United Natural Foods, Inc. (NASDAQ:UNFI)‘s stock had its “market perform” rating reiterated by research analysts at BMO Capital Markets in a research report issued on Thursday, September 14th. They currently have a $40.00 price target on the stock, up from their prior price target of $38.00. BMO Capital Markets’ price objective suggests a potential downside of 3.89% from the company’s previous close.
Several other analysts have also recently commented on the company. Buckingham Research reduced their target price on United Natural Foods from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, September 14th. Bank of America Corporation reiterated an “underperform” rating and issued a $36.00 target price (up from $35.00) on shares of United Natural Foods in a report on Thursday, September 14th. Wells Fargo & Company reiterated a “hold” rating and issued a $38.00 target price on shares of United Natural Foods in a report on Thursday, September 14th. Jefferies Group LLC reissued a “hold” rating and issued a $39.00 price target (up from $38.00) on shares of United Natural Foods in a research note on Thursday, September 14th. Finally, Loop Capital reaffirmed a “buy” rating and set a $50.00 target price (up from $44.00) on shares of United Natural Foods in a research report on Thursday, September 14th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $43.06.
Shares of United Natural Foods (NASDAQ:UNFI) opened at 41.62 on Thursday. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 16.26 and a beta of 1.39. United Natural Foods has a 12-month low of $29.53 and a 12-month high of $49.74. The stock has a 50 day moving average of $36.25 and a 200 day moving average of $39.08.
United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.02. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts expect that United Natural Foods will post $2.71 earnings per share for the current fiscal year.
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In other United Natural Foods news, Director James P. Heffernan sold 2,660 shares of United Natural Foods stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $44.28, for a total transaction of $117,784.80. Following the completion of the transaction, the director now owns 29,724 shares in the company, valued at $1,316,178.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Paul Zechmeister sold 11,500 shares of United Natural Foods stock in a transaction on Monday, September 25th. The shares were sold at an average price of $44.06, for a total value of $506,690.00. Following the transaction, the chief financial officer now owns 1,997 shares of the company’s stock, valued at approximately $87,987.82. The disclosure for this sale can be found here. Insiders have sold 47,271 shares of company stock valued at $2,079,875 in the last quarter. 1.30% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. FMR LLC raised its stake in shares of United Natural Foods by 34.4% in the first quarter. FMR LLC now owns 7,588,290 shares of the company’s stock worth $328,042,000 after purchasing an additional 1,940,736 shares during the last quarter. BlackRock Inc. raised its stake in shares of United Natural Foods by 16,599.3% in the first quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock worth $227,062,000 after purchasing an additional 5,220,963 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of United Natural Foods by 0.6% in the second quarter. Vanguard Group Inc. now owns 4,289,244 shares of the company’s stock worth $157,415,000 after purchasing an additional 24,028 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of United Natural Foods by 30.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,010,466 shares of the company’s stock worth $147,183,000 after purchasing an additional 939,946 shares during the last quarter. Finally, Kiltearn Partners LLP purchased a new position in shares of United Natural Foods in the second quarter worth $74,701,000.
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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