United Natural Foods (UNFI) Rating Lowered to Strong Sell at BidaskClub

BidaskClub downgraded shares of United Natural Foods (NASDAQ:UNFI) from a sell rating to a strong sell rating in a report issued on Saturday morning.

Several other analysts have also weighed in on UNFI. Buckingham Research lowered their price objective on shares of United Natural Foods from $26.00 to $24.00 and set a neutral rating for the company in a research note on Friday. Zacks Investment Research upgraded shares of United Natural Foods from a hold rating to a buy rating and set a $24.00 price objective for the company in a research note on Thursday. Cleveland Research reissued a hold rating on shares of United Natural Foods in a research report on Wednesday. Bank of America set a $24.00 price target on shares of United Natural Foods and gave the company a sell rating in a research report on Tuesday, October 23rd. Finally, Loop Capital set a $55.00 price target on shares of United Natural Foods and gave the company a buy rating in a research report on Wednesday, September 12th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. United Natural Foods has a consensus rating of Hold and an average target price of $33.24.

NASDAQ:UNFI opened at $21.61 on Friday. The firm has a market capitalization of $1.11 billion, a PE ratio of 6.90, a P/E/G ratio of 0.87 and a beta of 1.60. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.56 and a quick ratio of 0.93. United Natural Foods has a twelve month low of $21.08 and a twelve month high of $52.69.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings data on Thursday, September 20th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.09). The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.61 billion. United Natural Foods had a net margin of 1.62% and a return on equity of 8.93%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 EPS. Analysts forecast that United Natural Foods will post 3.44 EPS for the current fiscal year.

In related news, Director James P. Heffernan sold 3,820 shares of United Natural Foods stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $29.50, for a total value of $112,690.00. Following the completion of the sale, the director now owns 6,960 shares of the company’s stock, valued at approximately $205,320. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation purchased a new position in United Natural Foods during the 3rd quarter worth $117,000. Mainstay Capital Management LLC ADV boosted its holdings in United Natural Foods by 4,166.2% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 6,058 shares of the company’s stock worth $142,000 after acquiring an additional 5,916 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in United Natural Foods by 211.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,219 shares of the company’s stock worth $156,000 after acquiring an additional 3,543 shares during the last quarter. HPM Partners LLC purchased a new position in United Natural Foods during the 2nd quarter worth $223,000. Finally, NumerixS Investment Technologies Inc purchased a new position in United Natural Foods during the 2nd quarter worth $241,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

Read More: Institutional Investors

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

Receive News & Ratings for United Natural Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit