United Natural Foods (NYSE:UNFI) Shares Gap Down – What’s Next?

United Natural Foods, Inc. (NYSE:UNFI) shares gapped down before the market opened on Monday . The stock had previously closed at $26.73, but opened at $26.16. United Natural Foods shares last traded at $26.15, with a volume of 27,890 shares.

Analyst Upgrades and Downgrades

UNFI has been the subject of several research reports. CL King raised shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Wednesday, March 12th. Roth Mkm increased their price objective on United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. BMO Capital Markets increased their price objective on United Natural Foods from $23.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 11th. The Goldman Sachs Group increased their price objective on United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, Guggenheim reissued a “neutral” rating on shares of United Natural Foods in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.50.

United Natural Foods Stock Up 0.1 %

The firm has a fifty day simple moving average of $29.58 and a 200-day simple moving average of $24.30. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -16.93 and a beta of 0.56. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $7.96 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 EPS. As a group, sell-side analysts expect that United Natural Foods, Inc. will post 0.76 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in shares of United Natural Foods by 66.5% in the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company’s stock worth $25,000 after purchasing an additional 372 shares during the period. Hazlett Burt & Watson Inc. bought a new position in shares of United Natural Foods in the fourth quarter worth $27,000. Harvest Fund Management Co. Ltd bought a new position in shares of United Natural Foods in the fourth quarter worth $37,000. Aquatic Capital Management LLC bought a new position in shares of United Natural Foods in the fourth quarter worth $47,000. Finally, Sterling Capital Management LLC increased its position in shares of United Natural Foods by 796.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company’s stock worth $51,000 after purchasing an additional 1,672 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.