United Natural Foods, Inc. (NYSE:UNFI) Given Consensus Rating of “Reduce” by Brokerages

Shares of United Natural Foods, Inc. (NYSE:UNFI) have been assigned an average recommendation of “Reduce” from the five analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $13.60.

A number of brokerages recently weighed in on UNFI. Roth Mkm raised their price objective on United Natural Foods from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, June 6th. StockNews.com upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 13th. Wells Fargo & Company lowered their target price on shares of United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a research note on Thursday, March 7th. Finally, UBS Group boosted their target price on shares of United Natural Foods from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th.

Insider Buying and Selling at United Natural Foods

In other news, CAO Richard Eric Esper sold 4,375 shares of the business’s 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 transaction, the chief accounting officer now owns 32,865 shares in the company, valued at approximately $373,017.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Institutional Trading of United Natural Foods

Several institutional investors have recently modified their holdings of UNFI. Barclays PLC boosted its stake in United Natural Foods by 15.4% during the third quarter. Barclays PLC now owns 45,182 shares of the company’s stock worth $639,000 after buying an additional 6,035 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in United Natural Foods by 8.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 630,320 shares of the company’s stock worth $8,913,000 after purchasing an additional 51,028 shares in the last quarter. Nordea Investment Management AB lifted its stake in United Natural Foods by 0.8% during the third quarter. Nordea Investment Management AB now owns 109,484 shares of the company’s stock worth $1,543,000 after purchasing an additional 837 shares during the period. Invesco Ltd. boosted its holdings in 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 purchasing an additional 199,757 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of United Natural Foods in the 3rd quarter valued at approximately $575,000. Institutional investors and hedge funds own 87.63% of the company’s stock.

United Natural Foods Trading Up 0.2 %

Shares of NYSE UNFI opened at $13.22 on Friday. The stock has a market cap of $786.19 million, a price-to-earnings ratio of -5.49 and a beta of 0.61. The business has a 50 day simple moving average of $11.48 and a 200 day simple moving average of $13.24. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.55 and a current ratio of 1.51. United Natural Foods has a 52 week low of $8.58 and a 52 week high of $21.28.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.51 billion. United Natural Foods had a negative net margin of 0.47% and a negative return on equity of 0.35%. United Natural Foods’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 EPS. On average, research analysts predict that United Natural Foods will post 0.06 earnings per share for the current fiscal year.

About United Natural Foods

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.