United Natural Foods (UNFI) Issues Quarterly Earnings Results

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United Natural Foods (NASDAQ:UNFI) issued its earnings results on Thursday, September 20th. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.09), Briefing.com reports. United Natural Foods had a net margin of 1.62% and a return on equity of 8.93%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. United Natural Foods updated its FY19 guidance to $3.48-3.58 EPS.

Shares of United Natural Foods stock traded down $0.61 during trading on Friday, reaching $27.15. The company’s stock had a trading volume of 1,696,178 shares, compared to its average volume of 682,690. The company has a quick ratio of 0.93, a current ratio of 2.56 and a debt-to-equity ratio of 0.19. United Natural Foods has a one year low of $26.86 and a one year high of $52.69. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 1.23 and a beta of 1.37.

Several brokerages have recently commented on UNFI. Morgan Stanley reduced their target price on shares of United Natural Foods from $41.00 to $27.00 and set a “sell” rating on the stock in a research note on Monday, September 24th. Zacks Investment Research downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Bank of America reduced their target price on shares of United Natural Foods from $33.00 to $30.00 and set an “underperform” rating on the stock in a research note on Friday, September 21st. Loop Capital set a $61.00 target price on shares of United Natural Foods and gave the company a “buy” rating in a research note on Friday, July 13th. Finally, BMO Capital Markets set a $28.00 target price on shares of United Natural Foods and gave the company a “hold” rating in a research note on Friday, September 21st. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $38.98.

In related news, Director James P. Heffernan sold 3,820 shares of United Natural Foods stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $29.50, for a total value of $112,690.00. Following the completion of the transaction, the director now directly owns 6,960 shares of the company’s stock, valued at $205,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.

United Natural Foods Company Profile

United Natural Foods, Inc engages in the distribution of natural, organic, and specialty foods and non-food products. It operates through the Wholesale and Other segment. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment includes the sale other activities of the firm.

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Earnings History for United Natural Foods (NASDAQ:UNFI)

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