BMO Capital Markets Analysts Give United Natural Foods (UNFI) a $54.00 Price Target

BMO Capital Markets set a $54.00 price target on United Natural Foods (NASDAQ:UNFI) in a research note published on Saturday morning. The brokerage currently has a hold rating on the stock.

Several other equities analysts have also weighed in on UNFI. Loop Capital set a $56.00 price objective on shares of United Natural Foods and gave the company a buy rating in a research report on Friday. Susquehanna Bancshares set a $49.00 price objective on shares of United Natural Foods and gave the company a hold rating in a research report on Thursday, December 7th. BidaskClub lowered shares of United Natural Foods from a hold rating to a sell rating in a research report on Friday, August 11th. Barclays reissued a sell rating and issued a $32.00 price objective on shares of United Natural Foods in a research report on Thursday, September 28th. Finally, Stephens assumed coverage on shares of United Natural Foods in a research report on Friday, August 11th. They issued an equal weight rating and a $50.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $43.33.

United Natural Foods (UNFI) opened at $49.62 on Friday. The firm has a market cap of $2,507.44, a PE ratio of 19.06, a PEG ratio of 3.61 and a beta of 1.46. United Natural Foods has a 1 year low of $29.53 and a 1 year high of $52.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.25 and a quick ratio of 0.82.

United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.39 billion. United Natural Foods had a net margin of 1.39% and a return on equity of 8.04%. During the same period in the prior year, the firm earned $0.58 earnings per share. sell-side analysts predict that United Natural Foods will post 2.74 EPS for the current fiscal year.

United Natural Foods announced that its Board of Directors has initiated a share repurchase program on Friday, October 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

In other United Natural Foods news, insider John Michael Hummel sold 1,407 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $40.72, for a total transaction of $57,293.04. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter Roy sold 2,660 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $40.43, for a total transaction of $107,543.80. The disclosure for this sale can be found here. Insiders have sold 61,498 shares of company stock worth $2,659,539 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Sei Investments Co. grew its stake in United Natural Foods by 47.2% during the second quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock worth $133,000 after buying an additional 1,162 shares in the last quarter. Riverhead Capital Management LLC grew its stake in United Natural Foods by 80.6% during the second quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock worth $172,000 after buying an additional 2,095 shares in the last quarter. Flinton Capital Management LLC grew its stake in United Natural Foods by 76.9% during the second quarter. Flinton Capital Management LLC now owns 5,152 shares of the company’s stock worth $189,000 after buying an additional 2,240 shares in the last quarter. Balasa Dinverno & Foltz LLC acquired a new stake in United Natural Foods during the third quarter worth about $208,000. Finally, Bell Bank acquired a new stake in United Natural Foods during the third quarter worth about $210,000.

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About United Natural Foods

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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