United Natural Foods (NYSE:UNFI) Rating Increased to Hold at StockNews.com

United Natural Foods (NYSE:UNFI) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

UNFI has been the topic of a number of other reports. UBS Group lifted their price target on United Natural Foods from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. Wells Fargo & Company lowered their price objective on United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a research note on Thursday, March 7th. Finally, Roth Mkm boosted their price objective on United Natural Foods from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.60.

United Natural Foods Stock Down 3.0 %

United Natural Foods stock opened at $13.21 on Thursday. The stock has a market capitalization of $785.60 million, a PE ratio of -5.48 and a beta of 0.61. United Natural Foods has a 12 month low of $8.58 and a 12 month high of $21.28. The business has a 50 day simple moving average of $10.86 and a 200-day simple moving average of $13.38. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.51 and a quick ratio of 0.55.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.51 billion. United Natural Foods had a negative return on equity of 0.35% and a negative net margin of 0.47%. The business’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. On average, analysts anticipate that United Natural Foods will post 0.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Richard Eric Esper sold 4,375 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $373,017.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United Natural Foods

Large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of United Natural Foods by 18.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 745,628 shares of the company’s stock valued at $12,102,000 after purchasing an additional 115,308 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of United Natural Foods by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 7,434,767 shares of the company’s stock valued at $105,128,000 after purchasing an additional 277,636 shares during the last quarter. Invenomic Capital Management LP purchased a new stake in shares of United Natural Foods in the 4th quarter valued at $1,497,000. Invesco Ltd. raised its holdings in shares of United Natural Foods by 10.9% in the 3rd quarter. Invesco Ltd. now owns 2,040,105 shares of the company’s stock valued at $28,847,000 after buying an additional 199,757 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of United Natural Foods by 24.7% in the 4th quarter. Nordea Investment Management AB now owns 136,489 shares of the company’s stock valued at $2,221,000 after buying an additional 27,005 shares during the period. 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.