United Natural Foods (NYSE:UNFI) Price Target Raised to $14.00 at Roth Mkm

United Natural Foods (NYSE:UNFIFree Report) had its target price lifted by Roth Mkm from $13.00 to $14.00 in a research note issued to investors on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts also recently weighed in on the stock. StockNews.com downgraded shares of United Natural Foods from a hold rating to a sell rating in a report on Thursday, March 14th. Wells Fargo & Company dropped their price objective 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. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $13.60.

Check Out Our Latest Report on United Natural Foods

United Natural Foods Stock Performance

Shares of United Natural Foods stock opened at $15.51 on Thursday. The company has a 50 day moving average of $10.55 and a 200-day moving average of $13.42. United Natural Foods has a 1-year low of $8.58 and a 1-year high of $23.66. The company has a current ratio of 1.53, a quick ratio of 0.54 and a debt-to-equity ratio of 1.29. The company has a market cap of $921.87 million, a PE ratio of -7.95 and a beta of 0.61.

United Natural Foods (NYSE:UNFIGet Free Report) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. United Natural Foods had a negative net margin of 0.38% and a positive return on equity of 1.20%. The company had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities research analysts forecast that United Natural Foods will post 0.01 earnings per share for the current fiscal year.

Insider Activity at United Natural Foods

In related news, CAO Richard Eric Esper sold 4,375 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $11.35, for a total value of $49,656.25. Following the completion of the transaction, the chief accounting officer now owns 32,865 shares of the company’s stock, valued at approximately $373,017.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On United Natural Foods

Large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its stake in shares of United Natural Foods by 18.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 745,628 shares of the company’s stock valued at $12,102,000 after acquiring an additional 115,308 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of United Natural Foods by 3.9% during the third quarter. Vanguard Group Inc. now owns 7,434,767 shares of the company’s stock valued at $105,128,000 after acquiring an additional 277,636 shares during the last quarter. Invesco Ltd. raised its stake in shares of United Natural Foods by 10.9% during the third quarter. Invesco Ltd. now owns 2,040,105 shares of the company’s stock valued at $28,847,000 after acquiring an additional 199,757 shares during the last quarter. Nordea Investment Management AB increased its position in shares of United Natural Foods by 24.7% during the fourth quarter. Nordea Investment Management AB now owns 136,489 shares of the company’s stock worth $2,221,000 after buying an additional 27,005 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of United Natural Foods by 176.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 172,033 shares of the company’s stock worth $2,433,000 after buying an additional 109,812 shares during the period. 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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