United Natural Foods (NYSE:UNFI) Trading Up 6.3% Following Analyst Upgrade

United Natural Foods, Inc. (NYSE:UNFIGet Free Report) traded up 6.3% during trading on Thursday after StockNews.com upgraded the stock from a sell rating to a hold rating. The company traded as high as $14.27 and last traded at $14.24. 132,707 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 690,811 shares. The stock had previously closed at $13.40.

Several other research analysts have also issued reports on UNFI. Wells Fargo & Company cut their price target on United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, March 7th. Roth Mkm increased their price target on United Natural Foods from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, UBS Group increased their price target on United Natural Foods from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.60.

Get Our Latest Analysis on UNFI

Insider Transactions at United Natural Foods

In other news, CAO Richard Eric Esper sold 4,375 shares of United Natural Foods stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $11.35, for a total value of $49,656.25. Following the transaction, the chief accounting officer now owns 32,865 shares in the company, valued at $373,017.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On United Natural Foods

A number of hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in United Natural Foods by 2,136.5% during the 4th quarter. Federated Hermes Inc. now owns 657,320 shares of the company’s stock valued at $10,668,000 after buying an additional 627,930 shares during the last quarter. Private Management Group Inc. raised its stake in United Natural Foods by 47.4% during the 1st quarter. Private Management Group Inc. now owns 1,186,507 shares of the company’s stock valued at $13,633,000 after buying an additional 381,396 shares during the last quarter. Vanguard Group Inc. raised its stake in United Natural Foods by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company’s stock valued at $87,175,000 after buying an additional 321,020 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in United Natural Foods during the 1st quarter valued at $2,317,000. Finally, Invesco Ltd. raised its stake in United Natural Foods by 10.9% during the 3rd quarter. Invesco Ltd. now owns 2,040,105 shares of the company’s stock valued at $28,847,000 after buying an additional 199,757 shares during the last quarter. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Stock Performance

The firm has a market capitalization of $921.87 million, a PE ratio of -7.95 and a beta of 0.61. 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 business’s 50 day simple moving average is $10.55 and its two-hundred day simple moving average is $13.42.

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

United Natural Foods Company Profile

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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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