United Natural Foods (NYSE:UNFI) Posts Earnings Results

United Natural Foods (NYSE:UNFI) issued its earnings results on Tuesday. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.06, MarketWatch Earnings reports. The company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.81 billion. United Natural Foods had a net margin of 0.74% and a return on equity of 20.33%. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.40 EPS.

Shares of UNFI stock traded down $0.45 during trading hours on Thursday, reaching $33.81. The company had a trading volume of 14,133 shares, compared to its average volume of 1,398,827. United Natural Foods has a 1-year low of $14.23 and a 1-year high of $42.40. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.62 and a current ratio of 1.59. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 9.59 and a beta of 1.28. The firm’s 50 day simple moving average is $36.22.

In related news, COO Eric A. Dorne sold 10,757 shares of the stock in a transaction that occurred on Wednesday, June 2nd. The shares were sold at an average price of $40.00, for a total value of $430,280.00. Following the sale, the chief operating officer now directly owns 14,008 shares in the company, valued at approximately $560,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Christopher P. Testa sold 22,000 shares of United Natural Foods stock in a transaction that occurred on Monday, March 22nd. The stock was sold at an average price of $36.00, for a total transaction of $792,000.00. Following the transaction, the president now directly owns 29,992 shares in the company, valued at approximately $1,079,712. The disclosure for this sale can be found here. Insiders sold a total of 269,423 shares of company stock worth $10,234,213 over the last 90 days. 2.00% of the stock is owned by corporate insiders.

Several analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of United Natural Foods from $20.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, March 11th. TheStreet raised United Natural Foods from a “c” rating to a “b-” rating in a report on Thursday, March 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on United Natural Foods from $20.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, March 11th. Northcoast Research cut shares of United Natural Foods from a “buy” rating to a “neutral” rating in a research note on Friday, April 9th. Finally, MKM Partners boosted their price objective on shares of United Natural Foods from $36.00 to $46.00 in a research report on Thursday, March 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $27.89.

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, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items.

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Earnings History for United Natural Foods (NYSE:UNFI)

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