United Natural Foods (NYSE:UNFI) Trading 7.4% Higher

United Natural Foods Inc (NYSE:UNFI) shares traded up 7.4% on Friday . The stock traded as high as $8.72 and last traded at $8.72, 1,080,081 shares traded hands during mid-day trading. A decline of 16% from the average session volume of 1,285,279 shares. The stock had previously closed at $8.12.

Several equities research analysts recently weighed in on the company. Wells Fargo & Co decreased their price objective on United Natural Foods from $10.00 to $9.00 and set a “market perform” rating for the company in a report on Wednesday, October 2nd. Loop Capital decreased their price objective on United Natural Foods to $14.00 and set a “buy” rating for the company in a report on Wednesday, August 28th. BidaskClub raised United Natural Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, September 20th. BMO Capital Markets lowered United Natural Foods from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $10.00 to $5.00 in a report on Friday, August 2nd. Finally, ValuEngine raised United Natural Foods from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $13.07.

The company has a current ratio of 1.69, a quick ratio of 0.70 and a debt-to-equity ratio of 1.94. The firm has a market cap of $423.35 million, a PE ratio of 4.19, a price-to-earnings-growth ratio of 0.66 and a beta of 2.10. The stock has a fifty day simple moving average of $7.63 and a two-hundred day simple moving average of $9.37.

United Natural Foods (NYSE:UNFI) last posted its earnings results on Tuesday, October 1st. The company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.08). The company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.42 billion. United Natural Foods had a negative net margin of 1.33% and a positive return on equity of 6.59%. The firm’s quarterly revenue was up 147.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 EPS. As a group, sell-side analysts predict that United Natural Foods Inc will post 1.34 earnings per share for the current fiscal year.

In other United Natural Foods news, Director James L. Muehlbauer acquired 30,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was bought at an average price of $6.91 per share, with a total value of $207,300.00. Following the completion of the acquisition, the director now owns 30,000 shares of the company’s stock, valued at $207,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter Roy acquired 10,000 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were acquired at an average cost of $7.50 per share, with a total value of $75,000.00. Following the acquisition, the director now directly owns 49,154 shares of the company’s stock, valued at approximately $368,655. The disclosure for this purchase can be found here. 1.80% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. NumerixS Investment Technologies Inc grew its holdings in shares of United Natural Foods by 96.4% during the second quarter. NumerixS Investment Technologies Inc now owns 5,500 shares of the company’s stock worth $49,000 after purchasing an additional 2,700 shares in the last quarter. Glen Harbor Capital Management LLC grew its holdings in shares of United Natural Foods by 41.9% during the second quarter. Glen Harbor Capital Management LLC now owns 8,784 shares of the company’s stock worth $79,000 after purchasing an additional 2,592 shares in the last quarter. Point72 Hong Kong Ltd grew its holdings in shares of United Natural Foods by 64.8% during the second quarter. Point72 Hong Kong Ltd now owns 9,349 shares of the company’s stock worth $84,000 after purchasing an additional 3,675 shares in the last quarter. Covington Capital Management purchased a new position in shares of United Natural Foods during the second quarter worth about $90,000. Finally, Everence Capital Management Inc. purchased a new position in shares of United Natural Foods during the second quarter worth about $94,000. 90.20% of the stock is owned by institutional investors.

United Natural Foods Company Profile (NYSE:UNFI)

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

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