United Natural Foods (NYSE:UNFI) Hits New 1-Year Low at $9.18

United Natural Foods, Inc. (NYSE:UNFI)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $9.18 and last traded at $9.22, with a volume of 63773 shares. The stock had previously closed at $9.27.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company dropped their target price on United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, March 7th. Roth Mkm reaffirmed a “neutral” rating and set a $13.00 target price (down from $15.00) on shares of United Natural Foods in a report on Thursday, March 7th. Finally, StockNews.com lowered United Natural Foods from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, United Natural Foods presently has an average rating of “Hold” and an average target price of $13.40.

United Natural Foods Stock Performance

The company has a debt-to-equity ratio of 1.29, a current ratio of 1.53 and a quick ratio of 0.54. The firm has a fifty day simple moving average of $12.38 and a 200 day simple moving average of $14.35. The company has a market capitalization of $529.02 million, a price-to-earnings ratio of -4.56 and a beta of 0.55.

United Natural Foods (NYSE:UNFI) last released its earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.09. The business had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.87 billion. United Natural Foods had a positive return on equity of 1.20% and a negative net margin of 0.38%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 earnings per share. On average, analysts anticipate that United Natural Foods, Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Richard Eric Esper sold 4,375 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $11.35, for a total value of $49,656.25. Following the transaction, the chief accounting officer now owns 32,865 shares in the company, valued at $373,017.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On United Natural Foods

A number of institutional investors have recently added to or reduced their stakes in UNFI. SG Americas Securities LLC purchased a new position in United Natural Foods during the third quarter worth approximately $235,000. Handelsbanken Fonder AB purchased a new position in United Natural Foods during the third quarter worth approximately $186,000. Mackenzie Financial Corp lifted its position in United Natural Foods by 1.5% during the third quarter. Mackenzie Financial Corp now owns 1,720,277 shares of the company’s stock worth $22,794,000 after buying an additional 26,140 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in United Natural Foods by 728.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 179,783 shares of the company’s stock worth $2,542,000 after buying an additional 158,082 shares in the last quarter. Finally, Private Management Group Inc. lifted its position in United Natural Foods by 1.3% during the third quarter. Private Management Group Inc. now owns 803,642 shares of the company’s stock worth $11,363,000 after buying an additional 10,603 shares in the last quarter. Hedge funds and other institutional investors 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.