Analysts Set United Natural Foods, Inc. (NYSE:UNFI) PT at $18.40

Shares of United Natural Foods, Inc. (NYSE:UNFI) have been assigned an average rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $18.40.

UNFI has been the topic of several recent analyst reports. UBS Group lifted their price target on shares of United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. BMO Capital Markets boosted their price objective on shares of United Natural Foods from $14.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 2nd. Northcoast Research raised shares of United Natural Foods from a “neutral” rating to a “buy” rating in a research note on Friday, October 11th. Finally, The Goldman Sachs Group boosted their price target on United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th.

United Natural Foods Stock Up 1.2 %

Shares of United Natural Foods stock opened at $20.58 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.52 and a current ratio of 1.44. United Natural Foods has a 52-week low of $8.58 and a 52-week high of $23.15. The company’s 50 day moving average price is $17.95 and its 200-day moving average price is $14.26. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -10.89 and a beta of 0.62.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings data on Tuesday, October 1st. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09. The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $7.94 billion. United Natural Foods had a negative net margin of 0.36% and a positive return on equity of 0.54%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.25) earnings per share. Equities research analysts forecast that United Natural Foods will post 0.64 EPS for the current year.

Insider Activity

In other United Natural Foods news, insider Danielle Benedict sold 15,152 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $19.78, for a total value of $299,706.56. Following the completion of the transaction, the insider now owns 100,423 shares of the company’s stock, valued at approximately $1,986,366.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On United Natural Foods

A number of large investors have recently added to or reduced their stakes in UNFI. Ballentine Partners LLC grew its holdings in shares of United Natural Foods by 18.6% in the third quarter. Ballentine Partners LLC now owns 15,008 shares of the company’s stock worth $252,000 after acquiring an additional 2,350 shares during the period. nVerses Capital LLC grew its stake in shares of United Natural Foods by 85.7% during the 3rd quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock valued at $66,000 after purchasing an additional 1,800 shares during the period. Creative Planning grew its stake in shares of United Natural Foods by 7.6% during the 3rd quarter. Creative Planning now owns 13,506 shares of the company’s stock valued at $227,000 after purchasing an additional 953 shares during the period. SG Americas Securities LLC purchased a new stake in shares of United Natural Foods during the 3rd quarter valued at about $548,000. Finally, Susquehanna Fundamental Investments LLC lifted its stake in shares of United Natural Foods by 12.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 162,402 shares of the company’s stock worth $2,127,000 after purchasing an additional 18,400 shares during the period. Institutional investors own 87.63% of the company’s stock.

United Natural Foods Company Profile

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.