United Natural Foods, Inc. (NYSE:UNFI) Receives $13.40 Average Target Price from Analysts

United Natural Foods, Inc. (NYSE:UNFIGet Free Report) has earned an average rating of “Reduce” from the five ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $13.40.

A number of analysts have commented on the stock. Wells Fargo & Company decreased their price target on shares of United Natural Foods from $15.00 to $12.00 and set an “underweight” rating for the company in a research note on Thursday, March 7th. Roth Mkm reissued a “neutral” rating and issued a $13.00 price objective (down from $15.00) on shares of United Natural Foods in a research note on Thursday, March 7th. Finally, StockNews.com downgraded shares of United Natural Foods from a “hold” rating to a “sell” rating in a report on Thursday, March 14th.

View Our Latest Analysis on United Natural Foods

United Natural Foods Stock Up 1.9 %

United Natural Foods stock opened at $11.75 on Tuesday. The company has a market capitalization of $698.42 million, a PE ratio of -6.03 and a beta of 0.63. United Natural Foods has a 12-month low of $8.58 and a 12-month high of $27.76. The firm’s fifty day moving average is $10.40 and its 200 day moving average is $13.49. The company has a quick ratio of 0.54, a current ratio of 1.53 and a debt-to-equity ratio of 1.29.

United Natural Foods (NYSE:UNFIGet Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.09. United Natural Foods had a positive return on equity of 1.20% and a negative net margin of 0.38%. The business had revenue of $7.78 billion for the quarter, compared to analyst estimates of $7.87 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. As a group, sell-side analysts predict that United Natural Foods will post 0.01 EPS for the current fiscal year.

Insider Activity at United Natural Foods

In other United Natural Foods news, CAO Richard Eric Esper sold 4,375 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $11.35, for a total transaction of $49,656.25. Following the completion of the transaction, the chief accounting officer now owns 32,865 shares in the company, valued at $373,017.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of United Natural Foods

A number of large investors have recently modified their holdings of UNFI. Headlands Technologies LLC bought a new position in shares of United Natural Foods in the fourth quarter worth approximately $32,000. Quest Partners LLC bought a new position in shares of United Natural Foods in the 4th quarter worth $35,000. Spire Wealth Management raised its position in shares of United Natural Foods by 68.2% during the 1st quarter. Spire Wealth Management now owns 3,230 shares of the company’s stock valued at $37,000 after buying an additional 1,310 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of United Natural Foods during the 1st quarter worth $38,000. Finally, Allspring Global Investments Holdings LLC grew its position in United Natural Foods by 317.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,634 shares of the company’s stock worth $42,000 after acquiring an additional 2,763 shares in the last quarter. Institutional investors own 87.63% of the company’s stock.

About United Natural Foods

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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.

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