United Natural Foods, Inc. (NASDAQ:UNFI)‘s stock had its “hold” rating reiterated by Wells Fargo & Company in a report issued on Thursday, September 14th. They presently have a $38.00 price objective on the stock. Wells Fargo & Company’s price target would suggest a potential downside of 6.89% from the company’s current price.
Several other research firms also recently commented on UNFI. BMO Capital Markets set a $38.00 target price on shares of United Natural Foods and gave the stock a “hold” rating in a research report on Tuesday, June 27th. Royal Bank Of Canada set a $34.00 target price on United Natural Foods and gave the stock a “hold” rating in a report on Tuesday, August 29th. Jefferies Group LLC restated a “hold” rating and issued a $38.00 price objective (down from $44.00) on shares of United Natural Foods in a research note on Sunday, June 25th. Pivotal Research reissued a “sell” rating and set a $32.00 target price on shares of United Natural Foods in a research report on Tuesday, September 12th. Finally, Morgan Stanley restated an “underweight” rating and set a $33.00 target price (down previously from $36.00) on shares of United Natural Foods in a research note on Monday, June 19th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. United Natural Foods currently has a consensus rating of “Hold” and an average price target of $42.76.
United Natural Foods (NASDAQ:UNFI) opened at 40.81 on Thursday. The company has a 50 day moving average price of $37.69 and a 200 day moving average price of $39.06. The firm has a market capitalization of $2.07 billion, a P/E ratio of 15.94 and a beta of 1.43. United Natural Foods has a 52-week low of $29.53 and a 52-week high of $49.74.
United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.36 billion. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.70 earnings per share. On average, equities analysts forecast that United Natural Foods will post $2.71 EPS for the current fiscal year.
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In other United Natural Foods news, Director James P. Heffernan sold 2,660 shares of the stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $44.28, for a total value of $117,784.80. Following the sale, the director now directly owns 29,724 shares in the company, valued at $1,316,178.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James P. Heffernan sold 2,970 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $42.45, for a total value of $126,076.50. Following the sale, the director now directly owns 24,094 shares in the company, valued at approximately $1,022,790.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,241 shares of company stock valued at $2,205,951. 1.30% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in United Natural Foods by 16,599.3% in the first quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock valued at $227,062,000 after purchasing an additional 5,220,963 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of United Natural Foods in the second quarter valued at about $716,000. Adirondack Research & Management Inc. bought a new stake in United Natural Foods during the second quarter worth about $1,725,000. GAM Holding AG acquired a new position in United Natural Foods during the second quarter valued at approximately $1,156,000. Finally, Peregrine Capital Management LLC grew its stake in United Natural Foods by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 144,481 shares of the company’s stock valued at $5,302,000 after purchasing an additional 2,881 shares in the last quarter.
United Natural Foods Company Profile
United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
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