated coverage on shares of United Natural Foods in a report on Friday, August 11th. They issued an “equal weight” rating and a $50.00 price objective on the stock.
In other news, COO Sean Griffin sold 6,521 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $44.60, for a total transaction of $290,836.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bates Ann Torre sold 7,190 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $40.16, for a total value of $288,750.40. The disclosure for this sale can be found here. Insiders have sold a total of 61,498 shares of company stock valued at $2,659,539 over the last 90 days. 1.30% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. CS Mckee LP raised its position in shares of United Natural Foods by 0.4% during the 2nd quarter. CS Mckee LP now owns 24,700 shares of the company’s stock worth $906,000 after acquiring an additional 100 shares in the last quarter. Amalgamated Bank raised its position in shares of United Natural Foods by 2.8% during the 2nd quarter. Amalgamated Bank now owns 7,179 shares of the company’s stock worth $263,000 after acquiring an additional 196 shares in the last quarter. Suntrust Banks Inc. raised its position in shares of United Natural Foods by 2.5% during the 2nd quarter. Suntrust Banks Inc. now owns 8,628 shares of the company’s stock worth $316,000 after acquiring an additional 214 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of United Natural Foods by 1.5% during the 2nd quarter. State Treasurer State of Michigan now owns 20,900 shares of the company’s stock worth $767,000 after acquiring an additional 300 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of United Natural Foods by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 21,300 shares of the company’s stock worth $782,000 after acquiring an additional 300 shares in the last quarter.
Shares of United Natural Foods (NASDAQ:UNFI) remained flat at $$39.44 on Wednesday. 463,127 shares of the stock were exchanged, compared to its average volume of 816,728. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.36 and a quick ratio of 0.90. United Natural Foods has a 1-year low of $29.53 and a 1-year high of $49.74. The stock has a market cap of $2,000.00, a PE ratio of 15.35, a P/E/G ratio of 2.89 and a beta of 1.38.
United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Wednesday, September 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.02. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.36 billion. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. equities research analysts expect that United Natural Foods will post 2.71 EPS for the current year.
United Natural Foods declared that its Board of Directors has approved a share repurchase plan on Friday, October 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
United Natural Foods Company Profile
United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
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