United Natural Foods (NYSE:UNFI) Price Target Raised to $36.00

United Natural Foods (NYSE:UNFI) had its price objective hoisted by Wells Fargo & Company from $26.00 to $36.00 in a report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets boosted their price target on shares of United Natural Foods from $36.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday. The Goldman Sachs Group reduced their price objective on shares of United Natural Foods from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft set a $24.00 price objective on shares of United Natural Foods and gave the stock a “hold” rating in a research note on Thursday, June 12th. Zacks Research upgraded shares of United Natural Foods from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 15th. Finally, UBS Group boosted their price objective on shares of United Natural Foods from $29.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $36.00.

United Natural Foods Trading Up 1.2%

NYSE:UNFI opened at $40.51 on Wednesday. United Natural Foods has a one year low of $18.81 and a one year high of $41.19. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.51 and a current ratio of 1.32. The firm has a market cap of $2.46 billion, a P/E ratio of -20.77 and a beta of 0.88. The firm has a 50-day simple moving average of $29.05 and a 200-day simple moving average of $26.96.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Tuesday, September 30th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.07. United Natural Foods had a negative net margin of 0.37% and a positive return on equity of 2.74%. The business had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.61 billion. During the same quarter in the previous year, the business posted $0.01 EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. Equities analysts anticipate that United Natural Foods will post 0.76 EPS for the current fiscal year.

Insider Transactions at United Natural Foods

In other United Natural Foods news, insider Danielle Benedict sold 11,655 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $35.31, for a total transaction of $411,538.05. Following the transaction, the insider owned 89,544 shares in the company, valued at approximately $3,161,798.64. This represents a 11.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC purchased a new stake in shares of United Natural Foods in the 4th quarter valued at $656,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of United Natural Foods by 18.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 188,642 shares of the company’s stock valued at $5,152,000 after acquiring an additional 29,357 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of United Natural Foods by 2,671.4% in the 1st quarter. GAMMA Investing LLC now owns 56,177 shares of the company’s stock valued at $1,539,000 after acquiring an additional 54,150 shares during the last quarter. NBC Securities Inc. boosted its holdings in shares of United Natural Foods by 114,631.0% in the 1st quarter. NBC Securities Inc. now owns 33,272 shares of the company’s stock valued at $911,000 after acquiring an additional 33,243 shares during the last quarter. Finally, Range Financial Group LLC purchased a new stake in shares of United Natural Foods in the 1st quarter valued at $1,253,000. 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.