United Natural Foods (NYSE:UNFI) Shares Up 4.2%

United Natural Foods, Inc. (NYSE:UNFI) shares rose 4.2% during trading on Tuesday . The company traded as high as $15.78 and last traded at $15.77. Approximately 171,988 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 650,205 shares. The stock had previously closed at $15.13.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on UNFI shares. StockNews.com raised United Natural Foods from a “sell” rating to a “hold” rating in a report on Thursday, June 13th. UBS Group lifted their price target on United Natural Foods from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. Finally, Roth Mkm raised their target price on United Natural Foods from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.60.

United Natural Foods Price Performance

The stock has a market capitalization of $939.03 million, a P/E ratio of -6.71 and a beta of 0.68. The company’s 50 day simple moving average is $13.70 and its two-hundred day simple moving average is $12.53. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.51 and a quick ratio of 0.55.

United Natural Foods (NYSE:UNFI) last released its earnings results on Wednesday, June 5th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. United Natural Foods had a negative net margin of 0.47% and a negative return on equity of 0.35%. The firm had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities analysts expect that United Natural Foods, Inc. will post 0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On United Natural Foods

Hedge funds and other institutional investors have recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of United Natural Foods in the second quarter valued at $28,000. Quest Partners LLC bought a new stake in shares of United Natural Foods during the fourth quarter worth about $35,000. Spire Wealth Management increased its position in United Natural Foods by 68.2% in the 1st quarter. Spire Wealth Management now owns 3,230 shares of the company’s stock valued at $37,000 after acquiring an additional 1,310 shares during the period. Public Employees Retirement System of Ohio bought a new position in United Natural Foods during the 1st quarter worth $38,000. Finally, Fidelis Capital Partners LLC bought a new position in shares of United Natural Foods during the first quarter worth about $42,000. Institutional investors and hedge funds own 87.63% of the company’s stock.

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.